Charter International plc was a large British engineering business based in London. It was acquired by Colfax Corporation in January 2012.
 | |
| 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 |
History edit
The British South Africa Company was founded in 1889 by Royal Charter.[2] On the initiative of Anglo American Corporation it merged in 1965 with The Central Mining & Investment Corporation and The Consolidated Mines Selection Company to form Charter Consolidated.[2] Slightly over one-third of the shares of the new company were owned by Anglo American Corporation.[2] Its 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]
In the 1980s Charter Consolidated disposed of its overseas mining concerns to concentrate on its British engineering interests.[2]
In 1993 the company's name changed to Charter plc.[2]
In 1994 it acquired ESAB[3] and in 1997 it acquired Howden.[4]
In 2008 the business was restructured with the creation of a new Irish resident holding company, Charter International plc.[5]
The company was acquired by Colfax Corporation, an American company, in January 2012.[6]
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 Archived July 21, 2011, at the Wayback Machine
- ^ a b c d e f Charter International: History Archived December 12, 2008, at the Wayback Machine
- ^ No deals please: we are Swedish
- ^ Guide to interim management Archived May 10, 2008, at the Wayback Machine
- ^ New Jersey incorporated Irish tax resident London listed holding company Archived November 29, 2010, at the Wayback Machine
- ^ ESAB Acquired by Colfax Corporation PR Web, 13 January 2012