# Trumpf

Trumpf SE + Co. KG is a German family-owned company based in Ditzingen near Stuttgart, Baden-Württemberg. It originates from Julius Geiger's mechanical workshop. The Trumpf and Leibinger families transformed the medium-sized company into a globally recognized industrial group. Today, the company is one of the world’s largest suppliers of machine tools and a leader in laser technology. Trumpf is one of the most well-known representatives of the German 'Mittelstand.'

## History
### Growth in early years

Christian Trumpf bought Julius Geiger's mechanical workshop in Stuttgart, Germany in 1923. The company initially produced flexible shafts. These were used to drive drills and other tools. Following the development of a motorized drive, the shafts were increasingly used in industry, for example in metal and woodworking. The first motorized hand shears for cutting sheet metal were introduced by Trumpf in 1934.
In the 1920s, the company grew to more than 70 employees. In 1933, the administrative and production headquarters were moved to Weilimdorf, a suburb of Stuttgart. To reflect the change in ownership, the company name was changed to Trumpf & Co. in 1937. The new name was used with the additional text "formerly Julius Geiger" for a few years after the change.
During the 1930s and 1940s, Trumpf manufactured mainly flexible shafts and electric hand shears. The company was a supplier to Elektron Co. of Bad Cannstatt, a manufacturer of compressed air systems. This company produced foot pumps that were also used in military aircraft. Trumpf employed around 100 people during the Second World War. A third of them were French forced laborers. Most of them came from Vierzon, south of Paris, France.

### Post-war reconstruction

The company's factories remained largely undamaged during the war. As a result, production quickly resumed after the end of the war. By 1950, Trumpf was generating more than one million DM in sales revene. The rapid growth of German economics across all industries boosted demand. During the 60s and 70s, the company was no longer focused mainly on flexible shafts and electric hand shears.
The foreign customer base that Trumpf built up through its presence at international trade fairs also contributed to growth. The first foreign subsidiary was established in Switzerland in 1963. In 1969, the company entered the US market. In 1977, Trumpf entered the Japanese market. Trumpf products were sold in more than 100 countries.
Trumpf continued to expand its production capacity to meet growing demand. In 1972, the company moved its headquarters to Ditzingen near Stuttgart, where new administration and production buildings were built. The company's head office is still located there today.

### Ownership transition

As Christian Trumpf had no children, he appointed Hugo Schwarz as commercial director in 1953. Berthold Leibinger was appointed technical director in 1966. Leibinger gradually bought out the Trumpf’s shares, so that by 1972, Leibinger and Schwarz were the sole shareholders.
When Trumpf died in 1977, Leibinger succeeded him, becoming CEO in 1978. Under Leibinger's leadership, many innovations were developed. The first sheet-metal working machine with numerical path control attracted worldwide attention. This machine was based on a patent for coordinate guidance that Trumpf had registered in 1957 as the result of Leibinger's diploma thesis. In 1985, Trumpf also introduced its first carbon-dioxide laser, which formed the basis for a further business division.

### Global expansion

In the 1980s and 1990s, Trumpf developed from a medium-sized, southwestern German, or Swabian, company into a global corporation. The company's strategy became an exceptional example of success for the German mechanical engineering industry.
Leibinger played a key role in the company's rise to market leadership. In 2005, he moved from the managing board to the supervisory board, where he remained as chairman until 2012. His daughter, Nicola Leibinger-Kammüller, took over the management of Trumpf. Following Leibinger-Kammüller's installation, turnover has risen from around €1.5 billion in the 2005/06 financial year to €5.4 billion (2022/23). Leibinger-Kammüller broadened the group's base by setting up a bank and expanding software development capabilities. More recently the company has further developed into Industry 4.0 positioning itself in the areas of smart factories, quantum technology and 3D printing.

## Criticism

Trumpf, a German manufacturer of machine tools, faced criticism for maintaining operations in Russia despite international calls for companies to exit the market following the 2022 Russian invasion of Ukraine. The company reported revenues in Russia during 2021-2022 but did not issue any official statements regarding its activities in the country. In 2023, Trumpf's revenue in Russia significantly decreased compared to 2022, suggesting a reduction in business operations. However, customs data from 2023 revealed that components from Trumpf were supplied to Russia via intermediaries, raising concerns about the company's commitment to scaling back its presence in the region.

