Founded 1947 | ||
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Subsidiaries Retrasib, OTC Services, Inc., Smit Transformatoren B.V., Royal SMIT Transformers B.V., Smit Transformer Sales, Inc. | ||
The SGB-SMIT Group is a manufacturer of power transformers. The company is headquartered in Regensburg, Germany and has production sites in Neumark, Nijmegen (Netherlands)and Nilai (Malaysia). Its 1,500 employees realized an annual turnover of 550,7 million Euro in 2012.
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Company’s history
The SGB-SMIT Group came into being in 2000, when the transformer factory SMIT in Nijmegen, founded by Willem Smit in 1913, joined the SGB Group. At that time, the SGB Group, which emerged from Starkstrom-Gerätebau GmbH/Regensburg in 1947, was a subsidiary of the RWE Group.
In 2004, the SGB-SMIT Group was sold by RWE to the financial investor HCP Capital Group. In 2008, it was taken over by BC Partners.
In April 2012 SGB-SMIT Group took over OTC Services in Louisville/Ohio, a specialist in repair and upgrading of power transformers. OTC will enhance the business of the Group in North America regarding maintenance and repair of small- and medium-sized power transformers.
In November 2014 SGB-SMIT Group expanded by integrating two new members: the Romanian transformer manufacturer RETRASIB from Sibiu and the transformer design company TRAFO PROIECT from Bucharest. With this addition, the group positioned itself to address the markets in Eastern Europe. At the same time, SGB-SMIT Group thus strengthened their product portfolio in the range around 200 MVA.
Products
The company’s range of products extends from large transformers, medium-power transformers, small power transformers, oil distribution transformers and cast-resin transformers via controllable shunt reactors and phase shifters down to Lahmeyer Compact Stations.
The SGB-SMIT Group distributes its products via sales offices and agencies in 42 countries. The company has customers in more than 50 countries.
The Group is managed by Jan Ölscher(CEO) and Dr. Heinrich Uekermann(CFO).