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Bauer Company Profile - BAUER AG


bauer

Thomas Bauer


Prof. Thomas Bauer, CEO of BAUER AG

Schrobenhausen – Specialist foundation construction is the central term by which the companies of BAUER AG are known in the construction industry. Whilst, on the one hand, Bauer carries out its traditional specialist foundation construction activities, the machinery and equipment business for this sector of construction has, on the other hand, grown ever stronger over recent decades. In addition to the Construction and Equipment segments, the Corporation created a third segment during 2007 – Bauer Resources. This new business segment amalgamates the spin-offs from existing activities that deal with water, environment, energy and raw materials.


By creating this third segment, BAUER AG broadened its base in the market. At another level, in the Finance Department, a new course had already been set during the previous year. Under the guidance of the Chairman of the Management Board, Professor Thomas Bauer, Bauer AG was floated on the German Stock Exchange in the Summer of 2006. “The flotation had been prepared over many years,“ declared Thomas Bauer. “Our primary goal in taking this step was to gain better access to the capital markets.“ The Bauer share was issued on 4 July 2006 at an opening price of EUR 16.75, increased to EUR 32.00 during the following months up to the end of 2006 and closed at the end of 2007 at EUR 48.00.

Management Board

Management Board of BAUER Group:
Prof. Thomas Bauer, CEO of BAUER AG, Erwin Stötzer (BAUER Maschinen GmbH), Peter Teschemacher (BAUER Spezialtiefbau GmbH), Heinz Kaltenecker (BAUER Resources GmbH).

“The shareholdings are spread so widely that Bauer will remain an independent family business“ – this is how Thomas Bauer described the outlook. For a company so rich in tradition, the flotation was a truly significant event. At its home base in Schrobenhausen, Bauer can look back at a company history of more than 200 years. At the beginning stood a copper smith’s workshop founded in 1790. The business went through various changes and from the 1920s until well into the 1950s Bauer became a well drilling business.

Since the middle of the last century, Bauer has been known as a specialist foundation engineering company. During the reconstruction phase after the second World War, Dr.-Ing. Karlheinz Bauer, born in 1928, took the Company further and further into this emerging construction sector. A big leap forward came in 1958 with the invention of the grouted anchor. Since then, large excavations can be anchored back without the need for props. Bauer was able to capitalize on its anchor patent by issuing licences and by using it for its own construction

activities. As a result, the Company enjoyed an above average growth, which increased soon after with the newly formed equipment manufacturing business. With innovative power and new construction processes, Bauer shaped the development of specialist foundation engineering and construction and carried out an extensive programme of works, which included mainly deep excavations, foundations and the waterproofing of dams. The reference list ranges from anchor construction works for the tent roof of the Olympic Stadium in Munich in 1972 to the foundation construction works for the Burij Dubai.

GmbH

BAUER Spezialtiefbau GmbH Secant bored pile retaining walls for tunnel Lugano, Northern Bypass, Switzerland

During the period after German reunification, Bauer, together with the former East German company Schachtbau Nordhausen, founded SPESA Spezialtiefbau und Sanierung, and soon afterwards the entire Schachtbau Nordhausen GmbH was acquired from the Privatisation Agency, the Treuhandanstalt, in Berlin. This extended the range of activities, as a result of which Bauer is now also engaged in the construction of sewage treatment works, in tunnelling and deep mining and in bridge construction, as well as building restoration works. Today, Nordhausen is Bauer’s second largest base in Germany.
As early as the 1960s, BAUER Spezialtiefbau GmbH carried out its first overseas contracts and, assisted not least by the globalisation it had actively pursued since the 1980s, the Company survived the very severe construction crisis relatively unscathed, during which construction in Germany dropped steadily between 1995 and 2005 and the number of employees in the construction industry was cut by half. Through subsidiaries and affiliated companies, Bauer Spezialtiefbau now operates on all continents around the world.

