about us

our brand

over 40 years
of dedication and
entrepreneurship

learn more

the Aalberts way winning with people

be an entrepreneur
We explore and make dreams happen.

We adapt, innovate and focus on our customers’ requirements and give them back so much more than they expect.
take ownership
We are responsible for achieving our own commitments.

Proactive, accountable, and empowered to perform.
go for excellence
We are passionate, self-critical and persistent in everything we do.

We challenge the status quo, push boundaries and think outside the box. And we deliver results.
share and learn
We learn from each other by being professional and open-minded.

We get better every day. We are not afraid of failure. In fact, we embrace it as a valuable stop on the route to success.
act with integrity
We lead by example, act transparently and speak up.

We are professional at all times, and in everything we do.

strategy 2018-2022 'focused acceleration'

remain focused
 
continued focus on businesses, end markets and niche technologies with sustainable profitable growth potential, delivering high added value for our customers
improve technology positions
 accelerate organic growth, increase game changing innovations executing our long-term innovation roadmap, combine our offerings to Key Accounts and strengthen our market positions with mainly bolt-on acquisitions
improve profitability continuously
 relentlessly continue and expand our Operational Excellence Programme through pricing excellence, make or buy decisions, further consolidation of locations, manufacturing and supply chain efficiency improvements
use Aalberts strengths
 
together, winning with people, by exchanging best practices of manufacturing technology, innovations, working methods & know-how utilising our Aalberts brand, global footprint, investment power, acquisition expertise and talented people

lean and effective structure exchange fresh thinking and embrace
new technologies

With over 16,000 employees, Aalberts operates some 70 business locations and 80 service locations with activities in over 50 countries. Our organisational structure of four business segments is covered by some 15 business teams.
The Executive Team is responsible for the leadership of the 15 business teams, best practices exchange through specialised Aalberts networks and driving our strategy 'Focused acceleration' 2018-2022 to achieve our Aalberts objectives. A lean and effective management structure.
The head office with 25 employees including the Management Board, facilitates central functions like strategy, marketing & communications, M&A, business development, group control, legal and governance, treasury, tax, insurance, internal audit and all responsibilities and communications towards our shareholders.
*) Management Board
executive team
Wim Pelsma *
CEO
Arno Monincx *
CFO
Oliver Jäger *
executive director
Marcel Abbenhuis
executive director
Vincent Grangier
executive director
Maarten van de Veen
executive director
André in het Veld
executive director
supervisory board
Martin van Pernis
chairman
Marjan Oudeman
member
Piet Veenema
member
Jan van der Zouw
member

key figures 2014 - 2018 a track record of sustainable, profitable growth

revenue
(in EUR million)
2,201
2014
2,475
2015
2,522
2016
2,694
2017
2,759
2018
operating profit (EBITA)
(in EUR million)
247
2014
272
2015
298
2016
336
2017
366
2018
net profit before amortisation
(in EUR million)
168
2014
190
2015
212
2016
238
2017
275
2018
free cash flow (before interest and tax)
(in EUR million)
222
2014
243
2015
273
2016
310
2017
312
2018
return on capital employed (ROCE)
(in %)
14.1
2014
14.3
2015
14.7
2016
16.2
2017
16.6
2018
earnings per share (before amortisation)
(in EUR)
1.52
2014
1.72
2015
1.92
2016
2.15
2017
2.49
2018

objectives global technology company with clear growth drivers

worldwide leading niche technology positions
in the defined end markets and businesses supported by strong brand names, serving a variety of global end markets
creating sustainable profitable growth
in earnings per share with a good spread in businesses, technologies, end markets and geographical regions with good growth potential
generating high added-value margins
by creating leading niche technology-end market positions, Operational Excellence, providing excellent services to our customers and continuously driving innovations
converting strong operational execution into free cash flow
to reinvest in selected businesses and technologies, with disciplined allocation of capital, to accelerate organic growth, innovations and acquisitions
achieving following financial ratios
average organic revenue growth > 3%
 EBITA margin  > 14%
 ROCE  > 18%
 free cash flow conversion ratio  > 70%
 leverage ratio  < 2.5
 solvability  > 40%

track record enhancing our technology portfolio since 1975

founded in 1975

Jan Aalberts founds Mifa (aluminum precision extrusion) in the Netherlands 

total revenue in 1975
EUR 250 thousand

 

foundation holding

foundation of the holding company Aalberts Industries B.V.

founded
Adex ('77)

quotation Amsterdam Stock Exchange

quotation at the Amsterdam Stock Exchange

acquisitions
Germefa ('86)

total revenue 1987
EUR 22 million

entering new end markets

start industrial services (now Aalberts material technology) by acquiring BGT (surface treatment technology) and first step residential and commercial end market by acquiring VSH in The Netherlands.

acquisitions
Overeem ('88), Kluin ('91), VSH ('91), BGT ('91)

total revenue 1991
EUR 90 million

 

further expansion in Europe

Aalberts acquires companies in Germany, Nordic and Russia.

acquisitions
DSI ('92), Broen ('93), VTI ('93), Mamesta ('95)

total revenue 1995
EUR 170 million

Aalberts goes international

first steps in USA by founding Ionic and acquiring Taprite

acquisitions
Seppelfricke ('96), Härterei Hauck ('97), Nowak ('97), Ionic (founded, '98), Simplex/Roßweiner Armaturen ('98), Taprite ('99), TTI ('99) Flow Control production in Eastern Europe (BROEN Poland)

total revenue 1999
EUR 385 million

European leader connection technology

Aalberts becomes Europe's biggest connection technology manufacturer by acquiring Yorkshire Fittings GBR.

acquisitions
Mogema ('00), HSF ('00), AHC ('01), Meibes ('01), Standard Hidraulica ('01), Acorn ('01), Meibes ('02), H&ST ('02), Traitesa ('02), Yorkshire Fittings ('02), Stålservice AB ('03)

total revenue 2003
EUR 775 million

stronger position in Aerospace end market

 acquisition of SGI and Accurate Brazing enhances footprint in Aerospace end market, promoted to AMX index in 2005

acquisitions
Raufoss Water & Gas ('04), Elkhart Products Corp. ('04), SGI ('05), Accurate Brazing Corporation ('05), Pegler Holdings Limited ('05), Hidroaplicaciones Group S.A ('05), Comap S.A. ('06), Holmgrens ('06), KAN ('07), LASCO Fittings ('07)

total revenue 2007
EUR 1,707 million

further enhancement installation technology footprint

by acquiring Henco Industries in Belgium and Conbraco Industries in North America.

acquisitions
IDE ('08), Duralloy ('08), Cotterlaz ('08), Henco ('08), Zawgaz ('08), Conbraco ('10),  Lamers High Tech Systems ('11), DEC SA ('11), Galvanotechnik Baum ('11)

total revenue 2011
EUR 1,937 million

strengthening climate and material technology

with acquisition of Nexus Valve, Flamco and Impreglon, promoted to AEX index in 2015

acquisitions
BSM Valves ('12), GF-Flamm-Metallspritz-GmbH ('13), GtO Slovakia ('13), Nexus Valve ('14), Flamco ('14), Impreglon ('14), VENTREX ('15)

total revenue 2015
EUR 2,475 million

further enhancing niche technology portfolio

with multiple niche bolt-on acquisitions

acquisitions
Ushers ('16), Schroeder ('16), Tri-Went ('16), Shurjoint ('16), Vin Service ('17), Pneutec ('17),  PEM ('18), VAF ('18),  RMF ('18), Co-Planar ('18), PPC ('19), Applied ('19)

total revenue 2018
EUR 2,759 million