Miniaturisation and the increasing complexity of components for industrial products, the outsourcing of components production to suppliers and – conversely – the necessity for close and sustained business relationships were trends spotted early on by Bernd Steudle. In 1963, he founded a company manufacturing stampings and contacts, which thanks to its technical expertise, product quality and timely delivery, built a loyal customer base among large industrial companies. Most customers use Steudle primarily as a source of customised components, manufactured in large quantities and often for more than a decade. Typical products include switches for household appliances or contacts for airbag and ABS systems in cars.
In 1994, after 30 years in the business, the founder paved the way for succession by organising a MBO to secure the continued existence of his company with its 70 employees. In the process, Halder acquired 68% of the capital.
With good management, a managing director to succeed the founder and a successful business model, Steudle achieved a steady expansion of turnover and profit despite the difficult economic situation prevailing in the mid 1990s.
After preparing a takeover strategy, Halder made its exit in 1998.