Trumpf

This article is about the German company. For the 1930s car, see Adler Trumpf. For the former Secretary-General for the Council of the European Union, see Jürgen Trumpf. For the surname, see Drumpf.

Trumpf SE + Co. KG
Company typePrivate (SE/KG)
IndustryMachine industry
PredecessorMechanische Werkstätte Julius Geiger
Founded1923; 101 years ago (1923)
FounderChristian Trumpf
Headquarters
Ditzingen
,
Germany
Number of locations
80 (2022/23)
Area served
Worldwide
Key people
Revenue€5,364.5 million (2022/23)
€461,8 million (2022/23)
Total assets€5,019 million (2022/23)
Total equity€2,700.4 million (2022/23)
Owners
  • Leibinger family (90%)
  • Berthold Leibinger Stiftung (10%)
Number of employees
18,352 (2022/23)
Divisions
  • Maschine tools
  • Laser technology
Websitetrumpf.com

Trumpf SE + Co. KG is a German family-owned[1] company based in Ditzingen near Stuttgart, Baden-Württemberg.[2] It originates from Julius Geiger's mechanical workshop. The Trumpf and Leibinger families transformed the medium-sized company into a globally recognized industrial group.[3] Today, the company is one of the world’s largest suppliers of machine tools and a leader in laser technology. Trumpf is one of the most well-known representatives of the German 'Mittelstand.'[4][5]

History

Weilimdorf production site in 1933
One of the frist motor-driven hand shears

Growth in early years

Christian Trumpf bought Julius Geiger's mechanical workshop in Stuttgart, Germany in 1923. The company initially produced flexible shafts. These were used to drive drills and other tools. Following the development of a motorized drive, the shafts were increasingly used in industry, for example in metal and woodworking. The first motorized hand shears for cutting sheet metal were introduced by Trumpf in 1934.[6]

In the 1920s, the company grew to more than 70 employees. In 1933, the administrative and production headquarters were moved to Weilimdorf, a suburb of Stuttgart.[7] To reflect the change in ownership, the company name was changed to Trumpf & Co. in 1937. The new name was used with the additional text "formerly Julius Geiger" for a few years after the change.[8]

During the 1930s and 1940s, Trumpf manufactured mainly flexible shafts and electric hand shears. The company was a supplier to Elektron Co. of Bad Cannstatt, a manufacturer of compressed air systems. This company produced foot pumps that were also used in military aircraft.[9] Trumpf employed around 100 people during the Second World War. A third of them were French forced laborers. Most of them came from Vierzon, south of Paris, France.[6]

Post-war reconstruction

The company's factories remained largely undamaged during the war. As a result, production quickly resumed after the end of the war. By 1950, Trumpf was generating more than one million DM in sales revene. The rapid growth of German economics across all industries boosted demand. During the 60s and 70s, the company was no longer focused mainly on flexible shafts and electric hand shears.[6]

The foreign customer base that Trumpf built up through its presence at international trade fairs also contributed to growth. The first foreign subsidiary was established in Switzerland in 1963.[10] In 1969, the company entered the US market.[11] In 1977, Trumpf entered the Japanese market.[12] Trumpf products were sold in more than 100 countries.

Trumpf continued to expand its production capacity to meet growing demand. In 1972, the company moved its headquarters to Ditzingen near Stuttgart, where new administration and production buildings were built. The company's head office is still located there today.[13]

Ownership transition

As Christian Trumpf had no children, he appointed Hugo Schwarz as commercial director in 1953. Berthold Leibinger was appointed technical director in 1966. Leibinger gradually bought out the Trumpf’s shares, so that by 1972, Leibinger and Schwarz were the sole shareholders.[14]

When Trumpf died in 1977, Leibinger succeeded him, becoming CEO in 1978. Under Leibinger's leadership, many innovations were developed.[15] The first sheet-metal working machine with numerical path control attracted worldwide attention. This machine was based on a patent for coordinate guidance that Trumpf had registered in 1957 as the result of Leibinger's diploma thesis. In 1985, Trumpf also introduced its first carbon dioxide laser, which formed the basis for a further business division.[16]

