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246:" (lit. "German-Austrian Mannesmann pipe-works joint-stock company"). In the twentieth century, Mannesmann's product range grew and the company expanded into numerous sectors; starting from various steel products and trading to mechanical and electrical engineering, automotive and telecommunications. From 1955, the conglomerate's
379:
In the first decades of its existence, Mannesmann was a pure manufacturer and therefore highly dependent on third-party deliveries of starting material. To reduce the associated risk, the company started to broaden into a vertically integrated iron and steel group in the first half of the twentieth
461:
The Europe-wide telecommunication branch of
Mannesmann was extraordinarily successful and so in 1999 the Mannesmann Group hatched a plan to spin off the other divisions. Through a stock exchange flotation under the name of Mannesmann Atecs AG, these industrial divisions were to be combined in a
444:
In 1990, following the liberalization of the German telecommunications market, Mannesmann set up a new business sector and established
Germany's first cellular network carrier in private ownership known as D2 Mannesmann. The network company was called Mannesmann Mobilfunk GmbH. It was the main
593:
Under the terms of the takeover deal, Mannesmann sought assurances from
Vodafone that the Mannesmann brand and name would be kept under the new owners. This was agreed and the deal was announced. However, not long after this, Vodafone reneged on the deal and rebranded.
552:
In 2000, Mannesmann was acquired by
Vodafone Group Plc. in a tax-free exchange of 53.7 Vodafone shares for each share of Mannesmann. This was a controversial takeover, since never before in Germany had a company as large and successful as Mannesmann been acquired in a
269:
The name
Mannesmann ceased to exist in the engineering, automotive and telecommunications sectors soon after Vodafone purchased the company. It lives on in the steel industry, particularly in the steel tube and pipe industry, as the German steel manufacturer
354:
In the following years the company's position in the export business, which was important from the beginning, was consolidated and expanded by the acquisition of the
Mannesmann tube mill in Landore/Wales and by the founding of a Mannesmann tube mill in
399:
In 1955, the group's management holding was renamed
Mannesmann AG. The group continued to develop into a highly diversified conglomerate. The corporate sectors engineering and automotive founded in the late 1960s comprised famous companies as e.g.
474:
eventually agreed to a takeover price of 190 billion €, which was the largest takeover price ever paid until that date and still is the highest. The telecommunications division of
Mannesmann was subsequently incorporated into the Vodafone Group.
359:/Italy. Branch offices for storage and direct sales business, sometimes with tube processing workshops and pipeline construction capacities, were set up in cooperation with well-established companies all over the world, especially in
453:, also known as D1. Additionally, Mannesmann extended its telecommunications division with integrated services covering mobile and fixed network telephony, Internet, and TeleCommerce with companies in Germany, Italy, UK and Austria
342:/Germany. In 1890, due to technical and financial start-up problems, the tube and pipe mills existing on the continent were folded into Deutsch-Österreichische Mannesmannröhren-Werke AG. The new company had its headquarters in
570:, who was then the chief advisor on the deal. The circumstances of the deal and the (not only for German standards) particularly high severance payments awarded to leading managers of the company led in 2004 to a trial at
371:. In addition, Mannesmannröhren-Werke took up the production of welded steel pipes, stainless steel pipes and other type of pipes and tubes. The company became the worldwide leading manufacturer of steel tube and pipe
956:
350:
but left it in 1893. In that year the company headquarters were moved to Düsseldorf - at that time the center of the German tube and pipe industry. The company was renamed
Mannesmannröhren-Werke AG in 1908.
257:
The particular success of the corporate activities in the area of telecommunications that started in 1990 was the predominant reason for the takeover of
Mannesmann by the British telecommunications company
557:
by a non-German owner. The merger was said to have been engineered in a private deal concluded between Mannesmann's management and Vodafone. The acquisition was spearheaded by Vodafone's Chief Executive,
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century. The group had its own ore and coal production, steel manufacturers and processors as well as an integrated trading division. In the 1950s Mannesmann established pipe mills in
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was employed at their tube rolling mills. Zangen served four months in prison for his involvement, although he remained a leading figure with Mannesmann until his retirement in 1966.
