EDAG

Last updated
EDAG Engineering Group AG
Type AG
Headquarters
Arbon
,
Switzerland
Number of locations
More than 60 (2023)
Area served
Worldwide
Key people
Cosimo De Carlo (CEO), Holger merz (CFO),
Georg Denoke (VR President)
Revenue796 Million Euro (2022)
Number of employees
8,412 (2022) [1]
Divisions New product development, automotive subcontractor, aerospace
Subsidiaries EDAG Engineering GmbH
EDAG Production Solutions GmbH & Co. KG
Website www.edag.com

EDAG Engineering Group AG (short Edag, own spelling EDAG) is an international corporate group active in the Engineering services sector. [2] Since 2015, it has been based in Arbon, Canton Thurgau, Switzerland. The EDAG Group is one of the world's largest independent development partners to the automotive industry and aviation industry.

Contents

The holding which incorporated the company was founded in Germany during 1969. During 1987, EDAG Group's first overseas branch office was opened in Martorell (Barcelona), Spain. Since incorporation, its structure has been changed several times, including operations as an Aktiengesellschaft, a joint-stock company and a Kommanditgesellschaft auf Aktien. The main operational company of the EDAG Group is EDAG Engineering GmbH, which is based in Wiesbaden, Germany. By November 2018, the company was reportedly operating from 60 sites across 19 countries. [1] It is active in the fields of product development, production plant development, plant engineering, limited series manufacturing, modules, and optimization. [2]

History

On 1 February 1969, the company Eckard Design was founded by Horst Eckard in Groß-Zimmern, outside Darmstadt. The firm's first customer was the car manufacturer Ford at their works in Cologne; the firm's first offices were also established in this city. [3] Before the end of its first year, another customer in the form of local car manufacturer BMW had also been acquired. By the end of 1969, Eckard Design employed a total of eight staff members, some of whom would become key officials of the business for the next 30 years. [3]

During 1970, a new head office was opened in Fulda; the city's central location meant that Eckard Design's headquarters were never more than 300 km away from any of the domestic car manufacturers. [3] Two years later, additional offices in neighbouring Steinau were also secured; that same year, turnover breached DM 2 million for the first time. In 1973, Volkswagen became a customer of the firm, while turnover rose to DM 3.3 million. [3] During the following year, the company was reorganised as Eckard Design GbR; it also completed its first acquisition, that being of the Mücke-based manufacturing company FFT. In 1975, vehicle manufacturer Opel became a client of Eckard Design, while a major order for Karmann was placed during the following year. [3] During the late 1970s, a close working relationship with Audi also developed. [3]

In 1981, company turnover exceeded DM 20 million for the first time; the Fulda office was enlarged during the following year. [3] In 1983, Eckard Design began investing in computer-aided design (CAD) technology in line with clients such as Audi. Headcount reached 250 during 1984, while the firm's offices continued to expand. [3] Since 1986, the firm has also been involved in the construction of prototypes at its own experimental shop in Fulda. One year later, the company launched its first international activities, deciding to open its first overseas branch office in Martorell (Barcelona), Spain. [3] During 1989, its 20th anniversary, turnover breached the DM 100 million milestone; the same year, the company received its first order from Italian luxury car specialist Ferrari. [3]

During the early 1990s, considerable investment was directed into growth into the international automotive market. [3] During 1992, the company's Rechtsform was reorganised, when it became an Aktiengesellschaft and the name Edag Engineering + Design AG came into being.[ citation needed ] In 1998, EDAG was the first automotive service provider to be admitted to the Verband der Automobilindustrie (English: Association of the German Automotive Industry). During 2004, FFT Flexible Fertigungstechnik GmbH & Co. KG, which is presently called FFT Produktionssysteme GmbH & Co. KG, was integrated into the company. In February 2006, Lutz Helmig, owner of Aton GmbH and founder of the Helios-Kliniken, purchased EDAG from the nine founding families. In 2007, personnel service provider ED Work GmbH & Co. KG was founded.[ citation needed ]

