The story
In 1929 Schaltbau GmbH Munich was founded as a company producing switchgear and heating for railway applications, it was taken over by Gutehoffnungshütte (now known as MAN SE) in 1936. In 1972 a new factory was opened in Aldersbach, and in 1976 in acquired another plant in Velden (Vils) in Bavaria. Techniques d'Automatisme (France) was acquired in 1979, and Pintsch Bamag, a manufacturer of level crossing systems was acquired in 1987.
In 1991 the company became a joint stock company and was floated on the stock exchange, and was acquired by Berliner Elektro Holding AG in the same year. The company then started a joint venture with an engineering company in China in 1994, and in 1995 it acquired Gebr. Bode, a prominent door manufacturer for transportation devices. Furthermore, the company acquired Kiepe Elektrik GmbH in 1996, which was subsequently sold to Vossloh AG in 2002.
In 2000, the company transitioned to become Schaltbau Holding AG, spinning off Schaltbau GmbH. at the same time. Schaltbau Group then took over Bubenzer Group, a container crane brake manufacturer, in 2007. More recently, the Schaltbau Group acquired a 65% controlling stake of SPII SpA in 2015, an Italian firm that specializes in crafting and designing human-machine interface machinery, y, before finally acquiring 100% of SPII SpA in 2022.
From Wikipedia’s article on Schaltbau Group, shared under CC BY-SA 4.0.5