Mettler-Toledo
Based in Switzerland and registered in the U.S. group of companies Mettler -Toledo specializes in precision balances for professional use. The company is the world's largest manufacturer of weighing systems, which cover a weighing range of 0.0000001 grams to 1000 tons. The offering includes analytical instruments, systems for automated drug discovery, drug development, tools for process analysis and control systems for the packaging industry, which are offered in over 100 countries.
Mettler -Toledo employs approximately 12,000 employees and generated sales of 2.342 billion U.S. dollars in fiscal year 2012. In 2010, Mettler -Toledo scored 37 % of its sales in Europe. 36 % came from North and South America, 27% to Asia and other regions. The Company's shares are traded on the New York Stock Exchange.
History
In 1945, the Swiss engineer Erhard Mettler in Küsnacht on Lake Zurich is a precision engineering company. He invented the substitution principle and developed a single-pan balance for series production. In the laboratory, single- analytical balance gradually supplanted the conventional two-shell scale. In the fifties, measurements were possible on exactly one ten-millionth of a gram. 1973 launched the Mettler Instrumente AG, a first fully electronic precision balance, the PT1200. This model was the world's first electronic balance for the highest accuracy class ( class I ) was approved. Innovation brought a wide plethora of laboratory equipment - produced as well as various products for the industry - including automatic titration and thermal analysis devices. In the 1980s originated with the retail division in addition to the laboratory and industrial area a third pillar. Technological advances made it possible to make retail scales systems for the management of fresh produce. In 1980 Mettler sold his company to the Ciba -Geigy AG.
1989 Mettler Toledo Scale Corporation acquired, the largest U.S. manufacturer of industrial scales, based in Columbus, Ohio. Its founder, Henry Theobald had, in 1901 launched a retail scale with automatic weight and price display on the market. From the forces of the two companies emerged Mettler- Toledo. In October 1996, Mettler -Toledo was sold by the Ciba -Geigy AG to the New York AEA Investors Inc., in preparation for the planned IPO. On November 14, 1997, the company completed the first mission. Its shares have since been traded on the New York Stock Exchange under the ticker symbol MTD.
Organization
The company is incorporated in Delaware in the U.S., is headquartered in Greifensee, however, in Switzerland. While the stock market activities are led by the U.S., operates out of the management of Switzerland. This is due to the 1991 saw the merger of Mettler and Toledo.
The sales organization for Germany is located in casting and dates back to 1957, when bought by Mettler scale company Spoerhase. The company is the world's largest supplier of the three most commonly used laboratory instruments - balances, pipettes, and pH meters.
Mettler -Toledo instruments are in research and development, including drug discovery, in use as well as in quality control including the pharmaceutical, chemical, food and cosmetics industries.