Varta
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Varta

VARTA AG
TypeAktiengesellschaft
FWBVAR1
IndustryElectrical equipment
PredecessorAccumulatoren-Fabrik AFA 
Founded1887 (1887)
FounderAdolf Müller
HeadquartersEllwangen, Germany
Area served
Worldwide
Key people
Michael Tojner
ProductsElectrical batteries
BrandsVARTA
Number of employees
>2000
Websitevarta.com
Aerial picture of the Varta Microbattery factory in Ellwangen

VARTA AG (pronounced ['va?ta]; German: Vertrieb, Aufladung, Reparatur transportabler Akkumulatoren - lit.'distribution, recharging and repair of portable accumulators') is a German company manufacturing batteries for global automotive, industrial, and consumer markets.

History

VARTA was founded by Adolf Müller in 1887, and established in 1904 as a subsidiary of Accumulatoren-Fabrik AFA.[1] After World War I, VARTA together with AFA was acquired by German industrialist Günther Quandt and Industrialist and VARTA-CEO Dr. Carl Hermann Roderbourg.[2] After World War II, most of the VARTA shares passed from Günther Quandt to his son, Herbert Quandt. The subsidiary in East Berlin was later occupied by the Soviet Union, and was named BAE Batterien.

In 1977, VARTA AG's businesses were split up by Herbert Quandt; battery and plastics operations were retained in VARTA AG, but the pharmaceuticals and specialty chemical businesses were transferred to a new company called Altana, and the electrical business was spun off into a company called CEAG. Herbert Quandt left the company's shares to his children.

In 2002, the consumer battery activities (excluding button cells) were sold to Rayovac. The automotive battery business was acquired by Johnson Controls. The button cell and home energy storage businesses were acquired by Montana Tech Components.

Products

By 2006, VARTA AG had sold all its operating divisions, and the Quandts had sold their shares. VARTA AG then liquidated its remaining assets, contracts, liabilities and shareholdings, in particular the manufacture and sale of VARTA batteries, while continuing its company businesses.

On 19 October 2017 shares of the VartaAG started flotation on the stock market (Prime Standard). With an emission price of 17,50 Euro the company had a value of 668,5 Mio. Euro[3][4] In January 2018, American company Energizer took control over VARTA consumer battery segment (not part of VARTA AG).[5] In May 2019, VARTA AG signed an agreement to acquire the VARTA Consumer Batteries business ("VARTA Consumer") from the US American company Energizer Holdings, Inc. ("Energizer").[6]

Varta manufactures microbatteries used in the Apple Airpods.[7]

References

  1. ^ "VARTA History". VARTA.
  2. ^ "VARTA Founder Villa Roderbourg history". Villa Roderbourg.
  3. ^ Varta AG - Angaben zum Unternehmen, stock exchange Frankfurt (Germany)
  4. ^ VARTA AG beendet Angebotszeitraum vorzeitig und legt Emissionspreis bei 17,50 Euro je Aktie fest, Presse release Varta AG at dgap.de, 18 October 2017 (written in German language)
  5. ^ Manager-Magazin.de: Energizer übernimmt Varta-Batterien
  6. ^ "2019-05-29-VARTA-Consumer-Batteries". www.varta-consumer.com (in German). Retrieved 2020.
  7. ^ Martin, Iain. "How A Tiny Battery (Thanks Apple!) Built A New $1.9 Billion Fortune". Forbes. Retrieved 2020.

External links


  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.

Varta
 



 



 
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