Dürr History From workshop to world market leader - Dürr Aktiengesellschaft March 2021 Bietigheim-Bissingen www.durr-group.com - Dürr Group

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Dürr History From workshop to world market leader - Dürr Aktiengesellschaft March 2021 Bietigheim-Bissingen www.durr-group.com - Dürr Group
Dürr History
From workshop to world
market leader

Dürr Aktiengesellschaft
March 2021
Bietigheim-Bissingen
www.durr-group.com
Dürr History From workshop to world market leader - Dürr Aktiengesellschaft March 2021 Bietigheim-Bissingen www.durr-group.com - Dürr Group
Dürr’s history at a glance

1896-1918       Laying the foundation during the German Empire

1919-1932       The ups and downs of the interwar years

1933-1945       The period of National Socialism

1946-1962       Entry into plant engineering

1963-1988       Technology partner to the international automotive industry

1989-2004       IPO and acquisitions

  2005-         Reorientation and investment in the future
 present
                                                                                  1896: The first premises

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Dürr History From workshop to world market leader - Dürr Aktiengesellschaft March 2021 Bietigheim-Bissingen www.durr-group.com - Dürr Group
Laying the foundation
1896-1918   during the German
            Empire
Dürr History From workshop to world market leader - Dürr Aktiengesellschaft March 2021 Bietigheim-Bissingen www.durr-group.com - Dürr Group
1896-1918
Laying the foundation during the German Empire

                        1896                                                                              1917
                        Paul Dürr founds a                                                                During the First World War, in times of extreme material shortage,
                        metal shop for roof                     1906                                      necessity is the mother of invention. Paul Dürr buys iron sugarloaf molds
                        flashing in Cannstatt                   When Paul Dürr erects an                  in order to make many
                        near Stuttgart. The                     additional building on the                different household objects.
                        workshop carries out                    premises, he also expands                 This leads to the creation
                        metal work on roofs and                 his range of machines. The                of a separate sheet metal
                        facades, soon gaining                   company founder sets great                processing business,
                        an excellent reputation.                store by technically advanced             independent of the metal
                                                                manufacturing.                            shop for roof flashing. Dürr’s
                                                                                                          new products include wash
                                                                                                          cauldrons and watering cans.

                      1898
                      Even during the
                      foundation phase,
                                                                                                1913
                                                                                                His work on the roof
                      the order books
                                                                                                of the Stuttgart Arts
                      are well-filled,
                                                                                                Building leads to
                      which is why the
                                                                                                Paul Dürr‘s appoint-
                      craft enterprise
                                                                                                ment as 'Master
                      must move into
                                                                                                Tinsmith to the Court
                      larger premises
                                                                                                of Württemberg' in
                      after just two
                                                                                                1913.
                      years. Paul Dürr buys a residential building with store-
                      rooms and sets up a workplace that is remarkably
                      modern for its time.

 www.durr-group.com     © Dürr Aktiengesellschaft, CCI, Dürr Chronicle, March 2021                                                                                                4
Dürr History From workshop to world market leader - Dürr Aktiengesellschaft March 2021 Bietigheim-Bissingen www.durr-group.com - Dürr Group
The ups and downs
1919-1932   of the interwar years
Dürr History From workshop to world market leader - Dürr Aktiengesellschaft March 2021 Bietigheim-Bissingen www.durr-group.com - Dürr Group
1919-1932
The ups and downs of the interwar years

                                                                                           1928
                                                                                           On November 4, 1928, Otto Dürr
 1920                                                                                      marries Barbara ‘Betty’ Riedl. For             1932
 With the development of virtually vibration-free                                          more than 40 years, Betty works                Otto Dürr takes over management of the
 welded constructions, Paul Dürr and his team                                              alongside her husband and is                   business from his father. The handover
 have found a lightweight yet robust substitute for                                        regarded as the soul and                       comes at a point when the company needs
 heavy and expensive cast iron parts. The                                                  commercial conscience of the                   to be steered through turbulent times.
 reduction in weight makes it not only easier to                                           company. With her calm manner,                 Although the global economic crisis in
 handle the finished components but also leads to                                          Betty is a welcome counterbalance              Germany has already passed its peak,
 substantially lower transport costs and customs                                           to Otto’s spirited demeanor.                   its effects have also left deep marks on
 duty rates.                                                                                                                              the Cannstatt craft enterprise.

