Rheinmetall

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Rheinmetall AG
Joint stock company
Traded as FWBRHM
Industry Automotive, Defence
Founded 13 April 1889
Founder Horder Bergwerks- und Huettenverein
Headquarters Düsseldorf, Germany
Key people
Armin Papperger (CEO and chairman of the executive board), Klaus Greinert (Chairman of the supervisory board)
Products Automotive parts, military vehicles and systems
Revenue €4.704 billion (2012)[1]
€301 million (2012)[1]
Profit €190 million (2012)[1]
Total assets €4.899 billion (end 2012)[1]
Total equity €1.461 billion (end 2012)[1]
Number of employees
21,767 (end 2012)[1]
Website www.rheinmetall.com

Headquartered in Düsseldorf, Rheinmetall AG is an automotive parts supplier and military technology group. In fiscal 2012 (2011), the company’s 21,766 (21,516) employees generated sales of €4.7 billion (€4.4 billion). Rheinmetall was the tenth-largest European defence contractor in 2011.[1]

The Group’s Automotive unit had sales in fiscal 2012 of €2.369 billion, while sales of its Defence arm for the same period came to €2.335 billion.[1] Rheinmetall AG is listed on the German MDAX; its shares are traded on all German stock exchanges.[1]

Company structure[edit]

Automotive[edit]

KSPG (previously known as Kolbenschmidt Pierburg) is the management company of Rheinmetall AG's automotive technology branch. A globally operating maker of automotive components, KSPG plays a leading role in air supply, pollution reduction and pump technology, as well as the development, manufacture and sale of pistons, engine blocks and smooth bearings, including the supply of spare parts. Development of new products takes place in close cooperation with major automakers. The company has been organized into three autonomously operating divisions since May 2012: Hardparts, Mechatronics, and Motor Service.[2]

The company's activities fall into seven business units, including Kolbenschmidt (which manufactures pistons); Large Pistons; Pierburg (components for air supply and pollution reduction); Pierburg Pump Technology (coolant, oil, recirculation and vacuum pumps); Plain Bearings (metal bearings and bearing elements as well as continuous casting elements); Aluminium Technology (engine blocks); and Motor Service (repair and maintenance sales for KSPG).[3]

Defence[edit]

Rheinmetall AG's Defence arm is one of the world's leading producers of systems and equipment for ground, air and naval forces.[2] Rheinmetall Defence has three divisions: Combat Systems, Electronic Solutions and Wheeled Vehicles. Its subsidiaries and affiliates are embedded in these three divisions.[4]

Though based in Germany, Rheinmetall Defence now has production plants and representative offices in sixteen countries, serving the armed forces, security services and law enforcement agencies of numerous nations.

History[edit]

The steam locomotive parked in Trebnje, Sevnica
The builder's plate on the steam locomotive parked in Trebnje, Slovenia
The steam locomotive parked in Trebnje, Slovenia, was produced in 1922 by Rheinische Metallwaren- und Maschinenfabrik from Düsseldorf.

Rheinische Metallwaren und Maschinenfabrik was founded in 1889 in Dusseldorf by Heinrich Ehrhardt and his associates to take on a contract that Hörder Bergwerks- und Hüttenvereins (a munitions company) could not fulfil. At the start of the twentieth century Dreysesche Gewehrfabrik, Munitions und Waffenfabrik was added to Rheinmetall.

After World War I, as a result of the treaty limitations imposed upon Germany, Rheinmetall produced non-military items.

In 1935, the Reich took majority shareholding. The railway locomotive manufacturer August Borsig GmbH was taken over in 1933. This led to the merger in 1936 giving Rheinmetall-Borsig AG. The Reichswehr placed a contract with Rheinmetall for a tank design leading to the Neubaufahrzeug (a cover name meaning "new construction vehicle" - as tank production was still banned).

The company went on to produce guns for tanks used by the Wehrmacht (such as those used on the Tiger I and Panther tanks) and anti-tank guns.

Production facilities were damaged by Allied bombing during World War II leading to relocation in eastern Germany and Poland. In the immediate post-war military production was banned and it was not until 1956 that arms production started again. The company name changed to Rheinmetall Berlin AG.


Acquisitions
  • Chempro GmbH (2007), 51% share[5]
  • ADS Gesellschaft für aktive Schutzsysteme mbH (2007) (76%)[5]
  • Zaugg Elektronik AG (2007) [5]
  • Stork PWV (2008)[6]
  • Rheinmetall Denel Munition (Pty) Ltd. (2008)[6]
  • LDT Laser Display Technology GmbH (2008)[6]
  • Rheinmetall MAN Military Vehicles GmbH (2010), a joint venture with MAN Truck & Bus, under Rheinmetall management (51%)[7]
  • Verseidag Ballistic Protection GmbH (2010)[7]
  • Laingsdale Engineering (Pty) Ltd. (2010)[7]
  • Simrad Optronics ASA (2010)[7]
  • Swiss Simtec (2011)[8]
  • Vingtech Corp. (2011)[8]

Military products[edit]

Modern[edit]

WWII and pre-WWII products[edit]

Gallery[edit]

References[edit]

External links[edit]