Kendrion posts stable performance of continuing operations

Kendrion today announced that it has completed the sale of its Automotive business in Europe and the US to Solero Technologies LLC (“Solero Technologies”) and affiliates.

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Kendrion N.V. confirms that all resolutions that were brought up for vote were adopted by the general meeting of shareholders earlier today.

Kendrion today announced that it has entered into an agreement to sell its Automotive business in Europe and the United States to Solero Technologies LLC (“Solero Technologies”) and affiliates.

Solid year in a challenging market environment, ready for economic rebound in 2024

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Following the press release of 29 August 2023, Kendrion reports that it has fully resumed operations following the recent cyber incident.

On 29 August 2023, Kendrion reported the identification of a cyber security incident involving unauthorized third-party access to certain of the company’s IT systems. Upon becoming aware of the incident, the company immediately shut down all affected IT systems to contain the incident, engaged leading cyber security experts, and activated its response protocol, including contingency plans to continue operations without these systems.

Today Kendrion has restored all key IT systems, ensuring minimal disruption for customers and employees. The incident has had no significant impact on our customer deliveries and is not expected to have a material impact on the company’s financial results.

Kendrion is assessing the extent to which data has been lost or compromised.

Kendrion has recently identified a cyber security incident which involves an unauthorized third party that has gained access to the Company’s systems. Immediately upon becoming aware of the incident, the Company took down all its systems to contain the incident.

The Company has activated its response protocol, which includes contingency planning to continue operations.

Investigations are ongoing with the support of leading third-party cybersecurity experts. Based on the current status of the investigation, the Company cannot rule out that the unauthorized party has obtained data from its systems. More information will be disclosed if and when appropriate or required.

Kendrion demonstrates resilience in deteriorating market circumstances

In an interview with Beleggers Belangen, CEO Joep van Beurden expresses his enthusiasm for the new factory in China, highlighting the positive impact it will have on strengthening Kendrion's position in the region. The company has shifted its focus to energy-clean applications, with wind turbines, electric vehicles, and robotics already contributing to 65% of their total turnover.

The Dutch newspaper ‘De Telegraaf’ has published an interview with Kendrion CEO Joep van Beurden featuring our strategic plans in China, electrification and how we respond to it, and our growth ambitions in Automotive. Read the summary of the interview:

Today, Kendrion officially opened its new 28,000m2 manufacturing facility in Suzhou’s Industrial Park in China to serve Kendrion’s growing Chinese customer base. The new state-of-the art plant is the biggest yet in the Kendrion Group and is a powerful testament of the company’s commitment to further growth. Kendrion’s executive management, senior Suzhou government officials and employees attended the official ceremony.

Kendrion posts record revenues in more stable market environment

Kendrion N.V. confirms that all resolutions that were brought up for vote were adopted by the general meeting of shareholders earlier today.

Customized permanent magnet and spring-applied brakes from KENDRION

Servo motors require the right brake technology. We have both technologies in our extensive portfolio. As a manufacturer of permanent magnet (PM) and spring-applied brakes offers its industrial customers customized quality solutions that meet all the requirements of the respective application.

Kendrion, a leading manufacturer of electromagnetic solutions, will be exhibiting at the Parcel+Post Expo in Amsterdam for the second time from 22 to 24 October 2024, presenting its latest solutions for the growing demands of the logistics and postal industry. The focus of the trade fair presence will be on locking solutions that have been specially developed for applications in compact spaces, such as those required in post boxes and lockers.

From November 12 to 14, 2024, Kendrion will be presenting the latest solutions in control technology, electronics and embedded systems, as well as electromagnetic brakes for industrial automation, at the SPS in Nuremberg in Hall 4, Booth 381. The focus of the trade fair appearance will be on high-performance solutions and automation concepts that have been specially developed for the industrial sector. Visitors can look forward to a wide range of solutions for mechanical engineering, robotics, industrial automation and other demanding application areas.

