Leopold Kostal GmbH & Co. KG
Company Profile
Business Overview
-The Company is a family-owned entity based in Germany, which develops and produces electronic, electromechanical, and mechatronic products for automotive and industrial applications.
-The Company is organized into five business divisions:
Automotive Electrical Systems | Manufactures mechatronic and electrical systems for the automotive industry |
Industrial Electronics | Focuses on drive, electronic and photovoltaic systems for markets outside the automotive industry |
Connectors | Develops and manufactures plug connector systems primarily for the automotive industry |
Solar Electric | Specializes in the development of inverters and storage for photovoltaic systems |
SOMA Test Technology | Provides customers with testing and automation systems for mechatronic and electronic products |
-Sales in the Company’s Automotive Electrical Systems division comprised approximately 87% of its total sales for the fiscal year ended December 31, 2023. It is the world market leader in the steering column modules, shift-by-wire modules, and door control units, with market shares of over 30% for each system.
Competitors
Shareholders
-The Company is a private, family-owned entity.
Products
Automotive Electrical Systems
-Steering column modules
-Roof modules
-Center console modules
-Rain/light sensors
-Shift-by-wire systems
-Body network control units
-Door control units
-Seat control units
-Tailgate control units
-Switch panels
-Smart surfaces
-Smart displays
-Faceplates
-Switches
-Driver assistance cameras
-Touch sensitive control modules
-Interior fragrance systems
-Power application control units / Battery charging units
-Onboard battery charge controllers
-Onboard chargers
-DC/DC converters
-Charging interface control units
-Smart battery chargers
-Combined battery charger and DC/DC converters
Connectors
-Terminals
-Connectors
-Headers
-Housings
-Connectors for high-voltage application
-Oil performance connectors
-Seals
Enector wallbox home EV charging system
History
1912 | The Company founded the parent company, known informally as "LK". The firm's first products are sockets, plugs and switches for industrial and domestic use. |
1927 | Entered the automobile electrical business, with a direction indicator switch which the Company designed. |
1953 | The emphasis of the Company is placed firmly on the design, development and manufacture of products for the automobile industry. |
1973 | Kostal of Mexico is established. |
1978 | The electronics side of the business is developed. |
1978 | Established a facility in Brazil. |
1981 | Leopold Kostal KG is converted into a GmbH & Co. KG. |
1981 | Kostal of USA and Kostal of Ireland are established. |
1987 | The sensors side of the business is developed. |
1987 | Kostal of Spain is established. |
1990 | Kostal of UK is established. |
1992 | Kostal of Japan is established. |
1993 | Kostal of Czech Republic is established. |
1995 | The 4 business divisions are created: Automotive Electrical Systems; Industrial Electronics; Connectors; and Test Technology. |
Acquired an Italian subsidiary of the Fornara group, Imos Italy. | |
KOSTAL of China is established. | |
1999 | Kostal of France is established. |
2001 | Mallow plant is established in Ireland. |
2003 | Zdice plant is established in Czech Republic. |
2004 | Business divisions Industrial Electronics Systems and Connectors are transformed into legally independent companies. |
2006 | Kostal is established in South Korea. |
2007 | Kostal is established in Ukraine. |
2008 | Foundation of the Joint Venture with NTTF in India. |
2012 | Kostal celebrates its centenary: "100 years KOSTAL" |
Sep. 2018 | Kostal Kontakt Systeme, Inc., announced that it is investing for a new facility in Rochester Hills, Michigan. |
Feb. 2023 | Opened a new central hub office in Budapest, Hungary. |
Aug. 2023 | The Company completed the acquisition of Compleo Charging Solutions AG, Germany. |
Oct. 2023 | Opened its fourth production plant in Mexico, located at the FINSA III Industrial Park, Queretaro, for power electronic components for EVs. |
Supplemental Information 1
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Note: A figure in brackets ( ) indicates a loss