What was announced with great ceremony at the end of July at Bremen's venerable old Park Hotel is now official. With its entry in the register of companies, HANSA-FLEX is now trading as a (non-listed) joint-stock corporation. With this change to the corporate form, Europe's leading systems provider in fluid technology is reflecting the major growth it has experienced in recent years.
The startling rate at which HANSA-FLEX has grown in the last few years can best be demonstrated with a few salient figures. In June 2006, there were 162 offices in Germany, today there are 192. Globally, the number of offices has risen from 285 to the current figure of 355. The number of FLEXXPRESS vehicles has almost doubled in the last four years.
When a company grows as rapidly as ours, its internal structures must occasionally be changed to reflect its altered status. In 2009, two HANSA-FLEX subsidiaries, HANSA-FLEX Metallschläuche GmbH in Boffzen and K+S Hydraulik GmbH, were integrated fully in the parent corporation, HANSA-FLEX Hydraulik GmbH, thereby creating a clearer corporate structure. This step has also enabled us to simplify internal processes, and thus save costs.
With the construction of the second central warehouse in Geisenfeld, which came into operation this year, HANSA-FLEX is also reflecting the organic growth in the Group and ensuring that all HANSA-FLEX products can be delivered to our customers even faster.
The change from HANSA-FLEX Hydraulik GmbH to HANSA-FLEX AG represents another logical step in reflecting this growth. However, HANSA-FLEX shares will not be traded on the stock exchange. This new corporate form is rather what is known as a "Familien-AG", the shares of which are held by the Armerding and Buschmann families.
One of the main objectives of this step is to streamline the internal structures of the company so that employees can be deployed in a more targeted fashion. This will make the company's operations more efficient and this will benefit the customer. "By converting the company to HANSA-FLEX AG, we are also reinforcing the central management of the Group as a whole. The AG corporate form clearly reflects our claim that we offer the best services to our customers and will give us the opportunity to operate even more efficiently in the future," says chief executive Thomas Armerding.
The new HANSA-FLEX AG:
Members of the Board: Thomas Armerding (chairman), Uwe Buschmann (vice-chairman), Dieter H. Seidler (finance director)
Members of the Supervisory Board: Tim Hollweg (chairman), Gisbert Loosen, Jörg Buschmann, Günter Buschmann (honorary member of the Supervisory Board), Joachim Armerding (honorary member of the Supervisory Board)
The share capital: The new company's share capital is 15 million euros. The capital is owned by the Armerding and Buschmann families.