User:GNOJED3891/Hansen Transmissions
| Company type | Public |
|---|---|
| Industry | Wind power industry |
| Founded | 1923 |
| Headquarters | , |
Key people | Ivan Brems (CEO and executive director), Lex de Ryck (CFO and executive director) |
| Products | [[transmission (mechanics)]Gearboxes]] |
| Revenue | €609 million (2009)[1] |
 €144 million (2009)[1] | |
| €45 million (2009)[1] | |
Number of employees | 2,400 (end 2009)[1] |
| Website | www.hansentransmissions.com |
Hansen Transmissions is an established global wind turbine gearbox and industrial gearbox designer, manufacturer and supplier, with a leading position (by MW supplied) in the wind turbine gearbox market.
History[edit]
Hansen Transmission's history goes back to 1923, when the company was founded in Antwerp under the name La Mécanique Générale (LMG). The company soon focused on the manufacturing of specialized transmission units, stimulated by the young engineer David Hansen. In 1939 the company moved to its current location in Edegem, to ensure there was sufficient room for future expansions. In 1950, Hansen founded the subsidiary Machinery & Gear Hansen (MGH). A merger of LMG and MGG in 1966 formed today's company, since 1972 under its current name Hansen Transmissions International (HTI). Since 1979, the company increasingly focused on the supply of gearboxes to the growing wind energy generation sector.[2]
After a series of takeovers in the period after 1966, Hansen Transmissions was acquired on March 17th 2006 by Suzlon Energy through its subsidiary, AE-Rotor Holding BV, for € 465 million in cash from Allianz Capital Partners and Apax Partners.[3] The transaction was the second largest foreign acquisition by an Indian company to date.[4] The rationale of the acquisition was to secure access to the crucial supply of gearboxes for the wind turbine manufacturer. Hansen hoped to benefit from the regional knowledge and expertise of Suzlon Energy[1] in its expansions in India.
Yet Suzlon subsequently struggled with a high debt burden.[5] In December 2007, Hansen transmission was listed on the London Stock exchange. Suzlon continued to sell pieces of Hansen Transmissions in the years that followed, most notably in November 2009, selling a 35.22% share to repay an outstanding acquisition loan facility. The remaining share of Suzlon in Hansen is 26.1%, making it the largest shareholder.[6]
Manufacturing locations[edit]
Hansen's main manufacturing facility is located in Lommel in Belgium. The company expanded its manufacturing capabilities in 2008 to up to 6,000MW at a cost of approximately €180 million, mainly raised during the companies IPO in December 2007.[7]
Hansen has recently leased a site in a Special Economic Zone in Coimbatore, India, and has commenced a €270 million project to build an integrated manufacturing plant for the manufacture of wind turbine gearboxes which is expected to reach full capacity in April 2011.
Hansen is also planning the construction of a €200 million integrated manufacturing plant in China for the manufacture of wind turbine gearboxes which is expected to be completed in April 2011. As with the construction of its Indian facility, Hansen expects to leverage the experience gained during the construction and expansion of its Lommel plant.
References[edit]
- ^ a b c d e "Annual Report 2009" (PDF). Hansen Transmissions. Retrieved 2009-12-26.
- ^ Company Website, accessed on December 26th 2009.
- ^ Suzlon Energy acquires Hansen Transmissions, Windtech international, accessed on December 26th, 2009.
- ^ Allianz Capital, Apax sell Hansen Transmissions to Suzlon for 465 mln eur, Forbes, March 22nd 2006, accessed on December 26th 2009.
- ^ Suzlon to sell final slice of Hansen, Financial Times, December 11 2009, accessed on December 26th 2009.
- ^ Suzlon Energy: Inching Ahead, Business Standard, December 22nd 2009, accessed on December 26th 2009.
- ^ Hansen Transmissions shares jump on market debut, Reuters UK, December 6th 2007, accessed on December 26th 2009.