Global expansion

In the 1980s and 1990s, Trumpf developed from a medium-sized, southwestern German, or Swabian, company into a global corporation.[17] The company's strategy became an exceptional example of success for the German mechanical engineering industry.[18]

Leibinger played a key role in the company's rise to market leadership. In 2005, he moved from the managing board to the supervisory board, where he remained as chairman until 2012.[19] His daughter, Nicola Leibinger-Kammüller, took over the management of Trumpf.[20] Following Leibinger-Kammüller's installation, turnover has risen from around €1.5 billion in the 2005/06 financial year to €5.4 billion (2022/23).[21] Leibinger-Kammüller broadened the group's base by setting up a bank and expanding software development capabilities.[22] More recently the company has further developed into Industry 4.0 positioning itself in the areas of smart factories,[23] quantum technology and 3D printing.[24]

Operations

Trumpf headquarters in Ditzingen

Ownership

The holding company Trumpf SE + Co. KG is the organizational umbrella under which the Trumpf group operates. All investments are consolidated at the group level. Trumpf has more than 80 operating subsidiaries.[25]

Trumpf is wholly owned by the Leibinger family (90%) and the Berthold Leibinger Stiftung,[26] foundation (10%). There have been no non-family shareholders since 2003.[27][28] The Berthold Leibinger Stiftung is a key element of Trumpf's social responsibility efforts. The foundation supports non-profit, charitable, and church organizations, and also undertakes its own sponsorship projects in areas such as culture, science, church, and social welfare. It collaborates with the Doris Leibinger Stiftung, another foundation established by the Leibinger family, to further expand its philanthropic activities.[29]

Management

The managing board of Trumpf consists of seven persons (as of July 2023); the chairwoman is Nicola Leibinger-Kammüller.[30] The other members are Mathias Kammüller (Chief Digital Officer), Lars Grünert (Chief Financial Officer), Berthold Schmidt (Chief Technology Officer) and Oliver Maassen (Chief Humar Resources officer) as well as Stephan Mayer (machine tool division) and Hagen Zimer (laser technology division).[31]

The supervisory board of Trumpf consists of an equal number of shareholder and employee representatives. It consists of twelve members (as of July 2023); four of which are women. The chairman is Peter Leibinger. Other known members are Regine Leibinger and Rainer Neske.[32]

Business activities and divisions

Trumpf laser in use for cutting

The operational business of the Trumpf group is organized into two divisions for machine tools and laser technology. In addition, there are four operating divisions for high-power lasers, additive manufacturing, laser diodes, and financial services.[33]

Machine tools

Trumpf has traditionally focused on the flexible processing of sheet metal and tubes. Its portfolio includes machines and systems for cutting, punching, bending and welding.[34] These machines are used in the production of simple sheet metal parts, such as brackets, enclosures or housings, or for components of larger products manufactured, for example in machine and plant construction, commercial vehicles, air-conditioning technology and furniture construction.

Laser technology

Laser technology is an alternative to sawing and milling.[35] Trumpf manufactures carbon dioxide and solid-state lasers (disc and fiber lasers). These can be used to cut and weld metal and to mark and process surfaces with lasers.[36] The company's continuous wave, short and ultrashort pulse lasers are used, for example, in the automotive, energy, aerospace and medical technology industries.

High-power laser amplifiers also play a central role in the manufacture of microchips. They are used to generate a plasma that provides the extreme ultraviolet (EUV) radiation for exposing wafers.[37][38] The portfolio also includes laser diodes, which are used in smartphones or battery components of electrified cars, for example.

Locations

Trumpf operates internationally, with a strong presence in major markets across Europe, America, and the Asia-Pacific region. As of the 2021/22 fiscal year, the company has 86 subsidiaries worldwide. Its production facilities are located in several countries, including Germany, China,[3] France, the UK, Mexico, and Switzerland.[39]

In Germany, Trumpf has traditionally had a strong presence in Baden-Württemberg, where 8 of its 14 domestic locations are situated. Over 8,000 employees work for Trumpf in Germany, representing half of the company's global workforce. Despite this, the Asia-Pacific region is a key market, generating around a quarter of the company's total revenue.[33]

