VAT Group

Last updated

Company

VAT Group AG
Company type Public limited company
ISIN CH0311864901
Industry Vacuum technology
Founded1965 in Flawil, St. Gallen, Switzerland
Headquarters
Haag, Sennwald
,
Switzerland
Key people
Urs Gantner (CEO)
Dr. Martin Komischke (Chairman of the Board of Directors)
RevenueNet sales CHF 885 million (2023)
Net profit CHF 190 million (2023)
Number of employees
2’666 (FTE, 2023)
Website vatvalve.com

VAT Group AG [1] (hereinafter VAT, commercial register entry: VAT Vakuumventile AG [2] ) is an internationally active Swiss company for high-performance vacuum valves that has been listed on the SIX Swiss Exchange since 2016. VAT is headquartered in Haag in the canton of St.Gallen (Switzerland). It has representatives in 29 countries and production sites in Haag, Penang (Malaysia) and Arad (Romania).

Contents

VAT generated net sales of CHF 885 million in 2023 [3] and an EBITDA margin of 30.6. The most important export regions are Asia with 61%, the USA with 22% and EMEA with 17% of net sales. The VAT Group employed end of 2023 about 2,700 people worldwide (full-time equivalents) , about 50% of whom work in Switzerland. [3]

Business segments

VAT reports in two segments: Valves (80% of Group turnover in 2023) and Global Service (20% of Group turnover in 2023).

Valves [3]

In the Valves segment, VAT acts as a global developer, manufacturer and supplier of vacuum valves for the semiconductor, display, photovoltaic and vacuum coating industries as well as for various industrial and research applications. [1] By end of 2023 VAT held a market share of around 75% in vacuum valves for the production of semiconductors. [4]

Net sales in this segment amounted to CHF 712 million in 2023. Around 73% of this was attributable to the Semiconductor business unit and 27% to the Advanced Industries business unit).

Global Service [3]

Under Global Service, VAT offers customers local expert support as well as original spare parts, repairs and upgrades. [1] In this segment, VAT generated net sales of CHF 173 million in 2023.

History [3]

Siegfried Schertler founded the company in Flawil (St.Gallen, Switzerland) in 1965. In the same year, the company headquarters were relocated to Haag in the St.Gallen Rhine Valley (Switzerland). In the early days, the focus was on research.

In the 1980s, the semiconductor industry was booming with transistors that could be built into a single silicon chip. This required a virtually particle-free production environment, which enabled VAT to enter this market thanks to high production quality. The company entered the semiconductor technology market in 1988.

After the turn of the millennium, the company expanded into the flat panel display and photovoltaic markets. In 2012, VAT launched a comprehensive investment program for a production center in close proximity to the rapidly growing customer base in Asia. The first phase of this program was completed in 2018 and the production facility in Penang (Malaysia) was completed. In 2017, VAT also opened a particle laboratory in San José (USA) that is unique in the industry.

In February 2014, the investment companies Capvis AG [5] and Partners Group Holding AG [6] jointly acquired VAT. VAT was listed on the SIX Swiss Exchange in 2016.

In 2022, VAT's net sales exceeded the CHF 1 billion mark for the first time. In February 2023, CEO Mike Allison (60) announced his resignation at the end of the 2023 financial year. On July 27, 2023, the Board of Directors appointed Urs Gantner (53), previously Executive Vice President of VAT's own Semiconductor Solutions Group, as CEO of VAT from January 1, 2024. [7] Also in 2023 the company invested in both R&D – with the start of the construction of the new Innovation Center in Haag – and further capacity expansions in Malaysia with the completion of Plant 1B in Malaysia.

Sustainability [8]

Based on a first-time materiality assessment, the improved measurement of greenhouse gas emissions and the integration of ESG performance into medium-term strategic and operational planning, VAT published its sustainability targets for the period 2022 to 2030 for the first time in 2022:

Emissions

VAT's greenhouse gas emissions (Scope 1 and 2 according to the GHG Protocol) remained almost static from 12.6 tons in 2022 to 12.8 tons in 2023 in relation to net sales.  Th The company also increased its total use of renewable energy by 6% in 2022 compared to 2021. The consumption of self-generated solar power amounted to 2.18 million kWh (2021: 2.07 kWh).

Equal pay and commitment

VAT has been Fair-ON-Pay [9] certified since 2021. The analysis showed that there are no statistically significant differences between pay levels for men and women, and as a result, VAT received an upgraded certificate to Fair-ON-Pay Advanced in 2023 In 2022, the company improved its score on the annual employee engagement index for the sixth time in a row, achieving an overall score of 4.09 (2022: 3.94) of a maximum: 5.0.

Related Research Articles

<span class="mw-page-title-main">Infineon Technologies</span> Semiconductor manufacturing company

Infineon Technologies AG is Germany's largest semiconductor manufacturer. The company was spun-off from Siemens AG in 1999. Infineon has about 58,600 employees in 2023 and is one of the ten largest semiconductor manufacturers worldwide. In 2023 the company achieved sales of €16.309 billion.

<span class="mw-page-title-main">Schott AG</span> German glass company

Schott AG is a German multinational glass company specializing in the manufacture of glass and glass-ceramics. Headquartered in Mainz, Rhineland-Palatinate, Germany, it is owned by the Carl Zeiss Foundation. The company's founder and namesake, Otto Schott, is credited with the invention of borosilicate glass.

AMS Osram AG, formerly known as austriamicrosystems AG and ams AG, is an Austrian electronics company that designs and manufactures sensors for small form factor, low power, highest sensitivity and multi-sensor applications. Products include sensors, sensor ICs, interfaces and related software for mobile, consumer, communications, industrial, medical, and automotive markets.

<span class="mw-page-title-main">Clariant</span> Swiss specialty chemicals company

Clariant AG is a Swiss multinational speciality chemical company, formed in 1995 as a spin-off from Sandoz. Headquartered in Muttenz, Switzerland, the public company encompasses 74 subsidiaries in 36 countries (2022). Major manufacturing sites are located in Europe, North America, South America, China, and India. In 2022, sales from continuing operations were 5.198 billion CHF.

<span class="mw-page-title-main">OC Oerlikon</span> Swiss engineering company

OC Oerlikon is a listed technology group headquartered in Pfäffikon (Schwyz), Switzerland. The name "Oerlikon" comes from the Oerlikon district in Zurich where the group has its origins.

<span class="mw-page-title-main">RUAG</span> Swiss company specializing in aerospace engineering and the defense industry

RUAG Holding is a Swiss company specialising in aerospace engineering and the defence industry. Its headquarters are located in Bern, while it also has numerous production sites in Switzerland, Germany, Sweden, Hungary, Austria and United States, and sales companies in Australia, UK, France, Belgium, Brazil and Malaysia.

dormakaba Swiss security company

dormakaba Holding AG is a global security group based in Rümlang, Switzerland. It employs more than 15,000 people in over 50 countries. It formed as the result of a merger between former Kaba and former Dorma in September 2015 and is publicly traded on the SIX Swiss Exchange.

<span class="mw-page-title-main">Energy in Switzerland</span> Overview of energy in Switzerland

Energy in Switzerland is transitioning towards sustainability, targeting net zero emissions by 2050 and a 50% reduction in greenhouse gas emissions by 2030.

<span class="mw-page-title-main">Tokyo Electron</span> Japanese semiconductor equipment manufacturer

Tokyo Electron Limited, or TEL, is a Japanese electronics and semiconductor company headquartered in Akasaka, Minato-ku, Tokyo, Japan. The company was founded as Tokyo Electron Laboratories, Inc. in 1963. TEL is best known as a supplier of equipment to fabricate integrated circuits (IC), flat panel displays (FPD), and photovoltaic cells (PV). Tokyo Electron Device, or TED, is a subsidiary of TEL specializing in semiconductor devices, electronic components, and networking devices. As of 2011, TEL was the largest manufacturer of IC and FPD production equipment. Listed on the Nikkei 225, in 2024, Tokyo Electron had a market cap of US$114.6 billion, making it the third-most valuable company in Japan in terms of market cap, and the 12th ranked semiconductor-related company worldwide.

<span class="mw-page-title-main">Alpiq</span>

Alpiq is an internationally active energy group headquartered in Lausanne, Switzerland. The company was established in 2009 after the merger of Atel Holding AG and EOS S.A..

Helvetia is an international insurance group that exists since 1858. The group of companies has been organised in a holding structure since 1996. The head office of Helvetia Group is located in St. Gallen, Switzerland.

Chocolats Halba is a Swiss chocolate producer based in Pratteln (Basel-Landschaft). Chocolate Halba operates its own factory shops, the so-called Schoggihüsli, in Pratteln and at the former factory in Hinwil. It is a division of the retail company Coop and processes around 20,000 tons of chocolate into bars, pralines and Easter bunnies every year. Around 40% of the chocolate is delivered to the Coop Group, the rest goes to third-party customers around the world – including those in Switzerland, Germany, France, Holland, the USA, Canada, New Zealand and China. In addition to the Coop brand Swiss Confisa, they also produce for other brands such as "Die Gute Schokolade" by Plant-for-the-Planet and for the processing industry.

The Holcim Group, legally known as Holcim Limited, is a Swiss multinational company that manufactures building materials. It has a presence in around 60 countries, and employs around 60,000 employees. Holcim operates four businesses segments: cement, aggregates, ready-mix concrete, and other products, including precast concrete, asphalt, mortar, and other building materials.

Debrunner Koenig AG is a Swiss-wide wholesale company headquartered in St. Gallen which provides goods and services in reinforcements, steel and metals, metal service and technical products for customers in the construction, industrial and commercial sectors. The group of companies employs 1,429 people and generated sales of CHF 981 million in 2020.

CSL Vifor is a global specialty pharmaceuticals company in the treatment areas of iron deficiency, dialysis, nephrology & rare disease. It is headquartered in Switzerland and consists of CSL Vifor, Vifor Fresenius Medical Care Renal Pharma (VFMCRP) and Sanifit Therapeutics.

Swiss Prime Site AG is one of the largest listed real estate companies in Europe. The fair value of the real estate under management is around CHF 20 billion. The portfolio of the company's own real estate has a value of around CHF 13 billion and consists primarily of commercial and retail properties in the most important Swiss metropolitan regions of the Central Plateau. In addition to the real estate investments, the Group companies Swiss Prime Site Solutions and Jelmoli make up the Services segment.

Meyer Burger Technology AG is an industrial manufacturer of solar cells and solar modules, headquartered in Gwatt, a district of Thun, Switzerland. The company's registered shares are listed on the SIX Swiss Exchange.

Bucher Industries AG is an internationally operating Swiss engineering group. Listed on the SIX Swiss Exchange, the company generated sales of CHF 3.2 billion in 2021 and employed 13,600 people.

<span class="mw-page-title-main">Ulvac</span> Japanese company in vacuum equipment

ULVAC is a Japanese multinational corporation, specializing in vacuum equipment and related products, headquartered in Chigasaki, Kanagawa, Japan.

Sefar Group is a Swiss company specialized in screen printing and filtration applications. It is based in Heiden and Thal. Since its founding, it has specialized in the development, production, and distribution of precision fabrics. It has a history dating back to the early 19th century. In 2022, Sefar employed around 3,000 people worldwide, including 780 only in Switzerland, and achieved a revenue of CHF 395 million.

References

  1. 1 2 3 "VAT Group AG" . Retrieved 2024-03-01.
  2. ↑ "Central Business Name Index" . Retrieved 2024-03-01.
  3. 1 2 3 4 5 "VAT Group AG Annual Report" (PDF). Retrieved 2024-03-01.
  4. ↑ "TechInsights" . Retrieved 2024-04-01.
  5. ↑ "Capvis AG" . Retrieved 2024-03-01.
  6. ↑ "Central Business Name Index" . Retrieved 2024-03-01.
  7. ↑ "VAT Group AG Media Release" . Retrieved 2024-03-01.
  8. ↑ "VAT Group AG Sustainability Report 2022" (PDF). Retrieved 2024-03-01.
  9. ↑ "Website Fair-ON-Pay" . Retrieved 2024-03-01.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.