During recent years, strategic project management networks were set up overseas that operate independently in different regions of the world. As a result, it was possible to cope with the 2006 crisis in Lebanon by sourcing contracts in Turkey and then relocating all plant and equipment. Likewise, the Bauer office in the United Arab Emirates carried out contracts in India. At present,

the management of BAUER Spezialtiefbau GmbH is noting with some relief that the construction market in Germany is also showing signs of improvement and yielding an increased number of contracts.
Over the past 15 years, the machinery and equipment sector has been the fasted growing segment. BAUER Maschinen GmbH, together with its subsidiary companies, offers a more comprehensive range of machinery, equipment and tools for specialist foundation engineering than any other manufacturer in the world. Within a few decades, Bauer has established itself as world leader in this sector, although the active marketing of machinery and equipment was not commenced until the beginning of the 1990s. This rise is even more remarkable, as the first Bauer rig – an anchor drill – was only deployed on site around 1970. In 1976, the first large diameter heavy-duty drilling rig followed, which today is the domain of Bauer Maschinen with almost 2000 rigs of the BG‑series in service worldwide.
Bauer also provides diaphragm wall equipment and – primarily through the subsidiary companies of the Bauer Maschinen Group – RTG pile driving rigs, Klemm anchor drilling technology and drills for geothermal exchange heat pumps, MAT mixing plant technology, Eurodrill rotary heads and drifters, Prakla well drilling and geothermal drilling rigs and Pileco diesel hammers. Extensive know-how has been incorporated in the design of all drilling tools.    

The main machinery and equipment works are still located at the Company’s home base in Schrobenhausen. Other production facilities in Germany are operated by Klemm and Eurodrill in Drolshausen, Sauerland. The engineering works of Schachtbau Nordhausen are the most important supplier for Schrobenhausen. The same consistently high quality control standards are also applied to the Company’s other production facilities in Russia and China, the USA, Malaysia, Italy and Sweden. The Bauer Maschinen Group presents its new developments regularly at the Bauma in Munich and at in-house exhibitions in Schrobenhausen. The most recent highlight was Bauma 2007 where Bauer once again presented the most comprehensive range of machinery, equipment and tools for specialist foundation engineering.

GmbH Down-hole hammer

BAUER Resources GmbH Down-hole hammer drilling with Prakla RB50 to provide water supply to greater Windhoek in Namibia.

The new Bauer Resources segment seeks to restructure and consolidate several activities previously carried out by Bauer. The final trigger for creating the new segment was the acquisition by the Bauer corporation in the Spring of 2007 of the GWE Group (German Water and Energy), based in Peine. As a result, the “Materials Division“, as it is now called, covers the entire range of products for the exploration and development of groundwater resources and for the extraction and distribution of water. All those activities previously carried out by Bauer Maschinen in relation to the exploration of mines and exploratory boreholes in the search for diamonds – primarily in Canada, Australia and South Africa – will be expanded in the new Mining Division. In addition, the Mining Division will also offer solutions for heating and cooling systems by near-surface geothermal exchange or so-called ground source heat pumps.  The Bauer Environment Group – now operating as Environment Division – deals with the

remediation of contaminated soil and the remediation and treatment of groundwater together with the appropriate treatment plants.
BAUER AG has never called into question its home base in Schrobenhausen, 70 kilometers north-west of Munich, from where the network of over 90 individual companies worldwide with around 6700 emoployees is controlled. The largest investment programme in the Company’s history is currently being carried out in Germany with the construction of new headquarters and, most notably, with the extension of existing machinery capacities.
At the end of the financial year 2007, Bauer generated total Group revenues of EUR 1.2 billion, an increase of more than 20 percent compared with the previous year. According to preliminary results, the distribution across the business segments shows Construction at 44 percent, Equipment at 47 percent and Resources, during its the start-up phase, at nine percent.
Contact

BAUER Aktiengesellschaft
BAUER-Straße 1
86529 Schrobenhausen
Tel.:    +49 8252 97-1218
Fax:    +49 8252 97-2900
Email: margit.bauer@bauer.de


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