Rheinmetall

Rheinmetall.svg

Rheinmetall AG has a presence in two corporate sectors (automotive and defence) with six divisions, and is headquartered in Düsseldorf, Germany. In fiscal 2017, the company's 23,726 employees generated sales of €5.896 billion. Rheinmetall was the tenth-largest European defence contractor in 2011.[2]

The Group's Automotive segment had sales in fiscal 2017 of €2.861 billion, while sales of its Defence segment for the same period came to €3.036 billion.[2]

Rheinmetall AG is listed on the German MDAX; its shares are traded on all German stock exchanges.[2]

As Rheinische Metallwaren- und Maschinenfabrik AG, the now Rheinmetall AG was founded in April 1889 in Düsseldorf by Heinrich Ehrhardt and his associates to take on a contract that Hörder Bergwerks- und Hüttenverein (a munitions company) could not fulfill. In 1901 Dreysesche Gewehrfabrik, Munitions- und Waffenfabrik was acquired.[3][4]

After World War I, as a result of the limitations imposed upon Germany in the Treaty of Versailles, Rheinmetall produced non-military items including locomotives, steam ploughs and office equipment.[3][4]

Military production recommenced in 1921, and in 1925, the Reich acquired a majority stake of the company. The railway locomotive manufacturer August Borsig GmbH was taken over in 1933; in 1936 the two merged to create Rheinmetall-Borsig AG.[4] In 1938 the company headquarters moved from Düsseldorf to Berlin.[3]

In 1956 a majority stake in Rheinmetall-Borsig AG was acquired by the Röchling Group. Borsig AG was sold to Salzgitter AG and the company name changed to Rheinmetall-Borsig AG to Rheinmetall Berlin AG. Defence-related production would also start again in 1956, the first product being the MG 42. In 1958 diversification into the mechanical engineering and electronics fields occurred and during 1979-1981 these non-defence sectors were thoroughly restructured. Carburetor manufacturer Pierburg GmbH was taken over in 1986 and the current Automotive sector was created.[3][5]

This page was last edited on 11 July 2018, at 15:32 (UTC).
Reference: https://en.wikipedia.org/wiki/Rheinmetall-Borsig under CC BY-SA license.

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