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:
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—James Thurber (1894–1961)
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“Our achievements speak for themselves. What we have to keep track of are our failures, discouragements, and doubts. We tend to forget the past difficulties, the many false starts, and the painful groping. We see our past achievements as the end result of a clean forward thrust, and our present difficulties as signs of decline and decay.”
—Eric Hoffer (1902–1983)