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FTE Automotive
The FTE automotive Group is a German automotive manufacturing company specialized in the sector of drive train and brake system applications for the automotive industry. The company supplies all notable automobile manufacturers and employs over 3800 employees at 11 production sites around the world. FTE automotive is based in Ebern, Bavaria, Germany. On June 2, 2016, Bain Capital sold FTE Automotive to the French automotive supplier Valeo for 819.3 million euros. Production sites * FTE automotive GmbH, Ebern, * FTE automotive Möve GmbH, Mühlhausen, * FTE automotive systems GmbH, Fischbach (Ebern), * FTE automotive (Taicang) Co., Ltd. * FTE automotive Czechia s.r.o., Podborany, * FTE automotive Slovakia s.r.o, Prešov, * FTE automotive USA Inc., Auburn Hills, * FTE Industria e Comercio Ltda, São Paulo, * FTE Mexicana S.A. de C.V, Puebla, Joint Venture: * APG-FTE automotive Co. Ltd., Hangzhou, * SFMC s.r.o., Prešov, Products The company produces a multitude ...
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Gesellschaft Mit Beschränkter Haftung (Deutschland)
A ''Gesellschaft mit beschränkter Haftung'' (, abbreviated GmbH and also GesmbH in Austria; ) is a type of legal entity common in Germany, Austria, Switzerland (where it is equivalent to a ''société à responsabilité limitée''), and Liechtenstein. It is an entity broadly equivalent to the private limited company in the United Kingdom and many Commonwealth countries, and the limited liability company (LLC) in the United States. The name of the GmbH form emphasizes the fact that the owners (''Gesellschafter'', also known as members) of the entity are not personally liable or credible for the company's debts. GmbHs are considered legal persons under German, Swiss, and Austrian law. Other variations include mbH (used when the term ''Gesellschaft'' is part of the company name itself), and gGmbH (''gemeinnützige'' GmbH) for non-profit companies. The GmbH has become the most common corporation form in Germany because the AG (''Aktiengesellschaft''), the other major company form c ...
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Ebern
Ebern () is a town in the Haßberge district of Bavaria, Germany. It is situated southwest of Coburg and northwest of Bamberg. Its population is about 8,000. Its mayor is Robert Herrmann. Ebern is about 1,000 years old and has an intact defensive wall. Its name derives from , the German word for boar. Villages of Ebern The borough of Ebern covers an area of within which are 18 villages as well as the town of Ebern itself. Besides the (castle) of Eyrichshof and the more modest manor house of Fischbach, Ebern has some interesting castle ruins: Bramberg Castle, Rotenhan Castle and Raueneck Castle. Founding legend According to legend, one day two hunters were chasing a wild boar. It was finally struck by two spears, one from each of the hunters. They could not decide who threw the spear that killed the boar. The boar finally fell exactly on the border between Seßlach and Ebern, with its head in Ebern, and its body in Seßlach, so they divided it. Hence the town of Ebern ...
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Bavaria
Bavaria ( ; ), officially the Free State of Bavaria (german: Freistaat Bayern, link=no ), is a state in the south-east of Germany. With an area of , Bavaria is the largest German state by land area, comprising roughly a fifth of the total land area of Germany. With over 13 million inhabitants, it is second in population only to North Rhine-Westphalia, but due to its large size its population density is below the German average. Bavaria's main cities are Munich (its capital and largest city and also the third largest city in Germany), Nuremberg, and Augsburg. The history of Bavaria includes its earliest settlement by Iron Age Celtic tribes, followed by the conquests of the Roman Empire in the 1st century BC, when the territory was incorporated into the provinces of Raetia and Noricum. It became the Duchy of Bavaria (a stem duchy) in the 6th century AD following the collapse of the Western Roman Empire. It was later incorporated into the Holy Roman Empire, became an ind ...
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Germany
Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated between the Baltic and North seas to the north, and the Alps to the south; it covers an area of , with a population of almost 84 million within its 16 constituent states. Germany borders Denmark to the north, Poland and the Czech Republic to the east, Austria and Switzerland to the south, and France, Luxembourg, Belgium, and the Netherlands to the west. The nation's capital and most populous city is Berlin and its financial centre is Frankfurt; the largest urban area is the Ruhr. Various Germanic tribes have inhabited the northern parts of modern Germany since classical antiquity. A region named Germania was documented before AD 100. In 962, the Kingdom of Germany formed the bulk of the Holy Roman Empire. During the 16th ce ...