Key data

in Mio. Euro 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23
Turnover 3,565,6 3,784,0 3,487,7 3,504,7 4,222,8 5,364,5
Profit (EBIT) 534,7 349,3 309,1 369,5 468,4 615,4
Total revenue 3,469,8 3,939,2 3,914,7 4,225,0 4,586,1 5,019,1
Equity ratio 54.1% 51.4% 51.5% 47.7% 52.1% 53.8%
Employees 13,420 14,490 14,325 14,767, 16,554 18,352

Awards and honours

German Future Prize

In 2013, Trumpf was awarded the German Future Prize (de: Deutscher Zukunftspreis) for its collaboration with Robert Bosch, researchers from Fraunhofer IOF, and Friedrich Schiller University Jena in developing an ultrashort pulse laser for industrial mass production.[40]

In 2020, Trumpf received the German Future Prize again, this time for its groundbreaking contribution to the production of modern microchips using EUV (extreme ultraviolet) lithography. This achievement was the result of a partnership with ASML, Zeiss, and Fraunhofer IOF.[41]

Hermes Award

In 2020, Trumpf was awarded the Hermes Award for its development of the "Omlox" standard. This standard allows for the technology- and manufacturer-independent provision of location data. The development of Omlox involved the collaboration of over 60 industrial companies.[42]

Miscellaneous

In 2022, Forbes included Trumpf on its list of the World's Best Employers.[43] The Trumpf Group is recognised as an example of balancing economic interests with employee satisfaction,[44] implementing measures such as annual working time accounts to support this balance.[45]

