FRABA GROUP CELEBRATES 100TH BIRTHDAY WITH STRONG FINANCIAL PERFORMANCE AND MARKET GROWTH
The international FRABA Group, which is about to mark the 100th anniversary of its founding, has enjoyed a year of significant growth in sales and profitability. In fiscal 2017 (ending December 31) turnover increased by 21.5% over the previous year, with total sales revenues of € 31.5 million. Growth has been driven by strong performance of the Group’s two product-oriented business units: POSITAL (industrial position/motion sensors) and VITECTOR(safety/security systems for large motorized doors). FRABA now has 220 employees, located at offices in Europe, Asia and the USA.
“Our success has been the result of hard work and careful planning” comments Christian Leeser, majority shareholder and CEO of the FRABA Group. “Innovative products, such as our high-resolution IXARC magnetic rotary encoders and the motor feedback Kit Encoders have been well received by the market”. Leeser continues: “Our future success will be supported by our Aachen-based R&D center, which is making significant progress in the development of innovative signal processing algorithms for of our magnetic encoder products and improved performance from our Wiegand wire energy harvesting technologies.”
While the VITECTOR business experienced significant growth, especially in North America, the largest area of advance was in the production of compact Wiegand devices for energy harvesting. In 2017, production of these ‘mini-power plants’ (which convert rotary motion into electrical energy through a magnetic process) more than doubled. FRABA, which is the exclusive producer of Wigand wire, makes use of this technology in its self-powered rotation counters for multi-turn encoders. It also supplies Wiegand modules, packaged as surface-mountable devices, to manufacturers of gas and water meters. Here, the energy harvesting capability is used to eliminate the need for external power or batteries. There are now more than 500,000 Wiegand devices in use worldwide.
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