FLEX-Elektrowerkzeuge GmbH is a German producer of power tools with headquarters in Steinheim. Founded in 1922, after producing its first MS6 angle grinder, FLEX became the first supplier of the tool in1935. In 1954, FLEX invented and began supply of the first flexible shaft angle grinder. The brand name 'Flex' became independent over time and is occasionally used colloquially for angle grinders, the derived verb flexen is used for cut-off grinding. The company has been owned by the Chinese Chervon Holdings Ltd. since 2013.

History

Foundation and Development

In 1922, Hermann Ackermann and Hermann Schmitt founded the company Ackermann & Schmitt in Stuttgart-Bad Cannstatt. Their initial product was the MS6 hand grinder, which featured an electric motor with an attached flexible shaft. By the late 1920s, the company replaced the flexible shaft with an angular gearbox. In 1935, Ackermann & Schmitt introduced the first low-speed angle grinder, followed by the launch of the first high-speed grinder in 1954. The outbreak of the Second World War abruptly disrupted Ackermann & Schmitt's operations. The company was compelled to shift its manufacturing focus to aircraft production. In 1941, the company faced the death of one of its founders, Hermann Schmitt, when he was killed in action in Russia. After the war, although much of the factory infrastructure remained intact, French dismantling teams removed most of the manufacturing machines. Hermann Ackermann worked to rebuild the company, resuming production with the manufacture of scissors, hand grinders, and a joint arm grinder. In 1954, Ackermann & Schmitt introduced the first high-speed angle grinder, the "DL 9".

Transition to Flex-Elektrowerkzeuge GmbH

In 1996, Ackermann & Schmitt rebranded as Flex-Elektrowerkzeuge GmbH. The company collaborated with Porter-Cable until 2004, when it was sold by Pentair to Stanley Black & Decker. Following this acquisition, Black & Decker took ownership of Flex-Elektrowerkzeuge GmbH. Between 2005 and 2013, Flex was owned by various financial investors. In 2013, all shares in Flex-Elektrowerkzeuge GmbH were acquired by the Chinese company Chervon Holdings Ltd. In North America, FLEX sell mainly metalworking (grinders and polishers) and masonry power tools, but in Europe it also makes and sells woodworking tools. In 2019, Flex had 250 employees and sales of EUR 81.59 million, with an export ratio of 63.3%. In 2020, the company was reported to have retained 250 staff members. In 2021, FLEX became the shirt sponsor for Los Angeles FC. , Flex was listed in the lexicon of the world market leaders, in the 1039th ranking.

Products

Flex's product range is designed to cover four key application areas: restoration and renovation, metalworking, automotive paint processing, and natural stone processing.

Product History

Since the 2010s, the company has placed significant emphasis on developing cordless tools. Flex offers tools powered by 10.8-volt and 18-volt batteries, featuring advanced brushless motors, and also 20V and 24V power sources.

Company Structure

Headquarters and Employment

Flex is headquartered in Steinheim an der Murr, Germany. , the company employed 250 people and generated a turnover of EUR 81.59 million, with 63.3% of sales attributed to exports.

Recent Developments

In 2020, the renovation of the administration building in Steinheim an der Murr was completed. In 2021, Flex introduced a revised brand design and a new slogan, "this is proformance," replacing the previous slogan, "The original." The term "proformance" is a portmanteau of "Profi" (professional) and "performance."

Subsidiaries and Corporate Structure

As of 2021, Flex operates five subsidiaries or sister companies: Until early 2021, Chervon North America Inc. was part of the Flex group. Following a restructuring of Chervon Holding Ltd., it now operates as an independent company, though it continues to use the Flex brand name, featuring a black and green design.

Awards

Flex and its products have been recognized with several awards over the years: