 | |
| Company type | Public (LSE: CHTR) |
|---|---|
| Industry | Engineering |
| Founded | 1965 |
| Headquarters | London, UK |
Key people | Lars Emilson, Chairman Michael Foster, CEO |
| Revenue | £1,719.6 million (2010) [1] |
| £145.9 million (2010) [1] | |
| £118.9 million (2010) [1] | |
Number of employees | 12,313 (2010) [1] |
| Parent | Colfax Corporation |
| Website | www.charter.ie |
Charter International plc was a large British engineering business based in London. It was acquired by Colfax Corporation in January 2012.
The British South Africa Company was founded in 1889 by Royal Charter. [2] On the initiative of Anglo American Corporation it merged in 1965 with The Central Mining & Investment Corporation and The Consolidated Mines Selection Company to form Charter Consolidated. [2] Slightly over one-third of the shares of the new company were owned by Anglo American Corporation. [2] Its assets were mainly mining investments and its strategy was to develop as a mining finance house actively engaged in mineral exploration and the development of mines throughout the world. [2]
In the 1980s, Charter Consolidated disposed of its overseas mining concerns to concentrate on its British engineering interests. [2]
In 1993, the company's name changed to Charter plc. [2]
In 1994, it acquired ESAB [3] and in 1997 it acquired Howden. [4]
In early 1999, the company announced that it was seeking to spin out its subsidiary Pandrol Rail Fastenings. [5] Four years later, Pandrol was acquired by Delachaux of France. [6] [7]
In 2008, the business was restructured with the creation of a new Irish resident holding company, Charter International plc. [8]
The company was acquired by Colfax Corporation, an American company, in January 2012. [9]
The company had two main businesses:
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