Notes and references

  1. ^ Hirn, Wolfgang (5 June 2020). "Die Firma als Heimat" [The company as home]. Manager Magazin (in German). Retrieved 30 May 2023.
  2. ^ "Vom Kühlergrill bis zum Herzschrittmacher.", Südwest Presse, p. 10, 23 April 2015
  3. ^ a b Buchenau, Martin-Werner (22 October 2010). "Comeback: Chinageschäft beflügelt Trumpf" [Comeback: China business boosts Trumpf]. Handelsblatt (in German). Retrieved 30 May 2023.
  4. ^ Kramer, Bernd (23 May 2022). "Die Lust, Grenzen zu verschieben: Der baden-württembergische Maschinenbauer Trumpf vereint Pioniergeist und Bodenständigkeit" [The desire to push boundaries: Trumpf, the mechanical engineering company from Baden-Württemberg, combines a pioneering spirit with a down-to-earth attitude.]. Badische Zeitung (in German). p. 6.
  5. ^ "Unsere Marktführer – Nichts, was es schon gibt" [Our market leaders - nothing that already exists.]. Süddeutsche Zeitung (in German). 23 July 2009. p. 24.
  6. ^ a b c "Die Trumpfs und die Leibingers" [Trump and the Leibingers]. Spiegel (in German). 2020. Retrieved 30 May 2023.
  7. ^ Schreyer, Ulrich (12 May 2023). "Trumpf strahlt im Licht des Lasers" [Trumpf shines in the light of the laser]. Schwarzwälder Bote (in German). p. 8.
  8. ^ Lutz, Sigrun (9 September 2024). "Von der Mechanik zur Hochtechnologie" [From mechanics to high technology]. Stuttgarter Nachrichten (in German). p. 43.
  9. ^ "Vom Nibbelkönig zum Smart-Factory-Anbieter: 100 Jahre Trumpf und 60 Jahre Trumpf Schweiz – ein Rückblick mit einer interaktiven Timeline" [From nibbling king to smart factory provider: 100 years of Trumpf and 60 years of Trumpf Switzerland - a look back with an interactive timeline]. Technik und Wissen (in German). 6 November 2023. Retrieved 22 July 2024.
  10. ^ "60 Jahre TRUMPF Schweiz – von einer Autogarage zum Produktionsstandort" [60 years of TRUMPF Switzerland - from a car garage to a production site]. Schweizer Maschinenmarkt (SMM) (in German). 22 November 2023. Retrieved 22 July 2024.
  11. ^ Belforte, David (5 November 2019). "Trumpf USA celebrates 50 years". Laser Focus World. Retrieved 16 July 2024.
  12. ^ Raupach, Jörg (1998), Riesenhuber, Heinz; Kreiner, Josef (eds.), "Erfahrungen eines mittelständischen Unternehmens in Japan: Trumpf" [Experiences of a medium-sized company in Japan: Trumpf], Japan ist offen (in German), Berlin, Heidelberg: Springer, pp. 159–165, doi:10.1007/978-3-642-58866-2_10, ISBN 978-3-642-63766-7, retrieved 23 July 2024
  13. ^ Jaeger, Falk (30 October 2008). "Der Trumpf-Triumpf" [The Trumpf Triumph]. Süddeutsche Zeitung (in German). p. 17.
  14. ^ Höltschi, René (10 October 2023). "Von Trumpf zu Leibinger: Der Chip-Pionier aus Baden-Württemberg" [From Trumpf to Leibinger: The chip pioneer from Baden-Württemberg]. Neue Zürcher Zeitung (in German). p. 23.
  15. ^ Lutz, Sigrun (9 September 2014). "Ditzingen: Blauer Horizont als prägendes Element" [Ditzingen: Blue horizon as a defining element]. Stuttgarter Zeitung (in German). p. 46. Retrieved 23 July 2024.
  16. ^ Nachrichten, Stuttgarter. "Berthold Leibinger prägt Trumpf: Das Licht des Lasers wies den Weg in die Zukunft" [Berthold Leibinger shapes Trumpf: The light of the laser pointed the way to the future]. stuttgarter-nachrichten.de (in German). Retrieved 20 September 2024.
  17. ^ "Trumpf: Blick über den Zaun" [Trump: Looking over the fence]. Wirtschaftswoche (in German). 13 September 1985. p. 185.
  18. ^ Hartmann, Max (2013). "Die Wettbewerbsstärke deutscher Unternehmen in der Maschinenbaubranche: Eine theoretisch konzeptionelle Erklärung anhand der Diamant- und Clustertheorie" [The competitive strength of German companies in the mechanical engineering sector: A theoretical conceptual explanation based on the diamond and cluster theory]. Research Papers on Marketing Strategy (in German). hdl:10419/83889. ISBN 978-3-00-043758-8. Retrieved 30 May 2023.
  19. ^ Heller, Michael (21 November 2015). "Berthold Leibinger wird 85: Von Trumpf beinahe besessen" [Berthold Leibinger turns 85: Almost obsessed with Trump]. Stuttgarter Zeitung (in German). p. 12. Retrieved 30 May 2023.
  20. ^ Labode, Andrea (30 September 2011). "Wenn Töchter den Vater ablösen" [When daughters take over from their father]. Welt (in German). p. 4. Retrieved 23 July 2024.
  21. ^ Schmale, Oliver (20 July 2023). "Maschinenbauer Trumpf blickt vorsichtig in die Zukunft" [Machine manufacturer Trumpf takes a cautious view of the future]. Frankfurter Allgemeine Zeitung (in German). Retrieved 20 July 2023.
