Wacker Construction Equipment AG
Encyclopedia
Wacker Neuson SE, is a global company, that develops, produces and sells construction equipment and offers the accordant services.
The company was founded in 1848 and has now more than 30 affiliates and over 180 sales and service offices.
The headquarters of the company is located in Munich
, Germany. Wacker Neuson SE was floated on the German Stock Exchange in May 2007 and is now listed in the SDAX
.
This development was interrupted at the end of world war II because of the total loss of the facility. In 1945, the headquarter was moved to Munich and the business went on. The first subsidiary was founded in Hartforf (Wisconsin, USA) in 1957, which later moved to Milwaukee, where today a production and logistic facility is located. Later on, the company expanded its international presence and today has over 30 affiliates and more than 180 sales and services offices.
The reorganization of the company from a German GmbH to Wacker Neuson Construction Equipment AG took place in 2002. Until 2005 the company developed, produced and sold just smaller construction equipment (light equipment) up to 3 tons in the strategic business fields Concrete technology, Soil and Asphalt Compaction, Demolition and Utility. With the acquisition of Weidemann GmbH in 2005 the company moved into the market of compact equipment and farming branch. The Swiss company Drillfix AG and Ground Heater Inc. were bought in 2006.
Wacker Neuson SE was floated on the German Stock Exchange in May 2007 and is now listed in the SDAX.
At October, 31st 2007 the merger with Neuson Kramer Baumaschinen AG (Linz, Austria) took place. The Neuson Kramer Baumaschinen GmbH originally created in 2001 by the merger of Neuson Baumaschinen GmbH and the Kramer-Werke GmbH.
In February 2007 the change of legal form from Wacker Construction Equipment AG to Wacker Neuson SE took place.
Wacker Neuson has divided its activities into three regions (USA; Europe; Asia). The company is divided into the business field:
The company was founded in 1848 and has now more than 30 affiliates and over 180 sales and service offices.
The headquarters of the company is located in Munich
Munich
Munich The city's motto is "" . Before 2006, it was "Weltstadt mit Herz" . Its native name, , is derived from the Old High German Munichen, meaning "by the monks' place". The city's name derives from the monks of the Benedictine order who founded the city; hence the monk depicted on the city's coat...
, Germany. Wacker Neuson SE was floated on the German Stock Exchange in May 2007 and is now listed in the SDAX
SDAX
The SDAX is a stock market index composed of 50 small and medium-sized companies in Germany. These so-called small caps rank directly below the MDAX shares in terms of order book volume and market capitalization...
.
History
The company was founded in 1848 by Johann Christian Wacker as a small blacksmith in Dresden and started in 1875 with industrial production. In 1930, the engineers developed the high frequency technology for internal vibrators. At the same time, the first electric rammer is developed and produced, an innovation in concrete and soil compaction.This development was interrupted at the end of world war II because of the total loss of the facility. In 1945, the headquarter was moved to Munich and the business went on. The first subsidiary was founded in Hartforf (Wisconsin, USA) in 1957, which later moved to Milwaukee, where today a production and logistic facility is located. Later on, the company expanded its international presence and today has over 30 affiliates and more than 180 sales and services offices.
The reorganization of the company from a German GmbH to Wacker Neuson Construction Equipment AG took place in 2002. Until 2005 the company developed, produced and sold just smaller construction equipment (light equipment) up to 3 tons in the strategic business fields Concrete technology, Soil and Asphalt Compaction, Demolition and Utility. With the acquisition of Weidemann GmbH in 2005 the company moved into the market of compact equipment and farming branch. The Swiss company Drillfix AG and Ground Heater Inc. were bought in 2006.
Wacker Neuson SE was floated on the German Stock Exchange in May 2007 and is now listed in the SDAX.
At October, 31st 2007 the merger with Neuson Kramer Baumaschinen AG (Linz, Austria) took place. The Neuson Kramer Baumaschinen GmbH originally created in 2001 by the merger of Neuson Baumaschinen GmbH and the Kramer-Werke GmbH.
In February 2007 the change of legal form from Wacker Construction Equipment AG to Wacker Neuson SE took place.
Brands
The company trades under several brands.- KramerAllradKramer CompanyKramer Werke GmbH is a manufacturer of compact construction machines, located in Pfullendorf .- History :In 1925 the brothers Kramer started to develop and produce mowing machines and Tractors in Gutmadingen, Germany. These were the first ones built in Germany and a revolution in agricultural work...
- Compact loaders - Neuson - compact machinery - Dumpers an mini excavators
- Wacker - Compaction machinery
- Weideman - Compact loaders
Business activity
Wacker Neuson is a manufacturer of compact equipment, such as Compaction equipment (rollers, rammers and vibarting plates), Excavators, Wheel Loaders, Telescopic Wheel Loaders, Skid-Steer-Loaders and Dumpers.Wacker Neuson has divided its activities into three regions (USA; Europe; Asia). The company is divided into the business field:
- Light Equipment up to three tons
- Compact Equipment up to 14 tons.