Organic growth with a focus on the essential

The development of the four companies, which today operate as four successful brand entities in the WTG, is closely tied to the development of abrasive product usage. Since 1876, new products and solutions have emerged either as quick responses to current developments or they have appeared through the engineering efforts of the individual companies. And their number is by no means insignificant. Since the founding of the company, Winterthur has been a driving force in abrasive products. The company history shown below more chronicles the commercial development of the company than the innovations, which may be found on the individual companies’ websites.

The history of the Winterthur group is also a history of successful mergers and acquisitions based on the philosophy “It is not the customer who must come to us, but we who must go to the customer." Since their establishment, each of the four companies has undergone major changes prior to their integration into the WTG. Remarkable is the fact that none of the numerous mergers has failed so far. This is on the one hand due to the careful selection of merger candidates and on the other hand due to a thorough approach, solid financing and, of course, the presence of the same criteria that count as essential indicators of potentially successful merger into the group. The products must complement each other, the customers must benefit, the employees must understand and support the merger and the new alliance must provide healthy growth. So far, the Winterthur Group has succeeded so well in accomplishing this that the WTG ranks among the top 3 in the global abrasive products market today. 

Company History

1876

Foundation of the Rappold Schleifmittel Industrie in Austria.

1906 Foundation of the 'Schweizerische Schmirgelscheibenfabrik' ("Swiss grinding wheel factory") in Winterthur.
1920

Foundation of the Wendt company, an abrasive products company.

AAB Svenska Naxos is created through the merger of three competitors: AB Svenska Naxos, Norska Stenkärsfabriken and AB Amerikanska Smergelskiffabriken.

1967 Boart Longyear joins Wendt as an associate partner. The subsequent increase in capital boosts product and market expansion.
1981 The Schweizerische Schmirgelscheibenfabrik starts a modernisation programme and invests in new machinery and equipment. Name change to WST Winterthur Schleiftechnik AG.
1983 Start of the production of synthetic-resin, metal-bonded and galvanic grinding wheels at Wendt India Ltd., Bangalore, as part of a joint venture with Cumi.
1985 WST sets up sales subsidiaries in the USA and Germany. 
1986 With acquisition of Dunnington, USA, Wendt opens the door to the American industry and sale of steel and super alloy machining products for use in the aeronautics and automotive industries, etc.
1992 After years of cooperation in bonded abrasives, the Austrian Rappold Group acquires WST Winterthur Schleiftechnik AG.
1993 Wendt purchases Samedi in Spain.
1996 Morgan Grenfell Private Equity purchases SlipNaxos AB, the former AB Svenska Naxos
1997 With its takeover of Diacraft, USA in 1997, Wendt succeeds in merging several well-established grinding-wheel manufacturers in the USA and hence significantly expanding its market presence in the American industries.
1998 Wendt took over the industrial branch of Diamant Boart.
1999 The Swedish Slip Naxos group and Rappold Winterthur are purchased by the new Abrasive Technologies Holding AG in Zug, Switzerland, which is owned by Morgan Grenfell and the Rappold family.
2002 SlipNaxos sells NaxoFlex AB and hence the "coated abrasives" division to their largest customer, Nastroflex SpA.

The group's corporate structure gradually takes shape. Currently, it combines three companies. Rappold is one of the market leaders for cutting billets and slabs and stands for innovative solutions in large-format cut-off and grinding wheels for the steel industry. SlipNaxos is also a leader in this industry, however, for the grinding of billets and slabs. Together they play a very important role in the global steel industry. Winterthur has acquired great expertise and an outstanding reputation with precision-welding solutions for the automotive, natural gas and aviation turbine industries.

2003

Vision Capital acquires a majority share in ATH with its purchase of the Morgan Grenfell private equity portfolio.

2004 Anglo American plc sells the Wendt group to 3i Group plc to realign its portfolio.
2004 Wendt acquires the company "Diamant-Werkzeuge Hameln GmbH" (DWH).
2005

IPO under the new name Winterthur Technologie AG, Zug (Winterthur Technology plc, Zug).

2007 Wendt's 3i shares are sold to the Winterthur Technology Group.

With its purchase of Wendt, the group rounds out its portfolio, which now covers the majority of the abrasive product market. Wendt adds dressing tools and devices as well as grinding wheels for processing hard-to-machine materials and precision grinding machines to the portfolio. The entire group now provides abrasive solutions for all materials commonly used in the industry, from steel to glass.

2008 Beginning of abrasive tool production in China.
2011 3M takes over Winterthur Technology Group.