history of abc

the period 1980-1985

The management that took over at the end of 1979, was completely new, and consisted of Pauwels, a Belgian manufacturer of transformers, Batibo, a company active in construction of real estate, and the Belgian Shipbuilder Corporation. They changed the name into "Anglo Belgian Corporation", thus keeping the abbreviation "ABC". A short time later the Governmental Investment Company GIMV also joined and increased the capital.

The first sales of the DZC engine were obtained. However it was necessary to modify the engine after some field experience, and much money was lost again. The owners didn't have enough confidence in the company anymore, refused a capital increase and handed their shares over to Ogepar, a family holding headquartered in Luxembourg, against the promise of a capital increase of 75.000.000 BEF (Belgian franc).

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Anglo Belgian Corporation nv is a member of the OGEPAR group    |    Legal information