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Charter International

Charter International plc was a large British engineering business based in London. It was acquired by Colfax Corporation in January 2012.

Charter International plc
Company typePublic (LSE: CHTR)
IndustryEngineering
Founded1965
HeadquartersLondon, 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]
ParentColfax Corporation
Website

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

  1. ^ a b c d Annual Report 2010 July 21, 2011, at the Wayback Machine
  2. ^ a b c d e f Charter International: History December 12, 2008, at the Wayback Machine
  3. ^ No deals please: we are Swedish
  4. ^ Guide to interim management May 10, 2008, at the Wayback Machine
  5. ^ New Jersey incorporated Irish tax resident London listed holding company November 29, 2010, at the Wayback Machine
  6. ^ ESAB Acquired by Colfax Corporation PR Web, 13 January 2012

External links edit

    charter, international, large, british, engineering, business, based, london, acquired, colfax, corporation, january, 2012, plccompany, typepublic, chtr, industryengineeringfounded1965headquarterslondon, ukkey, peoplelars, emilson, chairman, michael, foster, c. Charter International plc was a large British engineering business based in London It was acquired by Colfax Corporation in January 2012 Charter International plcCompany typePublic LSE CHTR IndustryEngineeringFounded1965HeadquartersLondon UKKey peopleLars Emilson Chairman Michael Foster CEORevenue 1 719 6 million 2010 1 Operating income 145 9 million 2010 1 Net income 118 9 million 2010 1 Number of employees12 313 2010 1 ParentColfax CorporationWebsitewww charter ie Contents 1 History 2 Operations 3 References 4 External linksHistory editThe 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 amp 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 editThe company had two main businesses ESAB welding cutting and automation Howden air and gas handlingReferences 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 2012External links editOfficial site Retrieved from https en wikipedia org w index php title Charter International amp oldid 1188166435, wikipedia, wiki, book, books, library,

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