                                                                                                                  1929
                                                  1923                                                            By the late 1920s, the
                                                  During the crisis year of the Weimar                            sheet metal business
                                                  Republic, Paul’s son Otto joins the family                      has become an inde-
                                                  business. From the very beginning, the                          pendent branch. While
                                                  job requires more than just his skills as a                     the metal shop for roof
                                                  tinsmith. He has to manage the company                          flashing remains a ‘true’
                                                  on behalf of his sick father and lead it out                    craft enterprise for a
                                                  of recession following a period of                              long time, the sheet
                                                  inflation.                                                      metal business relies on
                                                                                                                  the use of increasingly
                                                                                                                  powerful machines and becomes more and more akin to
                                                                                                                  industrial manufacturing, mainly due to the division of labor.

 www.durr-group.com     © Dürr Aktiengesellschaft, CCI, Dürr Chronicle, March 2021                                                                                                 6
Dürr History From workshop to world market leader - Dürr Aktiengesellschaft March 2021 Bietigheim-Bissingen www.durr-group.com - Dürr Group
The period of
1933-1945   National Socialism
Dürr History From workshop to world market leader - Dürr Aktiengesellschaft March 2021 Bietigheim-Bissingen www.durr-group.com - Dürr Group
1933-1945
The period of National Socialism

                                      1936                                                1939
                                       The economic policy of the National                The invasion of Poland by the German army triggers the Second
                                       Socialists focuses on self-reliance                                               World War on September 1, 1939.
                                       and rearmament. This initially leads                                              Dürr becomes part of the Nazi arms
                                       to a perceptible upswing for German                                               industry and delivers, among other
                                       industry. It is not long before Dürr’s                                            things, sheet metal parts for military
                                       order books also look healthy again.                                              vehicles. During the war, the
                                       While a modern production site is                                                 company also uses forced laborers.
        established in Stuttgart-Zuffenhausen, a workshop for apprentices
        is set up in Cannstatt, since the company is training more and
        more new recruits.

                                                            1937                                                              1943
                                                            The first engineer joins the business                             The main plant in Cannstatt is completely
                                                            and a drawing board is purchased –                                destroyed during an air raid. Dürr sub-
                                                            this heralds the beginning of the                                 sequently moves all its activities into the
                                                            engineering era at Dürr. A design                                 Zuffenhausen premises.
                                                            office is established, now enabling
                                                            more complex sheet metal products
                                                            to be manufactured.

 www.durr-group.com     © Dürr Aktiengesellschaft, CCI, Dürr Chronicle, March 2021                                                                                          8
Dürr History From workshop to world market leader - Dürr Aktiengesellschaft March 2021 Bietigheim-Bissingen www.durr-group.com - Dürr Group
Entry into plant
1946-1962   engineering
Dürr History From workshop to world market leader - Dürr Aktiengesellschaft March 2021 Bietigheim-Bissingen www.durr-group.com - Dürr Group
1946-1962
Entry into plant engineering

                                      1949
                                      Otto Dürr realizes that there is
                                      little future for his company
                                                                                       1958
                                      based on the metal shop for                      A clean solution: Dürr enters the
                                      roof flashing and the sheet                      industrial cleaning technology
                                      metal business alone. He toys                    business by building a machine
                                      with the idea of entering the                    for cleaning crankcases and
                                        plant engineering business.                    cylinder blocks. In the same year,
                                         A fact-finding trip to the                    the first pretreatment plant for car
                                         United States reaffirms his                   bodies is installed.
                                         intention.