586:
overruled the contested judgment and referred the case back for retrial at the Landgericht. On 29 November 2006, the proceedings were terminated, with the defendants agreeing to
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802:
478:
The other divisions were resold to various companies soon after the deal. The origins of Mannesmann, the pipe production activities of Mannesmannröhren-Werke AG, were sold to
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574:
Düsseldorf (Düsseldorf Regional Court) - the so-called Mannesmann trial. The accused, among others the chairman of the supervisory board at the time of the takeover,
657:
Wessel, Horst A.: Mannesmann 1890: A European Enterprise with an International Perspective, in: The Journal of European Economic History, Vol. 29, 2000, pp. 335-356
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917:
Höpner, M. and G. Jackson. 2006. “Revisiting the Mannesmann takeover: how markets for corporate control emerge” Management Review (2006) 3, 142–155.
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logos and trademarks are transferred to Krauss-Maffei Kunststofftechnik GmbH, plastics and molding equipment subsidiary that was spun off in 1986.
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314:(1856–1922) and Max Mannesmann (1857–1915) received the world's first patent for their invention of a process for rolling seamless steel pipes (
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bought the pipe production division of Mannesmannröhren-Werke AG (today Mannesmannröhren-Werke GmbH), as well as the Mannesmann brand.
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810:
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223:
436:. Within the Mannesmann Group several of these companies evolved into world market leaders in their respective business sectors.
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858:
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582:, were initially granted a full discharge by the court. However, after revision proceedings, the Bundesgerichtshof
466:. However, before these plans could materialize, a historic takeover battle lasting several months ended with the
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889:"Vodafone übernimmt Arcor vollständig" (in German). Deutscher Depeschendienst. 2008-05-19. Retrieved 2008-09-02
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19:
This article is about the Germany-based multinational conglomerate Mannesmann. For the Mannesmann process, see
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239:
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was a fixed line telephony and internet company. It has been owned solely by Vodafone since May 2008, when
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worldwide. Back then, the Mannesmann Group had 130,860 employees worldwide and revenues of €23.27 billion.
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of Mannesmann by the British mobile phone company Vodafone in 2000. On 4 February 2000 Mannesmann's
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separate enterprise that would be one of the largest companies listed in the German stock index
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318:). Between 1887 and 1889 they founded tube mills with several different business partners in
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Wessel, Horst A.: Kontinuität im Wandel. 100 Jahre Mannesmann, Düsseldorf 1990 (in German)
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Share of the Deutsch-Oesterreichischen Mannesmannröhren-Werke AG, issued 14. November 1890
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in 1890 under the name "Deutsch-Österreichische Mannesmannröhren-Werke
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Mannesmann air protection grille - City Hall in Dresden - around 1940
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West German Industry and the Challenge of the Nazi Past, 1945-1955
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778:"Mannesmann-Konzern nach der Übernahme durch Vodafone ǀ History"
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Establishment and growth as an international tube manufacturer
202:
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685:
International Directory of Company Histories, Vol 38, 2001
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Companies formerly listed on the Frankfurt Stock Exchange
238:. It was originally established as a manufacturer of
803:"Vodafone Airtouch confirms sale of Mannesmann tubes"
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691:
859:"Deutsche Bank Chief Walks Free in Mannesmann Trial"
760:"Unilever rejects $ 143bn Kraft Heinz takeover bid"
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724:"Profile: Mannesmann - turning pipes into phones"
962:Telecommunications companies established in 1890
346:. Reinhard and Max Mannesmann formed the first
967:Manufacturing companies disestablished in 2000
227:Brass sign from Mannesmann-Rohrbau AG – Munich
877:"Deutsche Bank Chief Settles Mannesmann Suit"
8:
912:Images of British Mannesmann Tube Co., Wales
699:"History of Mannesmann AG – FundingUniverse"
375:Expansion into a coal and steel conglomerate
30:
952:Manufacturing companies based in Düsseldorf
942:Manufacturing companies established in 1890
445:competitor to Germany's incumbent carrier,
922:New York Times-article “Europe‘s Megadeal”
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71:
36:
29:
742:"Mannesmann: The mother of all takeovers"
169:Engineering (mechanical & electrical)
982:German companies disestablished in 2000
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679:
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639:. WWA Bernd Suppes. 1994. p. 101.
