The traditional brand "Binder" was the starting point for a very successful development of the business unit Industrial Drive Systems.

In the year 1911 the 20-year old Wilhelm Binder founded his first company "W. Binder". In the early 1920s he began to develop and manufacture electromagnetic components, such as clamping devices, safety solenoids, solenoid drums and shift-lock solenoids. The product range was steadily increased, and productions plants were continuously enlarged.

In 1953, the first appearance at the “Hannover Messe” helped to gain international recognition. Over the years, more than 100 patents and utility models were registered.

In 1997, the company was sold to the Dutch group Schuttersveld N.V. – today known as Kendrion N. V.