Who Owns Kendrion Company?

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Who Really Owns Kendrion?

Delving into Kendrion SWOT Analysis reveals a company undergoing significant transformation. Understanding the Kendrion ownership structure is key to grasping its strategic direction and future potential. The recent divestiture of its automotive business highlights the dynamic changes shaping this industrial solutions provider.

Who Owns Kendrion Company?

From its roots in 1911 to its current focus on Industrial Brakes and Actuators, Kendrion's evolution is a fascinating study in corporate strategy. This analysis explores the Kendrion shareholders, key Kendrion investors, and the impact of these stakeholders on the company's performance. Examining the Kendrion stock and its movements provides valuable insights into the company's financial health and future prospects, making it a crucial topic for anyone interested in the Kendrion company.

Who Founded Kendrion?

The story of Kendrion, or rather, its precursor, began in 1911. Wilhelm Binder, at the young age of 20, established W. Binder company in Villingen, Germany. This marked the genesis of what would become a significant player in the precision components and electromagnetics sector.

Initially, Binder partnered with Rudolf Moog, starting with an investment valued at 8,500 Deutschmark. The early vision was clear: to design and market high-quality precision components. This foundational commitment to quality and innovation set the stage for future developments.

Binder's early focus on precision engineering and his subsequent fascination with electromagnetic induction were pivotal. These interests shaped the company's trajectory, leading to exponential growth and the acquisition of over 40 patents. The transition to electromagnetics would eventually define Kendrion's core business.

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Early Partnership

Wilhelm Binder and Rudolf Moog co-founded the company in 1911.

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Initial Investment

The initial equipment value was 8,500 Deutschmark.

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Focus Shift

After World War I, the company shifted its focus to electromagnetics.

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Growth Phase

By the mid-1930s, the company employed around 400 people.

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Leadership Transition

Dr. Wilhelm Binder Jr. took over management in 1953 after his father's death.

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Key Patents

The company secured over 40 patents, highlighting its innovation.

While the specifics of early Kendrion ownership beyond the initial partnership are not fully detailed in the available information, the focus on precision and electromagnetics is clear. For more details on the company's evolution, you can read a Brief History of Kendrion. The company's history shows a consistent commitment to innovation and expansion, which has shaped its current status and market position. The Kendrion company has grown significantly since its inception, adapting to market changes and technological advancements. Understanding the Kendrion company history provides insights into its strategic decisions and market approach. The Kendrion investors and Kendrion shareholders today benefit from a legacy built on early innovation and a focus on quality.

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How Has Kendrion’s Ownership Changed Over Time?

The ownership structure of Kendrion N.V., a Dutch public company listed on the Amsterdam Small Cap Index (AScX), is primarily influenced by institutional investors. As of December 31, 2024, the company had a total of 15,500,057 ordinary shares issued, each with a nominal value of EUR 2.00. This structure is crucial for understanding the company's strategic direction and financial stability.

A significant event impacting Kendrion's strategic focus and, indirectly, its ownership, was the sale of its Automotive business to Solero Technologies in 2024. This strategic shift, aimed at repositioning Kendrion as a pure-play industrial solutions provider, is designed to drive sustained growth and investment in industrial sectors. This move may influence the future composition of Kendrion shareholders and investors, as the company refines its market position.

Shareholder Percentage Holding Shares Held Reporting Date
Teslin Capital Management BV 19.93% 3,150,000 May 13, 2025
Van Lanschot Kempen Investment Management N.V. 14.66% 2,317,000 December 30, 2024
Cross Options Beheer BV 5.23% 826,153 December 30, 2024
Keijser Capital Asset Management BV 3.08% 487,344 December 30, 2024
Fidelity International Ltd 2.87% 454,085 October 23, 2023
T. Rowe Price Group, Inc. 2.86% 451,764 December 30, 2023
Invesco Ltd. 1.81% 285,701 January 9, 2024
Dimensional Fund Advisors LP 1.60% 253,236 April 29, 2025

Understanding the Kendrion ownership structure is essential for investors and stakeholders. The major Kendrion shareholders significantly influence the company's strategic decisions. For more insights, consider reading about the Growth Strategy of Kendrion.

