Who’s on first in controls industry following mergers?

With all the mergers, acquisitions, consolidations and affiliations that occurred in the past decade, it's hard to determine the leaders in any particular industrial segment. Almost all of the largest industrial controls manufacturers have been gobbled up by companies with larger interests. The best that can be done is to identify companies with either a significant part of their volume i...

By George J. Blickley, consulting editor October 1, 2000

With all the mergers, acquisitions, consolidations and affiliations that occurred in the past decade, it’s hard to determine the leaders in any particular industrial segment. Almost all of the largest industrial controls manufacturers have been gobbled up by companies with larger interests. The best that can be done is to identify companies with either a significant part of their volume in industrial controls or divisions that are leaders in the industry.

Business Week magazine’s Global 1000 listing identifies the largest companies in the world and rates them numerically by market value. The portion of the Global 1000 listed here includes firms with high controls volumes or leading controls divisions.

The biggest changes in the 2000 list compared to last year can be chalked up to mergers and acquisitions (M&As) during that time. The largest jump in the global ratings was made by Viacom, which changed its complexion after acquiring CBS—itself formerly Westinghouse, one of the traditional leaders in industrial controls.

One of the biggest ratings jumps was made by Siemens, which also continued an aggressive acquisitions program. The next largest leapfrogging in ratings was made by the new Honeywell, a combination of purchaser Allied Signal and the old Honeywell. Other shifts in the global rankings were caused by similar consolidations in other industries, such as utilities, chemicals and food. The fast pace of these M&As is sure to continue, and are likely to make it even more difficult to determine who is the leader in each industry.

Nations with the Most Global 1000 Companies

Source: Control Engineering with data from Business Week’s
Global 1000 report, 2000
U.S. 484 Japan 149
U.K. 94 France 44
Germany 35 Canada 32
Italy 31 Netherlands 22
Sweden 18 Switzerland 18
Australia 15 Hong Kong 15

Leading Controls Manufacturers

Company (Location) Year 2000 rank in home country Rank globally (2000) Rank globally (1999) 1999 market value(millions) 1999 sales (millions)
Source: Control Engineering with data from Business Week’s Global 1000 report, 2000
General Electric (U.S.) 1 1 2 520,247 111,630
Viacom (U.S.) 30 44 153 94,413 12,859
Siemens (Germany) 3 53 109 86,729 63,602
Tyco Int`l (U.S.) 38 59 52 79,441 22,497
Honeywell (U.S.) 70 126 132 43,484 23,735
Schlumberger (U.S.) 73 138 126 40,448 8,395
ABB (Switzerland) 6 148 177 37,080 34,681
Analog Devices (U.S.) 107 199 711 27,244 1,450
Emerson (U.S.) 111 208 162 25,433 14,270
Halliburton (U.S) 121 232 271 22,529 14,898
Mitsubishi Electric (Japan) 32 245 647 21,098 35,199
Invensys (U.K.) 37 418 282 12,534 14,071
Baker Hughes (U.S.) 225 446 458 11,934 4,547
Schneider Electric (France) 26 493 507 10,689 7,770
Dover Corp. (U.S.) 271 554 577 9,440 4,446
Rockwell Int`l. (U.S.) 314 643 445 7,781 7,043
Eaton (U.S.) 428 889 707 5,287 8,402
Parker-Hannifin (U.S.) 445 925 878 5,008 4,959
Johnson Controls (U.S.) 456 948 810 4,863 16,139