- Business
- SMT Scharf AG develops, manufactures, and services rail-bound transport systems and logistics solutions for underground mining, tunneling, and other industries. The company offers derailment-proof monorails, floor-mounted Duorail vehicles, rubber-tired vehicles, chairlifts, battery and diesel locomotives, segment cranes, lifting devices, explosive placement devices, drilling and splitting tools, construction site cranes, muckmasters, lift working platforms, cable drives, mini climbers, light electric vehicles, and climbing locomotives; it operates through segments including Coal Mining, Mineral Mining, Tunnel, and Other Industries. Founded in 1941 and headquartered in Hamm, Germany, SMT Scharf serves a global customer base in coal mining, ore mining such as gold and platinum, and tunnel construction logistics, with subsidiaries and agencies in countries including South Africa, Poland, China, Russia, Canada, Chile, and Germany.
In recent developments, Yankuang Energy Group of China acquires a majority stake of around 53% in 2024, becoming the new strategic core shareholder; Longjiao Wang assumes the role of CEO in May 2025, while Jian Liu takes over as Chairman of the Supervisory Board in July 2025 following a resignation. The company secures significant orders, such as a low double-digit euro million tunnel logistics project in the Middle East and three battery-driven rail systems for Berlin's 380 kV power link; it also approves a dividend of EUR 0.21 per share at the 2025 Annual General Meeting and adjusts its 2025 revenue and earnings forecast downward in August 2025. These changes reflect ongoing leadership transitions under new ownership, business diversification into tunnel infrastructure, and adaptation to market conditions.