DMG Mori Aktiengesellschaft
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| Aktiengesellschaft | |
| Traded as | : GIL |
| Industry | Manufacturing |
| Founded | October 1, 1870 |
| Headquarters | Bielefeld, Germany |
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Key people
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| Products | Machine tools |
| Revenue | € 2.229 billion (2014) |
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Number of employees
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7,236 (December 31, 2014) |
| Website | http://www.dmgmori.com |
DMG Mori AKTIENGESELLSCHAFT (name written in capital letters; until September 2013: Gildemeister AG, until June 2015: DMG MORI SEIKI AKTIENGESELLSCHAFT) is one of Germany's largest manufacturers of cutting machine tools and a leading global manufacturer of CNC-controlled Lathes and Milling machines. Products include innovative high-tech machines, industrial services and software and energy solutions. The MDAX technology group has 21 production sites worldwide and 161 international sales and service sites. The company is based in Bielefeld.
On 1 October 1870, locksmith Friedrich Gildemeister founded the ‘Werkzeugmaschinenfabrik (Machine Tool Plant) Gildemeister & Comp’ back in the ‘pioneer days’ in Germany. In the following decades, the plant near the Cologne-Minden train station in Bielefeld was expanded to include several production facilities.
For over 100 years – until 1976 - the company was based where the city hall is now situated. Gildemeisterstraße 60 in Bielefeld has since become the group’s headquarters. Today, 7,236 employees and 261 trainees work for the group worldwide. In 1890, the company had around 100 employees, among them a wages clerk and three technicians to assemble the machines.
In 1899, the former partnership was changed to a public limited company with capital assets of 1 million Goldmarks. In 1920 five engineers founded Maho AG as Mayr, Hoermann & Cie GmbH. In 1993 Freiderich Deckel AG and Maho AG merged. Gildemeister went public in 1950 and at the end of 1969, the company became a public company with a broad spectrum of shareholders. In 1994 Gildemeister AG acquired Deckel Maho AG and was renamed Deckel Maho Gildemeister AG.
In 2002, Gildemeister received approval from the German Stock Exchange for admission to the ‘Prime Standard’. Following restructuring of the German Stock Index in March 2003, the Gildemeister share was listed on the SDAX. At the end of December 2007, Gildemeister AG was included in the MDAX stock index.
In 2008, the Public Prosecutor’s Office initiated proceedings against the Gildemeister AG CEO, Rüdiger Kapitza. The charges brought against him included embezzlement, fraud, corruption and tax evasion. In late summer, the Public Prosecutor’s Office and the Financial Market Authority, BaFin, stopped their unsuccessful investigations into insider trading. However, proceedings continued in other areas. Investigations in Austria were also finally stopped in March 2013 and Kapitza was cleared of suspicion of embezzlement and fraud.
In March 2009, the company signed a cooperation agreement with the Japanese company, Mori Seiki. This agreement allowed the company to further consolidate its sales and service network in global key markets. The cooperation in markets in Taiwan, Thailand, Indonesia and Turkey was followed by the USA and India. Since September 2011, the two companies have continued to further expand their joint market presence in Europe.
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Wikipedia