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Who Sits on Kendrion’s Board?

The current governance structure of Kendrion N.V. includes both an Executive Board and a Supervisory Board. The Executive Board is composed of Joep van Beurden as Chief Executive Officer and Jeroen Hemmen as Chief Financial Officer. The Supervisory Board oversees the company's operations and includes members such as Frits J. van Hout (Independent Chairman), Mirjam Baijens (Independent Member), Erwin M. Doll (Independent Member), and Everien H. Slijkhuis (Independent Member).

Frits van Hout, appointed in 2021, serves as the Chairman of the Supervisory Board. This structure ensures a balance of operational leadership and independent oversight, crucial for strategic decision-making and corporate governance. Understanding the composition of the board is key to understanding Kendrion ownership and the direction of the company.

Board Member Position Role
Joep van Beurden Chief Executive Officer Executive Board
Jeroen Hemmen Chief Financial Officer Executive Board
Frits J. van Hout Independent Chairman Supervisory Board
Mirjam Baijens Independent Member Supervisory Board
Erwin M. Doll Independent Member Supervisory Board
Everien H. Slijkhuis Independent Member Supervisory Board

As of December 31, 2024, Kendrion had 15,500,057 issued shares. The authorized share capital is EUR 80,000,000, divided into 40,000,000 ordinary shares. The Annual General Meeting of Shareholders on April 15, 2024, addressed key resolutions, including financial statements and dividend proposals. The voting structure is typically one-share-one-vote, indicating a straightforward approach to shareholder voting power. For more insights into the company's strategic direction, you might find the Target Market of Kendrion article useful.

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Key Takeaways on Kendrion's Governance

Kendrion's governance structure is designed for effective oversight and strategic decision-making.

  • The Supervisory Board provides independent oversight.
  • The Executive Board manages day-to-day operations.
  • Shareholders influence decisions through their voting power.
  • Understanding the board and voting structure is crucial for Kendrion investors.

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What Recent Changes Have Shaped Kendrion’s Ownership Landscape?

Over the past few years, the ownership structure of the Kendrion company has seen notable shifts. A significant development in 2024 was the divestment of its Automotive business in Europe and the US to Solero Technologies for €65 million. This strategic move has reshaped Kendrion into a pure-play industrial company, focusing on its Industrial Brakes and Industrial Actuators and Controls segments. This repositioning aims to streamline operations and sharpen its focus on electromagnetic systems.

In terms of financial performance, in Q1 2025, Kendrion reported a 4% increase in revenue, reaching EUR 78.1 million compared to Q1 2024. The Industrial Brakes segment saw a 7% revenue increase, while Industrial Actuators and Controls experienced a decline. The Mobility segment increased by 25% to EUR 18.4 million in Q1 2025, driven by project ramp-ups in China. The company's normalized EBITDA reached EUR 10.8 million in Q1 2025, a 7% increase compared to Q1 2024, with an EBITDA margin of 13.8%. Kendrion's dividend policy aims to distribute between 35% and 50% of its normalized net profit before amortization. The proposed dividend of EUR 0.45 per share for 2024 was adopted at the Annual General Meeting of Shareholders on April 14, 2025.

Metric Q1 2025 Q1 2024
Revenue (EUR million) 78.1 75.1
Normalized EBITDA (EUR million) 10.8 10.1
EBITDA Margin 13.8% 13.5%
Net Debt (EUR million) 97 103 (Year-End 2024)

The company's focus on its core industrial segments, coupled with its dividend policy, reflects its commitment to delivering value to Kendrion shareholders and investors. While insider buying activities have been observed, the company's buyback yield was 0.00% as of June 5, 2025. The company anticipates that trading conditions in Q2 2025 will be largely consistent with those of Q1 2025.

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The divestment of the Automotive business in 2024 for €65 million has repositioned Kendrion as a pure-play industrial company.

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Q1 2025 revenue increased by 4% to EUR 78.1 million, with normalized EBITDA reaching EUR 10.8 million.

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Kendrion aims to distribute between 35% and 50% of its normalized net profit before amortization.

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The company's buyback yield was 0.00% as of June 5, 2025, reflecting current market dynamics and investor sentiment.

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