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619:(8.18%) sold their shares to Vodafone.
667:
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498:, Boge GmbH), cranes and locomotives (
482:along with the brand name Mannesmann.
521:, an industrial engineering company.
7:
987:German companies established in 1890
637:Suppes 94/95 Historische Wertpapiere
578:, and the former CEO of Mannesmann,
490:, including automobile components (
537:, when the company was chaired by
457:Takeover by Vodafone and aftermath
14:
590:amounting to millions of euros.
972:1890 establishments in Germany
879:. Dealbook. November 27, 2006.
848:, UNC Press Books, 2004, p. 28
264:largest-ever company takeovers
1:
977:2000 mergers and acquisitions
303:In 1886, the German brothers
831:Wistrich, Robert S. (2001).
782:Geschichte.salzgitter-ag.com
58:Essener Steinkohlenbergwerke
432:, Hartmann & Braun and
102:Reinhard and Max Mannesmann
16:Defunct German conglomerate
1003:
835:(3 ed.). Routledge, p. 183
262:in 2000, still one of the
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833:Who's who in Nazi Germany
254:was named Mannesmann AG.
110:August 22, 2001
64:Mannesmannröhren-Werke AG
35:
23:. For D2 Mannesmann, see
584:Federal Court of Justice
234:was a German industrial
598:Individual subsidiaries
492:VDO Adolf Schindling AG
486:bought the majority of
395:Further diversification
338:and in their home town
86:; 134 years ago
300:
292:
228:
125:Taken over by Vodafone
947:History of Düsseldorf
511:Krauss-Maffei Wegmann
507:Mannesmann Dematic AG
298:
290:
250:with headquarters in
226:
865:. November 29, 2006.
844:S. Jonathan Wiesen,
766:. February 17, 2017.
60:Hartmann & Braun
748:. February 3, 2010.
730:. January 21, 2000.
703:Fundinguniverse.com
488:Atecs Mannesmann AG
414:Fichtel & Sachs
32:
505:GmbH), logistics (
440:Telecommunications
348:board of directors
316:Mannesmann process
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293:
248:management holding
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173:telecommunications
62:Kammerich Werke AG
813:on 19 August 2016
515:Robert Bosch GmbH
472:supervisory board
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84:16 July 1890
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905:Official website
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535:Second World War
509:), and defense (
496:Mannesmann Sachs
447:Deutsche Telekom
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815:. Retrieved
811:the original
807:Vodafone.com
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785:. Retrieved
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706:. Retrieved
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523:KraussMaffei
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369:South Africa
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302:
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256:
236:conglomerate
231:
230:
193:Vodafone PLC
138:Headquarters
49:conglomerate
607:Mannesmann
588:settlements
580:Klaus Esser
572:Landgericht
533:During the
468:acquisition
308: [
240:steel pipes
205:.mannesmann
155:Area served
55:Predecessor
931:Categories
623:References
568:Scott Mead
560:Chris Gent
539:Nazi Party
484:Siemens AG
252:Düsseldorf
232:Mannesmann
171:automotive
143:Düsseldorf
114:2001-08-22
91:1890-07-16
645:0936-9406
541:activist
517:acquired
340:Remscheid
130:Successor
937:Vodafone
451:T-Mobile
424:, Boge,
305:Reinhard
260:Vodafone
182:Vodafone
164:Products
133:Vodafone
67:ZF Sachs
45:Industry
519:Rexroth
426:Kienzle
410:Dematic
402:Rexroth
357:Dalmine
332:Landore
328:Bohemia
324:Komotau
278:History
198:Website
159:Germany
148:Germany
112: (
107:Defunct
99:Founder
89: (
81:Founded
817:1 June
787:1 June
708:1 June
643:
562:, and
390:Turkey
386:Canada
382:Brazil
367:, and
344:Berlin
210:
189:Parent
69:
609:Arcor
434:Tally
406:Demag
336:Wales
330:, in
322:, in
312:]
178:Owner
167:Steel
819:2018
789:2018
710:2018
641:ISSN
388:and
365:Asia
207:.com
122:Fate
728:BBC
513:);
464:DAX
449:'s
418:VDO
203:www
933::
861:.
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244:AG
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821:.
791:.
712:.
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334:/
326:/
116:)
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
