NKT Holding is a holding company

Holding company

A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...

 and industrial conglomerate

Conglomerate (company)

A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure , usually involving a parent company and several subsidiaries. Often, a conglomerate is a multi-industry company...

 with interests in cables and wires, cleaning equipment and high-pressure cleaners for both industry and private use, flexible pipelines for the oil and gas industry as well as optical components, lasers and crystal fibres.

The company is listed on NASDAQ OMX Copenhagen Stock Exchange

Copenhagen Stock Exchange

The Copenhagen Stock Exchange or CSE is an international marketplace for Danish securities, including shares, bonds, treasury bills and notes, and financial futures and options...

 and has been so since 1898.

NKT Holding is the parent company, with 4 main subsidiaries, being;

• NKT Cables
• Nilfisk-Advance
  Nilfisk-Advance
  Nilfisk-Advance is one of the world's leading suppliers of professional cleaning equipment.The company is headquartered in Denmark, with sales companies in 43 countries and manufacturing facilities in Brazil, China, Denmark, Hungary, Italy, Mexico and the United States. It has approximately 5000...
  
  
• Photonics Group (NKT Photonics, LIOS Technology, Vytran)
• NKT Flexibles
  NKT Flexibles
  NKT Flexibles is a supplier of flexible pipelines for the offshore and chemical industries based in Denmark. The company was formed in 1999 when it split off from NKT Cables. It is owned 51% by the NKT Holding group and 49% by Acergy...
  
  (co-owned with Subsea 7
  Subsea 7
  Subsea 7 S.A. is a subsea engineering and construction company. Registered in Luxembourg and with its headquarters in London in the United Kingdom, the firm assumed its current form in January 2011 when Acergy S.A...
  
  )

History

The company was founded in 1891 by H.P Prior, who would later become chairman of the Danish industry council, under the name of "Nordisk Elektrisk Ledningstraad og Kabel-Fabrik". It quickly expanded, buying up other companies, and it 1898 was named "Nordiske Kabel og Traadfabriker".

Over the next more than 100 years the company is active in a number of sectors outside the cable industry, including glass

Glass

Glass is an amorphous solid material. Glasses are typically brittle and optically transparent.The most familiar type of glass, used for centuries in windows and drinking vessels, is soda-lime glass, composed of about 75% silica plus Na2O, CaO, and several minor additives...

, aluminium

Aluminium

Aluminium or aluminum is a silvery white member of the boron group of chemical elements. It has the symbol Al, and its atomic number is 13. It is not soluble in water under normal circumstances....

, steel

Steel

Steel is an alloy that consists mostly of iron and has a carbon content between 0.2% and 2.1% by weight, depending on the grade. Carbon is the most common alloying material for iron, but various other alloying elements are used, such as manganese, chromium, vanadium, and tungsten...

, nails, fasteners etc.

In 1990 the current company structure is established and over the next 10 years, begins merging and selling of several companies in the portfolio with the aim to concentrate on a smaller number of core businesses with major international potential. The past decade, the company has continued that path, founded by the "best owner" philosophy, where NKT Holding provides a kind of industrial home for each entity until such time as the may be ready for further development and growth under "better" ownership.

Most recently NKT Holding launched its 2011-2015 strategy "Powered by NKT" focusing on growth and value creation.

International operations

NKT is present all over the world, both with sales offices and with production facilities and factories. NKT Holding A/S, Nilfisk-Advance, Photonics Group and NKT Flexibles are all headquartered in Denmark, whereas the NKT Cables headquarter is located in Cologne

Cologne

Cologne is Germany's fourth-largest city , and is the largest city both in the Germany Federal State of North Rhine-Westphalia and within the Rhine-Ruhr Metropolitan Area, one of the major European metropolitan areas with more than ten million inhabitants.Cologne is located on both sides of the...

, Germany

Germany

Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...

.

Members of the Board of Directors of NKT Holding

• Christian Kjær, Chairman of the Board of Directors
• Jens Due Olsen, Vice Chairman of the Board of Directors
• Jan Erik Jensen, employee elected
• Gunnar Karsten Jørgensen, employee elected
• Arne Dan Kjærulff, employee elected
• Jens Maaløe
• Kurt Bligaard Pedersen
• Lone Fønss Schrøder
• Jan Trøjborg