Kendrion

Company Description

Kendrion is a technology company that makes electromagnetic components and smart actuators—the hidden mechanical parts that make things move, stop, or hold in place. Their products are essential but often invisible: electromagnetic brakes in wind turbines and elevators, solenoid valves in industrial machinery, locking mechanisms in automated vehicles, and control systems in robots. The company operates through two main business groups: Industrial Brakes, which produces electromagnetic brakes and clutches for wind turbines, robots, automated guided vehicles, and medical equipment; and Industrial Actuators and Controls, which makes solenoids, valves, and control units for industrial automation and energy distribution. Kendrion's products ensure safety-critical systems can stop precisely when needed and hold firmly when required. With roots dating back to 1859 in Germany, Kendrion evolved through various mergers and acquisitions into a focused industrial technology company. Headquartered in Amsterdam and listed on Euronext Amsterdam, the company operates manufacturing facilities across Europe, the Americas, and Asia. In 2025, Kendrion sold its automotive business to Solero Technologies to concentrate fully on higher-margin industrial markets. With approximately 1,600 employees and €506 million in 2025 revenue, Kendrion is led by CEO Joep van Beurden and CFO Jeroen Hemmen. The company's strategy prioritizes profitability over growth, targeting an EBITDA margin of at least 15% through focus on electrification, clean energy, and industrial niches. Kendrion is positioning itself to benefit from trends in factory automation, renewable energy, and the electrification of industrial processes.