Charter International
 | |
| Company type | Public (LSE: CHTR) |
|---|---|
| Industry | Engineering |
| Founded | 1965 |
| Headquarters | London, UK |
Key people | Lars Emilson, Chairman Michael Foster, CEO |
| Revenue | £1,719.6 million (2010)[1] |
| £145.9 million (2010)[1] | |
| £118.9 million (2010)[1] | |
Number of employees | 12,313 (2010)[1] |
| Parent | Colfax Corporation |
| Website | www.charter.ie |
Charter International plc was a large British engineering business based in London. It was acquired by Colfax Corporation in January 2012.
History
[edit]Charter International's origins can be traced back to the British South Africa Company, which was founded in 1889 by Royal Charter.[2] During 1965, on the initiative of Anglo American Corporation, the company merged with The Central Mining & Investment Corporation and The Consolidated Mines Selection Company; the combined company was called Charter Consolidated.[2] Slightly over one-third of the shares of the newly-created company were owned by Anglo American Corporation.[2] At the time of its formation, the firm's assets were mainly mining investments and its strategy was to develop as a mining finance house actively engaged in mineral exploration and the development of mines throughout the world.[2]
Throughout the 1980s, Charter Consolidated gradually disposed of its overseas mining concerns, opting to instead concentrate on its British engineering interests.[2] During 1993, the company's name changed to Charter plc.[2]
In 1994, it acquired ESAB;[3] three years later, the company also acquired Howden.[4]
During early 1999, the company announced that it was seeking to spin out its subsidiary Pandrol Rail Fastenings.[5] Four years later, Pandrol was acquired by Delachaux of France.[6][7]
In 2008, the business was restructured with the creation of a new Irish resident holding company, Charter International plc.[8]
During January 2012, the company was acquired by the American technology business Colfax Corporation.[9]
Operations
[edit]The company had two main businesses:
- ESAB: welding, cutting and automation
- Howden: air and gas handling
References
[edit]- ^ a b c d "Annual Report 2010" (PDF). Charter International. Archived from the original (PDF) on 21 July 2011.
- ^ a b c d e f "History". Charter International. Archived from the original on 12 December 2008.
- ^ "No deals please: we are Swedish". findarticles.com.
- ^ "Guide to interim management". bieinterim.com. Archived from the original on 10 May 2008.
- ^ "Pandrol to be sold". Railway Gazette International. 1 April 1999.
- ^ "Pandrol merges Delachaux brands". International Railway Journal. Retrieved 27 April 2023.
- ^ "Pandrol unifies branding". Railway Gazette International. 17 November 2017.
- ^ "New Jersey incorporated Irish tax resident London listed holding company". Slaughter and May. 8 August 2008. Archived from the original on 29 November 2010.
- ^ "ESAB Acquired by Colfax Corporation". prweb.com. 13 January 2012.
External links
[edit]- Engineering companies of the United Kingdom
- Defunct companies based in London
- Non-renewable resource companies established in 1965
- 1965 establishments in the United Kingdom
- British South Africa Company
- Technology companies disestablished in 2012
- 2012 disestablishments in the United Kingdom
- Tax inversions
- 2012 mergers and acquisitions