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FKI (company)
FKI is a British engineering and manufacturing company headquartered in Loughborough, Leicestershire. For many years listed on the London Stock Exchange and a constituent of the FTSE 250 Index, it was taken private by buyout firm Melrose in July 2008. HistoryThe company was founded in 1920 as a manufacturer of parking meters, trading as Fisher Limited. The name was subsequently changed to Fisher Karpark Industries ('FKI'). In 1987 it merged with Babcock International to form FKI Babcock[1] but then demerged the heavy engineering parts of Babcock again in 1989.[2] The company was taken private by buyout firm Melrose in July 2008[3] in a deal worth over £500 million.[4] Organisation and subsidiariesFKI plc has a large number of subsidiaries, which it divides into four groups:
Energy technologyThe Brush group of companies are incorporated into this section, including Brush Turbogenerators manufacturers of mechanical to electrical generation systems,[5] Brush-Barclay and Brush Traction, both involved in rail locomotive manufacture and repair[6] (on 28 February 2011 Wabtec announced that it had acquired Brush Traction for US$31 million)[7] and Brush Transformers which manufactures electrical transformers and switchgear.[8] Other companies in this group are FKI switchgear (now renamed Hawker Siddeley Switchgear Ltd.) which incorporates Brush switchgear, Whipp & Bourne and others.[9] Harrington Generators International (HGI) manufacture generator sets for rail, road, and light commercial and agricultural use, as well as supplying the British Army (MoD) with generators.[10] MarelliMotori also produces electrical generators as well as induction motors.[11] Lifting products and servicesAcco Material Handling manufactures cranes, hoists and other crane components as well as hand trucks.[12] Harris Waste Management Group, Inc manufactures balers and shredders for the waste recycling sector.[13] Welland Forge produces impression die forgings for the automotive, construction, agricultural and recreational markets.[14] HardwareTruth Hardware corporation manufactures commercial window and doors, and fittings.[15] Weber Knapp produces office fittings including counterbalance devices.[16] Former businessesFKI LogistexLogistex produces a full range of item handling automation systems including baggage handling, storage and retrieval systems, conveyors, library systems including RFID solutions, warehousing automation and sorting systems.[17] The company's North American operations were acquired by Intelligrated in June 2009.[18] The European Logistex operations known as Crisplant a/s, who specialized in airport systems, tilt tray and crossbelt sorters, were acquired by BEUMER GmbH in July 2009. References
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