Dependeq Industrial Plant Engineering GmbH was an Austria

Austria

Austria , officially the Republic of Austria , is a landlocked country of roughly 8.4 million people in Central Europe. It is bordered by the Czech Republic and Germany to the north, Slovakia and Hungary to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the...

n company, headquartered inside Palais Fanto at Schwarzenbergplatz, Vienna

Vienna

Vienna is the capital and largest city of the Republic of Austria and one of the nine states of Austria. Vienna is Austria's primary city, with a population of about 1.723 million , and is by far the largest city in Austria, as well as its cultural, economic, and political centre...

 with activities in the fields of process engineering

Process engineering

Process engineering focuses on the design, operation, control, and optimization of chemical, physical, and biological processes through the aid of systematic computer-based methods...

 and industrial plant supply for the chemical

Chemistry

Chemistry is the science of matter, especially its chemical reactions, but also its composition, structure and properties. Chemistry is concerned with atoms and their interactions with other atoms, and particularly with the properties of chemical bonds....

 and metallurgical

Metallurgy

Metallurgy is a domain of materials science that studies the physical and chemical behavior of metallic elements, their intermetallic compounds, and their mixtures, which are called alloys. It is also the technology of metals: the way in which science is applied to their practical use...

 industry. Dependeq products and technologies included hydrochloric acid regeneration

Hydrochloric acid regeneration

Hydrochloric acid regeneration or HCl regeneration refers to a chemical process for the reclamation of bound and unbound HCl from metal chloride solutions such as hydrochloric acid.-Field of application:...

 plants, pickling lines for carbon and stainless steel

Stainless steel

In metallurgy, stainless steel, also known as inox steel or inox from French "inoxydable", is defined as a steel alloy with a minimum of 10.5 or 11% chromium content by mass....

 as well as environmental technology and process automation.

Founding History

The company was started in 1999 by Austrian entrepreneurs Horst Krenn (14.8.1972) and Herbert Weissenbaeck (1.1.1976). It quickly established itself as one of the key players in its respective international markets. Both Krenn and Weissenbaeck had worked in senior executive positions at another industrial machinery company (S.A.D. GmbH) before.

Acquisition by SMS group

Dependeq was acquired by Düsseldorf, Germany based SMS group of companies and integrated into the SMS Siemag steel making and rolling mills conglomerate by February 23rd 2006. Since May 2006 the company operates under the name SMS Siemag Process Technologies GmbH as a center of competence for process plant applications inside the Strip Processing Lines division of SMS Siemag AG. Messrs Krenn and Weissenbaeck still hold a minority share of 24,5% each and continue serving as managing directors of the company.

Root of Company Name

The artificial word "dependeq" is said having been created by Herbert Weissenbaeck after incidentally reading Jeffrey Robinson

Jeffrey Robinson

Jeffrey Robinson is an American author of 25 books. He has been labeled by the British Bankers' Association "the world's leading financial crime author".-Early life:...

's Book "The Manipulators" while waiting for a delayed plane at London Heathrow Airport and studying the roots of other carefully crafted company names like "Sony

Sony

, commonly referred to as Sony, is a Japanese multinational conglomerate corporation headquartered in Minato, Tokyo, Japan and the world's fifth largest media conglomerate measured by revenues....

" or "Compaq

Compaq

Compaq Computer Corporation is a personal computer company founded in 1982. Once the largest supplier of personal computing systems in the world, Compaq existed as an independent corporation until 2002, when it was acquired for US$25 billion by Hewlett-Packard....

". It simply stands for "dependable equipment".