Rotork
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A major contributor to this article appears to have a close connection with its subject. (February 2013) |
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| Type | Public |
|---|---|
| Traded as | LSE: ROR |
| Industry | Engineering |
| Founded | 1957 |
| Headquarters | Bath, Somerset, UK |
| Key people | Roger Lockwood, Chairman Peter France, CEO |
| Revenue | £511.7 million (2012)[1] |
| Operating income | £131.9 million (2012)[1] |
| Net income | £89.3 million (2012)[1] |
| Employees | circa 2,300 (2012) |
| Website | www.rotork.com |
Rotork plc is a British-based manufacturing company. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History
The Company was established as a small engineering workshop in Bristol in the 1940s. In 1945 it was acquired by Frenchay Products led by Jeremy Fry under whose leadership it made its first actuator in 1952.[2] It was first listed on the London Stock Exchange in 1968 as Rotork Controls.[3]
Protech Instruments & Systems, an instrumentation company, was purchased in 1985 to expedite the development of Pakscan, a digital bus control system for actuators.[4]
In 1999 it bought Fluid System Srl, an Italian actuator business, in 2000 it bought Skilmatic in Leeds[4] and in 2002 it acquired Jordan Controls, a United States actuator business.[2] It started operating in Sweden in 2008 with the purchase of Remote Control.[5]
In 2009 the company went on to buy Flow-Quip, a United States-based business.[6] Then in 2010 it acquired Ralph A. Hillier, another American business.[7] In 2011, Rotork Servo Controles de Mexico S.A. de C.V. became fully owned by Rotork after being part-owned since the 1970s. [8] Shortly after Rotork purchased Valco Valves Automation AS, Rotork’s long term sales and service agent in Norway, now renamed Rotork Norway. [9] Rotork has also acquired K-Tork International Inc. based in Dallas and Centork Valve Control S.L., a Spanish actuator manufacturer based near San Sebastián. [10]
In 2011 Rotork came third in the Management Today Most Admired Company awards.[11]
Operations
The company is a designer and manufacturer of industrial valve actuators, control systems, gearboxes and accessories. It is organised into the following businesses: Rotork Controls, Rotork Fluid Systems, Rotork Gears and Rotork Site Services.
References
- ^ a b c Preliminary Results 2012
- ^ a b Rotork Joins The Watch List Motley Fool, 14 August 2003
- ^ London Stock Exchange
- ^ a b Profile of the International Valve Industry: Market Prospects to 2009 By Graham Weaver, p. 159
- ^ Rotork acquires Remote Control Sweden Waste and Watewater, 28 February 2008
- ^ Rotork buys Flow-Quip Controls for $8m IB Times, 9 November 2009
- ^ Rotork acquires Ralph A. Hillier Company VMA, 24 May 2010
- ^ Rotork Acquires Servo Controles de Mexico S.A. de C.V.
- ^ Rotork purchases Valco Valves Automation AS
- ^ Rotork Acquires K-Tork International Inc. and Centork Valve Control S.L.
- ^ "Britain's Most Admired Companies 2011: No. 3 - Rotork". Management Today. 30 November 2011. Retrieved 30 November 2011.
