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Leadec Holding
Company typeBV & Co. KG
Industry
Founded1962
HeadquartersStuttgart, Germany
Number of locations
> 350 (2023)
Area served
Worldwide
Key people
  • Markus Glaser-Gallion (CEO)
  • Christian Geißler (CFO)
  • Markus Hucko (COO)
Services
  • Install
  • Support
  • Maintain
  • Engineer
RevenueIncrease €1.24 billion (2023)[1]
Number of employees
Increase > 23,000 (2023)[1]
Websitewww.leadec-services.com

Leadec (formerly Voith Industrial Services) is a German multinational company specializing in technical services for the automotive and manufacturing industries. Headquartered in Stuttgart, the company employs around 23,000 people worldwide. For over 60 years, Leadec has been providing services for major automotive manufacturers, suppliers and other manufacturing companies along the entire value chain. The service provider is based on site at its customers' plants and factories, but also operates at more than 350 of its own locations in a total of 16 countries. In 2023, the Leadec Group generated a combined turnover of more than 1.24 billion euros.[2]

Global presence

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Leadec's headquarters in Stuttgart, Germany
Leadec offices worldwide

Leadec operates in Germany, the US, Canada, France, Mexico, Brazil, India, China, the UK, Austria, Hungary, Poland, the Czech Republic, Slovakia, Portugal and Spain.

Germany is the Company's largest market, accounting for approximately 50% of its revenues. Other key regions include North America with 35%, China and India with 7% each. In addition, Brazil plays a significant role in Leadec's global operations, underscoring its importance in the company's international business strategy.[3]

History

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Origin of the company

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Leadec has its origins in 1962 with the founding of the boiler cleaning company Reichenberger & Co. for the cleaning of heating and water boilers. In the 1960s, a new service was created: external maintenance of machines and systems. The company was renamed Deutsche Industriewartung GmbH, Reichenberger & Co. and from 1985 operated under the name Deutsche Industriewartung GmbH & Co. KG (DIW).[4] In 1986, Salamander and Voith acquired DIW.[5]

In October 2000 the Group Division Voith Industrial Services was founded.[6] In 2000, Voith Industrial Service acquired a stake in Hörmann Industrietechnik. In 2004, Voith Servicos Industriais do Brasil Ltda. was founded.[7] In 2005, the company acquired Premier Manufacturing Support Services, Inc. to strengthen its international position as a partner to the automotive industry.[8][9] This was followed in 2006 by the acquisition of a majority stake in Hörmann Industrietechnik for complex technical industrial services with a focus on the automotive industry.[10]

In August 2014 Helix Systems Inc. with 260 employees and 30 million dollars in sales became part of Voith Industrial Services.[11][12] In September 2014, Voith Industrial Services sold its subsidiary DIW.[13]

In fall 2016 Voith sold its industrial services division to the private equity firm Triton.[14][15] The latter divided the company into two service companies, Leadec and Veltec.[16] Since then, Leadec has been one of Triton's portfolio companies. Under the new owner, Leadec is an independent service company that is fully geared towards the requirements of the service sector and can operate on a customer-specific basis. Veltec was sold to Plant Systems & Services PSS GmbH in November 2018 and focuses on the process industry.[17]

With the acquisition of Diversified Automation in the USA at the end of 2020[18], Leadec entered a new market: logistics and parcel services. This reduced the company's dependence on the automotive industry from 80% to 70% at the time.[19] The acquisition is considered the largest in the company’s history to date.[20]

Phases of Global Expansion

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Leadec's expansion can be divided into three distinct phases. In the 1990s and 2000s, the company focused on entering new markets in Asia and Latin America, including China and Mexico, laying the foundation for its global presence. In the second phase, Leadec strengthened its market position in China by establishing strategic partnerships and expanding its local operations. Currently in its third phase of expansion, the company is focused on helping Asian manufacturers enter the European and North American markets, with a particular emphasis on electric mobility.[3]

New name

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The new Leadec brand was announced on January 23, 2017.[21] The company name is intended to emphasize the company's independence: Leadec is made up of the English words "lead" (lead, leadership) and "tec" (technology).[22]