  22. ^ "Not macht erfinderisch: Maschinenbauer gründet eine Bank" [Necessity is the mother of invention: mechanical engineer founds a bank]. Handelsblatt (in German). 26 March 2014. Retrieved 30 May 2023.
  23. ^ Juschkat, Katharina (27 October 2020). "Trumpf eröffnet dritte Smart Factory" [Trumpf opens third smart factory]. elektrotechnik (in German). Retrieved 20 September 2024.
  24. ^ Gleichauf, Christian (20 January 2023). "100 Jahre Trumpf: Laserspezialist will mit Quantentechnik und 3D-Druck nach ganz weit oben - STIMME.de" [100 years of Trumpf: Laser specialist aims for the top with quantum technology and 3D printing - STIMME.de]. www.stimme.de (in German). Retrieved 20 September 2024.
  25. ^ "Trumpf SE + Co. KG". Unternehmensregister. Bundesanzeiger Verlag. Retrieved 1 March 2023.
  26. ^ Schreyer, Ulrich (27 November 2020). "Der Laser leuchtet auch über der Old Economy" [The laser also shines above the old economy]. Stuttgarter Zeitung (in German). p. 9.
  27. ^ Schreyer, Ulrich (30 September 2003). "Trumpf komplett in Familienbesitz" [Trumpf completely family-owned]. Stuttgarter Zeitung (in German). p. 11.
  28. ^ "Eine schwäbische Familienangelegenheit" [A Swabian family affair]. Stuttgarter Zeitung (in German). 22 March 2005. p. 28.
  29. ^ "Wo Haben und Geben zusammengehören: Die Berthold Leibinger Stiftung (30 Jahre) und die Doris Leibinger Stiftung (15 Jahre) feiern Geburtstag. Bei der Jubiläumsveranstaltung im Alten Schloss treten das Profil der beiden Stiftungen und das der Stifter deutlich hervor" [Where having and giving go together: The Berthold Leibinger Foundation (30 years) and the Doris Leibinger Foundation (15 years) are celebrating their birthdays. At the anniversary event in the Old Castle, the profile of the two foundations and that of the donors are clearly highlighted]. Stuttgarter Zeitung (in German). 8 December 2022. p. 20.
  30. ^ Buchenau, Martin-Werner (14 January 2016). "Die Lichtgestalt" [The shining light]. Handelsblatt (in German). p. 20.
  31. ^ Buchenau, Martin (22 March 2023). "Großes Stühlerücken bei Trumpf" [Big shake-up at Trumpf]. Handelsblatt (in German). p. 31.
  32. ^ "Leibinger folgt auf Hambrecht" [Leibinger succeeds Hambrecht]. Reutlinger General-Anzeiger (in German). 22 March 2023.
  33. ^ a b "2022/23 Annual Report" (PDF). Trumpf. Retrieved 25 June 2024.
  34. ^ "Trumpf-Multigreifer punktet auch beim Biegen kleiner Stückzahlen" [Trumpf multi-gripper also scores points when bending small quantities]. Maschinenmarkt (in German). Vogel Business Media. 14 November 2022. Retrieved 30 May 2023.
  35. ^ Schreyer, Ulrich (18 October 2018). "Das Licht des Lasers wies den Weg in die Zukunft" [The light of the laser pointed the way to the future]. Stuttgarter Zeitung (in German). p. 11. Retrieved 30 May 2023.
  36. ^ Kuhn, Dietmar (26 March 2008). "Laser als Alternative zum Sägen und Fräsen" [Laser as an alternative to sawing and milling]. Maschinenmarkt (in German). Vogel Business Media. Retrieved 30 May 2023.
  37. ^ Veitinger, Thomas (2 December 2022). "Chip-Produktion: Komplizierteste Maschine der Welt kommt von Zeiss und Trumpf" [Chip production: most complicated machine in the world comes from Zeiss and Trumpf]. Südwest Presse (in German). Retrieved 30 May 2023.
  38. ^ Dierig, Carsten (21 May 2019). "Diese Maschine sichert unseren Wohlstand" [This machine secures our prosperity]. Welt (in German). Retrieved 30 May 2023.
  39. ^ "Arnim Brüchle ist neuer Geschäftsführer von Trumpf Schweiz" [Arnim Brüchle is the new Managing Director of Trumpf Switzerland]. SMM Schweizer Maschinenmarkt (in German). 8 January 2024. Retrieved 20 September 2024.
  40. ^ Fabian, Schmidt (4 December 2013). "Deutscher Zukunftspreis 2013 – DW – 04.12.2013" [German Future Prize 2013 - DW - 04.12.2013]. dw.com (in German). Retrieved 20 September 2024.
  41. ^ "Deutscher Zukunftspreis 2020" [German Future Prize 2020]. www.zdf.de (in German). Retrieved 20 September 2024.
  42. ^ Schäfer, Reinhold (15 July 2020). "Trumpf Werkzeugmaschinen gewinnt den Hermes Award 2020" [Trumpf Machine Tools wins the Hermes Award 2020]. MM MaschinenMarkt (in German). Retrieved 20 September 2024.
  43. ^ PEACHMAN", "RACHEL RABKIN. "The World's Best Employers 2023". Forbes. Retrieved 20 September 2024.
  44. ^ "Germany's Mittelstand puts happy workers over profits". www.ft.com. 16 October 2018. Retrieved 20 September 2024.
  45. ^ "Trumpf führt Jahresarbeitszeit ein" [Trumpf introduces annualised working hours]. MM MaschinenMarkt (in German). 13 September 2016. Retrieved 20 September 2024.