As a result of the takeover by Aton GmbH, the legal form of the company changed on 11 January 2008 from a joint-stock company to a Kommanditgesellschaft auf Aktien. [4] A further consequence of the re-structuring was that directors Klaus Blickle and Jürgen Böhm left the company on 8 April 2008, and were replaced by long-standing managers Jörg Ohlsen, Manfred Hahl and Rainer Bauer. [5] As a consequence of the merger with Rücker GmbH during early 2014, the executive board was re-structured, while the head office was transferred to Wiesbaden. Since March 2015, EDAG has been operating under the name EDAG Engineering GmbH. With the listing of EDAG Engineering Group AG on the German stock exchange in Frankfurt am Main (Prime Standard), ISIN 0303692047, EDAG Engineering GmbH became part of EDAG Engineering Group AG.[ citation needed ]

The vast majority of EDAG Group's revenue has typically been derived from its activity in the automotive sector, comprising 62 percent of turnover during 2017; other major contributors to turnover include its electronics businesses, contributing 20 percent that year, as well as a further 18 percent from production solutions activities for that same year. [1] According to market analysts Edison Group, EDAG has been increasingly moving its activities into the international market in recent years; however, it has been facing increasingly intensive competition from rivals on the global stage. [1]

For several decades, EDAG has been active throughout the aerospace sector. [6] During the early 2000s, aircraft manufacturer AvCraft contracted EDAD to produce wing tooling for a new final assembly line at Oberpfaffenhoffen for the Fairchild-Dornier 328JET. [7] [8] The company has acted as an intermediate party between various other suppliers and the multinational aerospace conglomerate Airbus. [9]

Offices

The branch offices on five continents are mostly located at important sites of partner industries.

Selection of sites in Germany
Aachen, Eisenach, Fulda, Hamburg, Ingolstadt, Cologne, Leipzig, Munich, Rostock, Ulm, Wolfsburg
Selection of sites in Europe
Worldwide

Automotive industry

EDAG is noted for its concept cars such as EDAG Biwak estate concept on the Beetle, the EDAG Pontiac Solstice Hardtop and the EDAG Show Car No. 8 based on Smart mechanicals. EDAG has conducted design work for the application of 3D-printing (additive manufacturing) technology under their "Genesis project", in which Fraunhofer, Laser Zentrum Nord and DMRC Paderborn participated. [10]

EDAG Show Car No. 8 Edag Number 8.JPG
EDAG Show Car No. 8
EDAG Light Car Sharing 2013-03-05 Geneva Motor Show 7959.JPG
EDAG Light Car Sharing

Concept Cars and Prototypes

Source: edag.de [11]

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References

  1. 1 2 3 4 . Edag Group. March 2023 https://www.edag.com/en/edag-group/investor-relations/financial-calendar/news-detail?tx_irdata_irdata%5Baction%5D=show&tx_irdata_irdata%5Bid%5D=748c8758-bc43-4cae-925b-5c7003d783ce&cHash=d2ec6621b4bba9dbe0068e419f3a07fd.{{cite web}}: Missing or empty |title= (help)
  2. 1 2 "EDAG Engineering Group AG". Bloomberg . Retrieved 1 May 2020.
  3. 1 2 3 4 5 6 7 8 9 10 11 "EDAG - 40 Years: Company History 1969 - 2009" (PDF). edag-engineering.de. 2009.
  4. ↑ "EDAG GmbH & Co. KGaA - Change in legal form of EDAG". 19 April 2008. Archived from the original on 19 April 2008. Retrieved 12 October 2016.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  5. ↑ "EDAG GmbH & Co. KGaA - New Appointments to EDAG Executive Board". 7 August 2008. Archived from the original on 7 August 2008. Retrieved 12 October 2016.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  6. ↑ "Aircraft interiors EXPO: Cooking into the future". Flight International. 3 April 2008.
  7. ↑ "AvCraft brings 328Jet wing assembly in-house". Flight International. 20 April 2004.
  8. ↑ "Second chance". Flight International. 27 July 2004.
  9. ↑ Derber, Alex (22 July 2010). "FARNBOROUGH: Victorian aerospace trio debut at show". Flight International.
  10. ↑ Newman, John (1 January 2015). "3D Printing Advances Design". Manufacture. Desktop Engineering. Dublin, New Hampshire, United States: Peerless Media. Designing the Future.
  11. ↑ "Concept Cars". on www.edag.de. Retrieved 18 November 2015.
  12. ↑ "EDAG Light Cocoon: World premiere in Geneva 2015". edag.de. 27 January 2015.
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