We are driving the transformation with customized braking solutions.
The logistics industry is on the brink of transformation: the use of Automated Guided Vehicles (AGVs) is growing rapidly and is increasingly replacing traditional industrial trucks. AGVs offer numerous benefits, including enhanced efficiency, reduced operational costs, and a way to address labor shortages. We at Kendrion, with decades of engineering expertise in the field of brakes for industrial trucks, are actively supporting this change and assisting manufacturers in transitioning to AGVs with two specially developed, tailored product lines.

3T Electronics & Embedded Systems, an electronic design house located in the Netherlands, is announcing its participation in the World of Technology & Science (WOTS) 2024, taking place from September 24-27, 2024, in Utrecht. Visitors can explore 3T’s expertise and latest innovations at booth 9C089.

Following the recent launch of the Econo 328, Kendrion is now expanding its portfolio with the Econo 328 APP. This versatile machine automation solution offers engineers flexible app management options and is equipped with the innovative FLECS Core, which enables machine builders to manage automation apps easily and securely.

Medical technology: Automate processes safely with brakes from Kendrion

Automating processes in medical technology requires maximum precision and safety. After all, life and limb are at stake here. In concrete terms, this means "zero tolerance" for the movements performed and "zero backlash" for the brake technology used. Our permanent and spring-applied brakes are ideally suited for sensitive applications in medical technology. We have consistently advanced our product portfolio in parallel with the rapid technological development in this field and today offers customized solutions that meet the high requirements across the board.

3T Electronics & Embedded Systems, a leading Netherlands-based company and part of the Kendrion Group, is excited to announce the successful launch of its newest location in Drachten. The doors were officially opened on April 11, 2024, marking a significant milestone in 3T's journey of expansion and innovation.

Precise control for maximum safety

While autonomous driving is still in the pilot phase in road traffic, it is already common practice in the field of industrial trucks. The example of US manufacturer Bastian Solutions shows how this trend is affecting the design of industrial trucks and, as a result, the brake design. We have equipped Bastian Solutions CB18 automated guided forklift (AGF) with customized spring-applied brakes, which are characterized, among other things, by a finely tuned braking torque within a narrow tolerance band.

Kendrion provides a significant solution in fire protection for shipbuilding with its proven door holding magnets from the GTR050.150002 and GTR070.074001 series. Specifically designed and successfully certified, they offer a reliable solution for fire protection requirements in maritime environments.

New Industrial PC, based on the Industrial Raspberry Pi 4 platform, combines Edge Controller and Industrial Control in a compact device

We set standards in prototype construction for individual drive solutions

Prototyping has a central role in our project business. Tailor-made designs with a high level of vertical integration and comprehensive testing options under real conditions ensure that every integrated brake harmonizes perfectly with the application specification and the geometry of the electric motor. Our longstanding expertise as a brake specialists from Villingen-Schwenningen guarantees fast, flexible and high-quality implementation of the customer-specific drive solution.

Kendrion Industrial Brakes is pleased to announce it has entered into a strategic agreement with Miki Pulley Group, Japan, to introduce innovative permanent magnet brake technology to the Japanese market. The agreement is the starting point for the development of a long-term business relationship that will benefit both companies, as well as the customers of brake expert Miki Pulley.

For more than five decades, our spring-applied brakes from INTORQ have ensured that electric motors in all types of industrial trucks can be braked safely. As part of the energy transition and the corresponding electrification of the transport sector, we as the brake specialists from Aerzen have significantly expanded our area of application and are now increasingly making our expertise available in the area of e-mobility. Industrial trucks manufacturer benefit not only from tried-and-tested quality and a customer-optimized brake design, but also from our energy-efficient technology, which is produced sustainably.

Kendrion, a global leader in the development and manufacturing of electromagnetic solutions, is pleased to announce its debut as an exhibitor at the Parcel+Post Expo in Amsterdam. The exhibition will take place from October 24th to October 26th, 2023, providing a unique platform for experts and professionals in the parcel delivery, postal services, and e-commerce logistics sectors.

The wind power industry is facing new challenges as the next generation of wind turbines has ever higher performance requirements and cost pressures. We at Kendrion INTORQ offer a brake product range for yaw and pitch systems that is specially tailored to the growing requirements of the industry.