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 can recognize the dawn and the decline of love by the uneasiness we feel when alone together.”
—Jean De La Bruyère (1645–1696)
“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)
“The decline of the aperitif may well be one of the most depressing phenomena of our time.”
—Luis Buñuel (1900–1983)