## Operations
### Ownership

The holding company Trumpf SE + Co. KG is the organizational umbrella under which the Trumpf group operates. All investments are consolidated at the group level. Trumpf has more than 80 operating subsidiaries.
Trumpf is wholly owned by the Leibinger family (90%) and the Berthold Leibinger Stiftung, foundation (10%). There have been no non-family shareholders since 2003. The Berthold Leibinger Stiftung is a key element of Trumpf's social responsibility efforts. The foundation supports non-profit, charitable, and church organizations, and also undertakes its own sponsorship projects in areas such as culture, science, church, and social welfare. It collaborates with the Doris Leibinger Stiftung, another foundation established by the Leibinger family, to further expand its philanthropic activities.

### Management

The managing board of Trumpf consists of seven persons (as of July 2023); the chairwoman is Nicola Leibinger-Kammüller. The other members are Mathias Kammüller (Chief Digital Officer), Lars Grünert (Chief Financial Officer), Berthold Schmidt (Chief Technology Officer) and Oliver Maassen (Chief Humar Resources officer) as well as Stephan Mayer (machine tool division) and Hagen Zimer (laser technology division).
The supervisory board of Trumpf consists of an equal number of shareholder and employee representatives. It consists of twelve members (as of July 2023); four of which are women. The chairman is Peter Leibinger. Other known members are Regine Leibinger and Rainer Neske.

## Business activities and divisions

The operational business of the Trumpf group is organized into two divisions for machine tools and laser technology. In addition, there are four operating divisions for high-power lasers, additive manufacturing, laser diodes, and financial services.

### Machine tools

Trumpf has traditionally focused on the flexible processing of sheet metal and tubes. Its portfolio includes machines and systems for cutting, punching, bending and welding. These machines are used in the production of simple sheet metal parts, such as brackets, enclosures or housings, or for components of larger products manufactured, for example in machine and plant construction, commercial vehicles, air-conditioning technology and furniture construction.

### Laser technology

Laser technology is an alternative to sawing and milling. Trumpf manufactures carbon dioxide and solid-state lasers (disc and fiber lasers). These can be used to cut and weld metal and to mark and process surfaces with lasers. The company's continuous wave, short and ultrashort pulse lasers are used, for example, in the automotive, energy, aerospace and medical technology industries.
High-power laser amplifiers also play a central role in the manufacture of microchips. They are used to generate a plasma that provides the extreme ultraviolet (EUV) radiation for exposing wafers. The portfolio also includes laser diodes, which are used in smartphones or battery components of electrified cars, for example. Employees knowledgeable about Trumpf's laser amplifier technology have been a recruitment target of Huawei.

### Locations

Trumpf operates internationally, with a strong presence in major markets across Europe, America, and the Asia-Pacific region. As of the 2021/22 fiscal year, the company has 86 subsidiaries worldwide. Its production facilities are located in several countries, including Germany, China, France, the UK, Mexico, and Switzerland.
In Germany, Trumpf has traditionally had a strong presence in Baden-Württemberg, where 8 of its 14 domestic locations are situated. Over 8,000 employees work for Trumpf in Germany, representing half of the company's global workforce. Despite this, the Asia-Pacific region is a key market, generating around a quarter of the company's total revenue.

### Key data

| in Mio. Euro | 2017/18 | 2018/19 | 2019/20 | 2020/21 | 2021/22 | 2022/23 |
| Turnover | 3,565,6 | 3,784,0 | 3,487,7 | 3,504,7 | 4,222,8 | 5,364,5 |
| Profit (EBIT) | 534,7 | 349,3 | 309,1 | 369,5 | 468,4 | 615,4 |
| Total revenue | 3,469,8 | 3,939,2 | 3,914,7 | 4,225,0 | 4,586,1 | 5,019,1 |
| Equity ratio | 54.1% | 51.4% | 51.5% | 47.7% | 52.1% | 53.8% |
| Employees | 13,420 | 14,490 | 14,325 | 14,767, | 16,554 | 18,352 |

## Awards and honours
### German Future Prize

In 2013, Trumpf was awarded the German Future Prize (de: Deutscher Zukunftspreis) for its collaboration with Robert Bosch, researchers from Fraunhofer IOF, and Friedrich Schiller University Jena in developing an ultrashort pulse laser for industrial mass production.
In 2020, Trumpf received the German Future Prize again, this time for its groundbreaking contribution to the production of modern microchips using EUV (extreme ultraviolet) lithography. This achievement was the result of a partnership with ASML, Zeiss, and Fraunhofer IOF.

### Hermes Award

In 2020, Trumpf was awarded the Hermes Award for its development of the "Omlox" standard. This standard allows for the technology- and manufacturer-independent provision of location data. The development of Omlox involved the collaboration of over 60 industrial companies.

### Miscellaneous

In 2022, Forbes included Trumpf on its list of the World's Best Employers. The Trumpf Group is recognised as an example of balancing economic interests with employee satisfaction, implementing measures such as annual working time accounts to support this balance.