Founded by Olmes Ognibene in 1953, today the company is still family-owned, and has become a multinational corporation under the management of Claudio Ognibene, President and CEO since 1975. In 2003, the year of its 50th anniversary, Ognibene attained the status of top-leading manufacturer of steering actuators, thus ranking as one of the major global players in the field of hydrostatic power steering systems worldwide. Today Ognibene’s production of actuators amounts to 1.7 million pieces per year. From 1991 to 1995, the company’s sales volumes grew by 370%, while the number of employees doubled in the same period. Ognibene then began a program of investments for the internationalization of its activities, establishing rapidly developing branches all over the world. The company’s success globally was largely due to its committed focus on power steering systems, reflecting the best practices of the automotive industry. This specialization is still at the core of the company’s new development plans today, along with its long-term innovation policy.
Since 2000, the company has been concentrated on the globalization of its activities.
The first step, in 2005, was the launch of the production plant in Brazil; the factory in India opened the following year, while the production facility in China became operational in 2007. In 2010 a logistics and distribution office was established in the US. In order to further develop its commercial and after-sales network, at the beginning of 2014 Opower K. K. was established in Osaka, Japan.
Ognibene Power supplies the world's leading manufacturers of on and off-highway vehicles, specializing in power steering systems and mechatronic components for agricultural and construction machinery. It also ranks at the highest level in the global market as a significant supplier of power steering systems for forklifts, road cleaning vehicles, gardening equipment and boats. The company relies on advanced research and state-of-the art development departments, as well as endurance test departments and testing fields for vehicles.