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Florian Langenscheidt
Florian may refer to: People * Florian (name), including a list of people and fictional characters with the given name or surname * Florian, Roman emperor in 276 AD * Saint Florian (250 – c. 304 AD), patron saint of Poland and Upper Austria, also of the cities of Kraków, Poland; Linz, Austria; firefighters, chimney sweeps and soapmakers Other uses * Florian, Minnesota, a place in the U.S. * ''Florian'' (film), 1940 * ''Florian'' (Polish film), 1938 * Florians, a religious order * Caffè Florian, a coffee house in Venice * Isuzu Florian, a car See also *Sankt Florian (other) * Florianópolis Florianópolis () is the capital and second largest city of the state of Santa Catarina, in the South region of Brazil. The city encompasses Santa Catarina Island and surrounding small islands, as well as part of the mainland. It has a populat ...
, a city in Brazil, capital of the state of Santa Catarina {{Disambig, geo ...
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Bernd Venohr
Bernd Venohr (born April 16, 1959 in Hanau, Germany) is a German management consultant, entrepreneur and author. He is the editor of the ''"Lexikon der deutschen Weltmarktführer"'' (Encyclopedia of German world-market leaders) about the German Mittelstand companies.Uncommon common sense propels Germany’s family companies to become global leaders. FT.com, July 28, 2008. Between 2006 and 2008 he was a tenured full Professor of strategic management at the Berlin School of Economics and Law. Before taking up this academic position he spent about 20 years in industry as managing director at Accenture and senior partner and member of the worldwide board of directors at Bain & Company. Venohr studied business administration at the Goethe University Frankfurt, where he also took his Ph.D. degree. In addition, he holds a Master of Business Administration degree (MBA) from Northwestern University, Chicago. He is married with two children and lives in Munich. Bibliography * Florian ...
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Bain Capital
Bain Capital is an American private investment firm based in Boston. It specializes in private equity, venture capital, credit, public equity, impact investing, life sciences, and real estate. Bain Capital invests across a range of industry sectors and geographic regions. As of 2022, the firm managed approximately $160 billion of investor capital. The firm was founded in 1984 by partners from the consulting firm Bain & Company. The company is headquartered at 200 Clarendon Street in Boston with 22 offices in North America, Europe, Asia, and Australia. Since its establishment it has invested in or acquired hundreds of companies, including AMC Theatres, Artisan Entertainment, Aspen Education Group, Apex Tool Group, Brookstone, Burger King, Burlington Coat Factory, Canada Goose, DIC Entertainment, Domino's Pizza, DoubleClick, Dunkin' Donuts, D&M Holdings, Guitar Center, Hospital Corporation of America (HCA), iHeartMedia, ITP Aero, KB Toys, Sealy, Sports Authority, Staples, T ...
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Valeo
Valeo is a French global automotive supplier headquartered in France, listed on the Paris Stock Exchange ( CAC-40 Index). It supplies a wide range of products to automakers and the aftermarket. The Group employs 113,600 people in 33 countries worldwide. It has 186 production plants, 59 R&D centers and 15 distribution platforms. Its strategy is focused on innovation and development in high-growth potential regions and emerging countries. In 2018, Valeo's sales rose 4% to €19.1 billion. It also ranked as France's leading patent filer from 2016 to 2018. History The ''Société Anonyme Française de Ferodo'' was founded in 1923 in Saint-Ouen, near Paris. It first distributed brake linings and clutch facings under license of Ferodo Ltd UK. In 1932, the company began producing clutches. In the same year, it was listed on the Paris Stock Exchange. In the 1950s, the company expanded outside the Paris area, opening new factories in France. The firm produced braking systems (1961) ...
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Joint Venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlled affiliates ( ...
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Drum Brake
A drum brake is a brake that uses friction caused by a set of shoes or pads that press outward against a rotating cylinder-shaped part called a brake drum. The term ''drum brake'' usually means a brake in which shoes press on the inner surface of the drum. When shoes press on the outside of the drum, it is usually called a '' clasp brake''. Where the drum is pinched between two shoes, similar to a conventional disc brake, it is sometimes called a ''pinch drum brake'', though such brakes are relatively rare. A related type called a band brake uses a flexible belt or "band" wrapping around the outside of a drum. History The modern automobile drum brake was first used in a car made by Maybach in 1900, although the principle was only later patented in 1902 by Louis Renault. He used woven asbestos lining for the drum brake lining, as no alternative dissipated heat like the asbestos lining, though Maybach had used a less sophisticated drum brake. In the first drum brakes, levers a ...
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