             1950                                                                                                 1960
             The company completes its first self-built surface treatment plant:
                                                                                                                  Having entered into the family
                                                  a phosphating plant for disk
                                                                                                                  business three years earlier,
                                                  wheels. The plant proves so
                                                                                                                  Heinz Dürr joins his father at
                                                  successful that a patent is filed,
                                                                                                                  the helm of the company
                                                  earning Dürr its first laurels in
                                                                                                                  management. He is parti-
                                                  surface technology. During
                                                                                                                  cularly involved in plant
                                                  the German economic miracle
                                                                                                                  engineering and wants to
                                                  era, the company becomes a
                                                                                                                  increase contact with the
                                                  sought-after plant engineering
                                                                                                                  automotive industry.
                                                  specialist.

 www.durr-group.com     © Dürr Aktiengesellschaft, CCI, Dürr Chronicle, March 2021                                                           10
Technology partner to the
1963-1988   international automotive
            industry
1963-1988
Technology partner to the international automotive industry

                          1963                                                                1967
                          Electrifying new development:                                       Dürr now has more than 1,500                        1973
                          With electrophoretic dip                                            employees. In order to keep                         Headfirst into the
                          coating, Heinz Dürr and his                                         them informed of what is going                      treatment bath: Dürr
                          engineers bring a new coating                                        on in the Group, Heinz and                         presents the VERTAK
                          process to market maturity.                                          Heide Dürr launch an employee                      process. This involves
                          This is Dürr’s ticket to                                               magazine – a first at the                        car bodies being
                          international business with                                            time.                                            immersed vertically into a
                          paint shops for the automotive                                                                                          silo-shaped tank to
                          industry.                                                                                                               receive their protective
                                                                                                                                                  coating against
                                                                                                                                                  corrosion.

                                                                                                                                 1980
                                                                                   1968
                                         1964                                      The environmental technology business
                                                                                                                                 Causing a stir in the
                                         Dürr establishes its first foreign                                                      German industrial land-
                                                                                   unit is established. Exhaust-air              scape: Heinz Dürr takes
                                         subsidiary in Brazil. The reason for      purification is added to Dürr’s portfolio.
                                         this is customer focus: Volkswagen                                                      over as head of elec-
                                         expands its plant in São Bernardo do                                                    tronics giant AEG, which
                                         Campo and wants Dürr to build the                                                       is in need of restructuring.
                                         painting line. Two years later, Dürr               1969                                 Later on, he will also sit
                                         ventures into Mexico, followed by                  Otto Dürr retires from management.   on the board of Daimler
                                         more company foundations in South                  Heinz Dürr takes over sole respon-   and become head of the
                                         Africa, the United States and the UK.              sibility for the growing group of    German Federal Railway
                                                                                            companies.                           after the reunification. But he retains
                                                                                                                                 close ties with ‘his’ company, Dürr.

 www.durr-group.com   © Dürr Aktiengesellschaft, CCI, Dürr Chronicle, March 2021                                                                                           12
1989-2004   IPO and acquisitions
1989-2004
IPO and acquisitions

                                      1989                                             1999/2000
                                      Dürr goes public and takes                          Dürr grows rapidly through
                                      over application technology                         acquisitions. In quick
                                      specialist Behr. This enables                       succession it takes over
                                      the Dürr Group to significantly                     service company Premier,
                                      expand its core competency,                         measuring technology group
                                      the supply of turnkey paint                         Carl Schenck, and French
                                      shops, thus becoming the                            plant engineering firm Alstom
                                      world market leader.                                Automation.

                                                   1996
                                                   Until now, cars have been            2001
                                                   painted either manually or using     Car bodies need
                                                   static machines. Dürr, however,      movement too:
                                                   focuses on automation and            In the new RoDip
                                                   develops its own painting robot.     process, they
                                                   This marks the beginning of a        perform a somersault
                                                   success story: Today, these          while passing through
                                                   efficient helpers are an integral    the dip tank. This helps
                                                   part of the paint shops used in      to ensure that all areas and
                                                   the automotive industry.             cavities of the car body are optimally
                                                                                        pretreated and protected against corrosion.