References

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  1. ^ a b "Leadec global | Press | Fiscal year 2023 – Leadec continues to grow". Leadec Holding BV & Co. KG. 2024-04-04. Retrieved 2024-04-05.
  2. ^ "About the company – Facts & figures". Leadec. Retrieved 2024-03-14.
  3. ^ a b Köster, Klaus (2024-01-01). "Weltmarktführer im Schlepptau der Industrie". Stuttgarter Nachrichten (in German). Retrieved 2025-01-15.
  4. ^ North Data GmbH. "DEUTSCHE INDUSTRIEWARTUNG GMBH & CO. KG., STUTTGART, GERMANY (term.)". North Data. Retrieved 2024-04-11.
  5. ^ Neitzel, Werner (2016-11-29) [1985-12-06]. "SALAMANDER / Diversifikation jenseits der Schuhsparte - Aktienkapital wird erhöht (published in 'Die Welt')". Internet Archive (in German). Axel Springer SE. p. 13. Retrieved 2024-04-11.
  6. ^ Voith Group (2017-01-25). "Leading the Way with Good Ideas – Since 1867 - The Voith History" (PDF). Voith. p. 70. Retrieved 2024-04-11.
  7. ^ Bloomberg L.P. "Company Profile - Voith Servicos Industriais Do Brasil Ltda". Bloomberg. Retrieved 2024-04-11.
  8. ^ EQS Group (2005-03-15). "Dürr AG: Dürr and Voith sign contract for the sale of Premier". EQS News (Ad hoc announcement §15 WpHG). Retrieved 2024-04-11.
  9. ^ Mergr. "Voith Acquires Premier Manufacturing Support Services". Mergr (M & A Deal Summary). Retrieved 2024-04-11.
  10. ^ Voith Group (2017-01-25). "Leading the Way with Good Ideas – Since 1867 - The Voith History" (PDF). Voith. p. 70. Retrieved 2024-04-11.
  11. ^ Voith Group (2014-08-06). "Voith | Press releases | Voith strengthens Automotive business in North American growth market - Acquisition of Helix Systems complements Service Portfolio for America". Voith. Retrieved 2024-04-11.
  12. ^ Mergr. "Voith Turbo KG Acquires Helix Systems". Mergr (M & A Deal Summary). Retrieved 2024-04-11.
  13. ^ Die Welt (2014-09-30). "Voith verkauft DIW Instandhaltung" (in German). Axel Springer SE. Retrieved 2024-04-11.
  14. ^ "Voith | Press releases | Voith schließt Konzernumbau erfolgreich ab und startet gestärkt ins Jubiläumsjahr 2017". Retrieved 2017-11-23.
  15. ^ Handelsblatt (2016-05-09). "Anlagenbauer wird die Hälfte aller Mitarbeiter los" (in German). Handelsblatt Media Group. Retrieved 2024-04-11.
  16. ^ "Industriedienstleister Voith Industrial Services wird Leadec und Veltec", Chemie Technik, 2017-02-13, retrieved 2017-11-23
  17. ^ "Leadec sells Veltec to Plant Systems & Services PSS GmbH". Triton. 2018-11-27. Retrieved 2024-03-12.
  18. ^ Mergr. "Diversified Automation - Ownership and Business Overview". Mergr. Retrieved 2025-01-15.
  19. ^ Frankfurter Allgemeine Zeitung (2021-02-22). "Herr über Hunderte Fabriken". Leadec (in German). Retrieved 2025-01-15.
  20. ^ Harder, Olivia (2021-05-03). "Triton-Investment Leadec: Kein Exit, mehr M&A". FINANCE Magazin (in German). Retrieved 2025-01-15.
  21. ^ "Aus Voith Industrial Services werden Leadec und Veltec". Schwäbische Post (in German). 2017-01-23. Retrieved 2024-03-12.
  22. ^ Stuttgarter Zeitung, Stuttgart, Germany, "Industrie-Dienstleister: Frühere Voith-Tochter will expandieren", Stuttgarter-zeitung.de, retrieved 2017-11-23{{citation}}: CS1 maint: multiple names: authors list (link)
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