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Aalberts
Aalberts N.V. is a Dutch company and was founded under its former name Aalberts Industries by Jan Aalberts in 1975 and became public in 1987. The company was part of AEX from 2015 to 2020 and is currently listed in the AMX. Biggest shareholders are family Aalberts, FMR, Capital Group, Invesco, BlackRock, Impax Asset Management, BNP Paribas Asset Management, New Perspective Fund.[2] Turnover in the year 2023 was €3.3 B euro.[3] Aalberts engineers mission-critical technologies enabling a clean, smart and responsible future. Aalberts has over 14,402 employees, 135 locations with activities in over 50 countries and operates four mission-critical technology clusters in four end markets: eco-friendly buildings, semiconductor efficiency, sustainable transportation and industrial niches.[4] And has four technology focuses: hydronic flow control, integrated piping systems, advanced mechatronics and surface technologies.[5] In 2006, Aalberts was fined over €100 million by the European Commission for allegedly being part of a cartel for copper fittings. Aalberts appealed the decision and in 2011 the European Court of Justice acquitted Aalberts. However, the European Commission appealed that ruling. In July 2013, the Court finally acquitted Aalberts on appeal. The company has always denied involvement in the cartel and never made any provision for the fine.[6] The company was a component in AEX from 23 March 2015 to 23 March 2020. From 24 March 2021, it will be part of the AMX index. Shareholders with an interest of more than five percent are: Aalberts family 13.27%, FMR LLC 10.0%, Capital Group 9.92% and Invesco 5.04%.[7] CriticsAalberts has faced scrutiny due to its business operations in Russia, which accounted for less than 1% of its revenue in the region, while Eastern Europe contributed 11%. Following geopolitical tensions, the company stated its intention to continue operations in Russia at a "lower" level and postpone new investments. This decision reflects the company's response to the ongoing situation, aiming to manage risk while maintaining operations in the region[8]. Acquisitions & Mergers
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