Orenstein & Koppel
German engineering company / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Orenstein & Koppel?
Summarize this article for a 10 year old
Orenstein & Koppel (normally abbreviated to "O&K") was a major German engineering company specialising in railway vehicles, escalators, and heavy equipment. It was founded on April 1, 1876, in Berlin by Benno Orenstein and Arthur Koppel.
Company type | Public |
---|---|
Industry | Manufacturing |
Founded | 1 April 1876; 148 years ago (1876-04-01) |
Founder | Benno Orenstein Arthur Koppel |
Defunct | 1 January 1999; 25 years ago (1999-01-01) |
Fate | Acquired |
Area served | Worldwide |
Products | Railway vehicles Heavy equipment Escalators |
Parent | New Holland Construction |
Originally a general engineering company, O&K soon started to specialise in the manufacture of railway vehicles. The company also manufactured heavy equipment and escalators. O&K pulled out of the railway business in 1981. Its escalator-manufacturing division was spun off to the company's majority shareholder at the time, Friedrich Krupp AG Hoesch-Krupp, in 1996, leaving the company to focus primarily on construction machines.[1] The construction-equipment business was sold to New Holland Construction, at the time part of the Fiat Group, in 1999.[2][3]