About us

The Aalberts way

Winning with people

Be an entrepreneur

We explore and make dreams happen. We adapt and innovate with a clear focus on our customers.

Take
ownership

We are responsible for achieving our own commitments.

Go for excellence

We are passionate, self-critical and persistent in everything we do. And we deliver results.

Share
and learn

We learn from each other by being professional and open-minded. We get better every day.

Act with integrity

We lead by example, act transparently and speak up.

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

Structure

Lean and effective structure helps us
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, finance reporting, governance, legal, treasury, tax, insurance, audit and all responsibilities and communications towards our shareholders.


*) Management Board

Executive Team

Wim Pelsma *

Wim Pelsma *

CEO


John Eijgendaal *

John Eijgendaal *

CFO


Oliver Jäger *

Oliver Jäger *

Executive Director


Arno Monincx *

Arno Monincx *

Executive Director


André in het Veld

André in het Veld

Executive Director


Maarten van de Veen

Maarten van de Veen

Executive Director


Marcel Abbenhuis

Marcel Abbenhuis

Executive Director

Supervisory Board

Martin van Pernis

Chairman


Marjan Oudeman

Member


Piet Veenema

Member


Jan van der Zouw

Member

Key Figures 2016

Generating high-added-value margins

Revenue

(in EUR million)

2,025
2012
2,040
2013
2,201
2014
2,475
2015
2,522
2016
2,522
+2%

Operating profit
(EBITA)

(in EUR million)

219
2012
225
2013
247
2014
272
2015
298
2016
298
+10%

Net profit
(before amortisation)

(in EUR million)

152
2012
152
2013
168
2014
190
2015
212
2016
212
+12%

Earnings per share
(before amortisation)

(in EUR)

1.40
2012
1.38
2013
1.52
2014
1.72
2015
1.92
2016
1.92
+12%

Free cash flow

(in EUR million)

168
2012
175
2013
222
2014
243
2015
273
2016
273
+12%

Return on capital employed
(ROCE)

(in %)

14.7
2012
14.6
2013
14.1
2014
14.3
2015
14.7
2016
14.7
+3%

Show more figures

Global footprint

We operate from 146 business locations in 22 countries

Objectives

Global technology company with clear growth drivers

Worldwide leading niche technology positions
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
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
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
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
Financial<br>objectives
Financial
objectives

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 (aluminium precision extrusion) in Venlo NL

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 by acquiring BGT (surface treatment technology) in Eindhoven NL (name changed into AHC Benelux). First step on Building Installations end market by acquiring VSH in Hilversum in The Netherlands.

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

Total revenue 1991
EUR 90 million

 

Further expansion in Europe

Aalberts Industries acquires companies in Germany, Nordic and Russia.

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

Total revenue 1995
EUR 170 million

Aalberts Industries goes international

First steps in USA by founding Ionic and acquiring Taprite

Founded
Ionic ('98)

Acquisitions
Seppelfricke ('96), Härterei Hauck ('97), Nowak ('97), 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 Industries becomes Europe's biggest connection technology producer 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

With acquisition of SGI and Accurate Brazing

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

Enhancement plastic technology and North America

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 global footprint

With acquisition of Nexus Valve, Flamco and Impreglon.

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

Futher strengthening focus end markets


Acquisitions
Ushers ('16), Schroeder ('16), Tri-Went ('16), Shurjoint ('16), Vin Service ('17), Pneutec ('17)

Total revenue 2016
EUR 2,522 million