Type Inc. Website www.komaxgroup.com Founded 1975 | Industry Machinery producer Headquarters Dierikon, Switzerland Number of employees 1,138 (2008) | |
Key people Beat Kälin (CEO), Leo Steiner (Chairman of the Board) Products Wire processing machines, photovoltaic assembly systems, medical device assembly systems Revenue 341.9 million Swiss Francs (2008) Stock price KOMN (SWX) CHF 267.50 +1.00 (+0.38%)16 Mar, 5:30 PM GMT+1 - Disclaimer Subsidiaries TSK Prüfsysteme für elektrische Komponenten GmbH | ||
Komax Holding AG is a Swiss manufacturer of machines for wire processing, solar and medical technology. Its headquarters is in Dierikon, near Lucerne, Switzerland.
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Field of activity
As a machinery producer, Komax makes crimp-to-crimp machines for the wire processing market. In addition to this, Komax products include wire cutting and stripping machines and systems for the fully automated manufacture of complete wire harnesses.
In the solar and photovoltaics field, Komax supplies of machines for the production of crystalline ;and thin-film modules, including individual processes such as stringing and integration of entire production lines.
In the medical technology sector, Komax produces, for example, machine systems for the manufacture of inhalers and insulin delivery or injection systems.
The Komax Group operates production facilities in Switzerland, Portugal, France, the United States, Malaysia and China. Komax offers service back-up in over 50 countries. The Group generated net sales of 341.9 million Swiss Francs in 2008.
History
Komax was founded in 1975. Max Koch sets up the Komax engineering company, deriving its name from parts of his own (Koch Max). 1978 Komax converts from sole proprietorship to limited company. In the last 30 years, it grew from a three-men company to a group of approximately 1000 employees, acting worldwide. Komax founded its first subsidiary 1981 in the USA. The first microprocessor driven crimping machine worldwide was introduced by Komax in 1982. Max Koch was awarded in 1987 the Branco Weiss Prize as "Businessman of the Year". In 1991–1995 the company opened branches in Portugal (1991), Germany, Singapore and Brazil (1994). Max Koch sold the company 1996 to management under the leadership of Leo Steiner. 1997 Going public, Komax Holding AG is listed on the SIX Swiss Exchange. In the following years Komax acquired Sibos AG, Switzerland (1998), Ascor, USA (2000) and Prime Automation, USA (2001), Sigma, Switzerland (2005) and Ismeca Automation, Switzerland (2005). 2006 Commencement of production and development in China, subsidiary in Malaysia. Beat Kaelin becomes CEO. In 2008 a new subsidiary was formed in India and from 2009 on, the company reports in the three business units of wire, solar and medical technology.