 www.durr-group.com   © Dürr Aktiengesellschaft, CCI, Dürr Chronicle, March 2021                                                      14
Reorientation and
2005-present   investment in the future
2005-present
Reorientation and investment in the future

                                                     2010
 2005                                                Dürr polishes the image of paint booths, which have                       2015
 Following the acquisitions,                         developed a reputation as energy guzzlers, through a                      Digitalization is becoming an ever more
 earnings development cannot                         pioneering innovation:                                                    apparent megatrend. Dürr takes over
 keep pace with growth of sales.                     The new EcoDryScrubber                                                    German software company iTAC to
 In 2005 the tide is turned through                  no longer relies on                                                       expand its expertise in the fields of IoT
 the FOCUS optimization program.                     water to bind excess                                                      and manufacturing execution systems.
 Debts are reduced and business                      paint, but instead uses
 processes improved.                                 dry filters. This reduces
                                                     the energy required to                                                               2016
                                                     condition the air in the                                                             In 2016 Dürr presents the first 7-axis
                                                     booth by around 70%.                                                                 painting robot, offering improved
                                                                                                                                          flexibility and productivity.

                                                                                           2014
                                           2009                                            In search for new opportunities for expansion, Dürr finds what it is
                                           Thanks to FOCUS, Dürr is robust and             looking for in the Black Forest: It acquires HOMAG, the world-
                                           emerges well from the financial crisis.                                       leading supplier of woodworking
                                           In the summer, Dürr moves its                                                 technology. HOMAG becomes a
                                           Stuttgart-based activities to what is                                         strong pillar of the Dürr Group.
                                           now the headquarters in Bietigheim-
                                           Bissingen. It also expands its
                                           capacities in China – the next large
                                           growth market where the automotive
                                           industry gets off to a flying start after
                                           the financial crisis.

 www.durr-group.com     © Dürr Aktiengesellschaft, CCI, Dürr Chronicle, March 2021                                                                                                 16
2005-present
Reorientation and investment in the future

2017                                                                                         2019
Amid great media attention, the ADAMOS IoT alliance is created for the                       Dürr introduces the EcoPaintJet, a robot
mechanical engineering industry. Dürr is one of the founding                                 system that uses a special applicator to
companies and thus demonstrates its                                                          enable automated, razor-sharp, two-tone
proactive approach to digitalization.                                                        painting without generating any overspray.

Another part of Dürr’s digital strategy                                                      Dürr AG is the world’s first company to issue a sustainability
is the establishment of Digital Factories,                                                   Schuldschein loan, the interest on which is linked to the Group’s
in which software skills are combined                                                        sustainability rating. All in all, sustainability is a central element of
across the divisions in order to bring                                                       the Group strategy and an important guiding principle for the
smart applications to market quickly                                                         further development of the company.
and with agility.

                                                                                                        2020
                                                          2018                                          The ‘paint shop of the future’ breaks
                                                          Dürr gears up for the trend toward            with the traditional line layout in
                                                          sustainable production processes.             automotive construction. A modular
                                                          The acquisition of Megtec/Universal,          concept provides greater flexibility and
                                                          a US group of companies, leads to             scalability.
                                                          the doubling of sales in environ-
                                                          mental technology. In the auto-               Despite the coronavirus pandemic,
                                                          motive business, Dürr prepares itself         the Group continues its acquisition strategy: HOMAG acquires the Danish
                                                          for the growing demand for pro-               mechanical engineering firm System TM, thus enhancing its position in
                                                          duction technology for electric cars.         production systems for sustainable timber houses. Through its investment in
                                                                                                        Teamtechnik, Dürr strengthens its skills in automation technology and
                                                                                                        enters the business field of production technology for medical products.

 www.durr-group.com       © Dürr Aktiengesellschaft, CCI, Dürr Chronicle, March 2021                                                                                              17
Dürr AG
Carl-Benz-Straße 34
74321 Bietigheim-Bissingen
Germany

+49 7142 78-1785
corpcom@durr.com

www.durr-group.com           Dürr History

                             Corporate Communications and Investor Relations
                             March 2021
                             Bietigheim-Bissingen
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