kendrion nv (KENDR) Details

Kendrion N.V. develops, manufactures, and markets electromagnetic systems and components for industrial applications primarily in Germany, rest of Europe, Asia, and the Americas. It operates in four business units: Industrial Magnetic Systems, Industrial Drive Systems, Passenger Car Systems, and Commercial Vehicle Systems. The Industrial Magnetic Systems business unit develops and manufactures holding, locking, spreading, controlling, and vibrating solenoids, as well as electromagnetic valves for industrial applications, including mechanical engineering, energy distribution, process automation, doors and safety technology, medical equipment, and the beverages industry. The Industrial Drive Systems business unit offers electromagnetic brakes and clutches for drive systems that accelerate, retard, position, hold, and secure movable drive components and loads. This business unit’s products are primarily used in robotics and process automation technology, machine construction, and lift technology. The Passenger Car Systems business unit develops and manufactures customer-specific products consisting of solenoids and solenoid valves; and electromagnetic components for specific customer applications in the automotive and special vehicle industries. The Commercial Vehicle Systems business unit offers components and complete cooling systems for buses, trucks, and special vehicles. This business unit’s primary products include fan clutches for engine cooling; compressor clutches for vehicle air-conditioning and air pressure; vibration dampers for crankshaft applications; fan clutches with angle gear for cooling; pneumatic and hydraulic clutches; brakes; and belt tensioners. The company was formerly known as Schuttersveld N.V. and changed its name to Kendrion N.V. in 2001. Kendrion N.V. was founded in 1859 and is headquartered in Zeist, the Netherlands.

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