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HistoryAlfred August Wirth - The savior of the IBGAlfred August Wirth is born on August 6, 1878 in Vienna in Imperial and Royal Austria, where he also studies mechanical engineering. He later becomes a technical advisor to the banking firm A. Schaaffhausen (A. Schaaffhausen'sche Bankverein) in Cologne, advising it on the grant of credits to industrial enterprises.
The Bankverein, meanwhile in a financial crisis of its own, decides to part with the IBG. Without further ado, the entire drilling equipment park, worth 3.5 million marks, is sold to Deutsche Erd�l AG (DEA) in 1916.
Alfred Wirth manages the firm conscientiously for nearly 17 years and successfully maneuvers it through the economic difficulties of the post-war period. Even after the death of Alfred Wirth in 1933, the Erkelenz firm continues to be a credit to his name. In the 1930s, it perfects the rotary drilling technique - originally from the USA - and establishes it as a new drilling method. In its Moscow office, the company also receives an extremely lucrative contract for the supply of 26 drill turbines. And, in 1936, tool joint production is begun. Post-war period, growth years and integration into the Otto Wolff Group
It is 1977 when Otto Wolff AG takes over all the shares in the firm and it is finally integrated into the Group. The name of the firm is also changed to "WIRTH Maschinen- und Bohrger�tefabrik GmbH, Erkelenz". WIRTH is soldFollowing the first signs of a crisis in the Otto Wolff Group - which also affects WIRTH's foreign subsidiaries - the Howden Group PLC, Glasgow, takes over the traditional German firm WIRTH in 1989. Open differences soon occur between the Group management in Glasgow and WIRTH with regard to management style. As a result, WIRTH has an investment ban imposed on it and is forced, in the long term, to reduce personnel. In 1993, only 700 of the former 1200 are left. Four years later, the Howden Group is now itself in crisis and is taken over, together with WIRTH, by Charter PLC, London. But Charter is not interested in the drilling machine business and wants to drop it. That means the possible end of the company in Erkelenz. The Management Buy-out
New Partner of WIRTHIn August 2007, Aker MH AS - an affiliate of the Norwegian mixed enterprise Aker Solutions AS - acquired 50 % of the shares of WIRTH GmbH. Aker Solutions is one of the largest manufacturers of equipment for the oil and gas exploitation offshore, worldwide, and has been one the most important customers of WIRTH for already more than 20 years. This consolidation with a strong partner strengthens the position of WIRTH in the international markets further. New OwnershipSince 2008, WIRTH International is an Aker Solutions Company! Today, WIRTH enjoys a first class reputation worldwide as a partner for infrastructure projects, for mining and also as a supplier to the energy industry. |
Contact Information Aker Wirth International, L.P.
Operations
9841 Windmill Park Lane
Houston, Texas USA 77064 Phone:
(281) 970-9478
Fax:
(281) 970-3285
Corporate Office
1181 Brittmoore Road Suite 300
Houston, Texas USA 77043 Phone:
(713) 465-0050
Fax:
(713) 465-0095
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