Decline
After 1964, the railway-manufacturing unit was separated from the other production units.
The railway business was transferred to Bombardier, which continues to manufacture rolling stock in Berlin. The Babelsberg site became an industrial park.
The escalator-manufacturing division was sold to the company's majority shareholder at the time, Friedrich Krupp AG Hoesch-Krupp, in 1996.
The construction-equipment business was sold to New Holland Construction, at the time part of the Fiat Group, in 1999.
Read more about this topic: Orenstein & Koppel
Famous quotes containing the word decline:
“We have our little theory on all human and divine things. Poetry, the workings of genius itself, which, in all times, with one or another meaning, has been called Inspiration, and held to be mysterious and inscrutable, is no longer without its scientific exposition. The building of the lofty rhyme is like any other masonry or bricklaying: we have theories of its rise, height, decline and fall—which latter, it would seem, is now near, among all people.”
—Thomas Carlyle (1795–1881)
“The chief misery of the decline of the faculties, and a main cause of the irritability that often goes with it, is evidently the isolation, the lack of customary appreciation and influence, which only the rarest tact and thoughtfulness on the part of others can alleviate.”
—Charles Horton Cooley (1864–1929)
“I heard a Californian student in Heidelberg say, in one of his calmest moods, that he would rather decline two drinks than one German adjective.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)