NKE Austria News: New managing director in Steyr
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Matthew Ortner is newer Managing Director at the roller bearing manufacturer NKE Austria GmbH. The previous deputy managing director took over the management in Steyr from 2022. You can find this and other company announcements below:
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NKE Austria with a new managing director
18.03.2022: Matthias Ortner is the new managing director at the roller bearing manufacturer NKE Austria GmbH. Before he was deputy general manager. "In this function, Matthias Ortner will continue the business of NKE Austria in a proven and confidential manner and make the company even more innovative and agile," says Carlos Ohling, CEO of the Spanish parent company Fersa Bearings, who temporarily held the management with Ortner as deputy. "We are confident that Mr. Ortner's knowledge, values and skills are capable of assuming responsibility in his new role and continue to drive NKE's development and growth in the years to come."
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Matthias Ortner started at NKE in 2018 as financial director, gained further experience in leading human resources and supply chain management, and has been Deputy Managing Director since October 2020. He holds a bachelor's degree in business and management from the Management Center Innsbruck, a master's degree in controlling, accounting and finance from the University of Applied Sciences Upper Austria, and completed an advanced course on "Digital Transformation" at Stanford University, USA. After his studies, he worked as a management consultant at Ernst & Young.
Fersa Bearings acquires 100% stake in NKE Austria
27.11.2018: On October 19, 2018, the Spanish Fersa Bearings SA officially completed the purchase of the Austrian company NKE Austria GmbH. Fersa Bearings already acquired 2016% of the NKE shares in 49. With the purchase of the remaining 51 percent, the Austrian company is now 100 percent owned by Fersa.
The group of companies is now finally consolidated and will in future offer its bearings under two brand names: Fersa for the Automotive sector and NKE for the industrial sector. Fersa hasn't ruled out adding more brands to its portfolio in the near future.
The merger strengthens the group's presence in Central Europe as part of the internationalization campaign that began in 2002 with the purchase of shares by the investment capital company Going Investment. Since then, Fersa Group has grown into a global group of companies with four state-of-the-art production centers, six distribution centers and four R&D centers, two in Europe and two in Asia. With a workforce of more than 500 employees, the group is present in more than 95 countries on five continents.
The merger of the two brands also has a positive impact financially: for 2018, a Turnover of more than 80 million euros and earnings before interest, taxes, depreciation and amortization (Ebitda) of more than 9 million euros. For 2020, sales of more than 110 million euros and an Ebitda of 15% of sales are expected.