From the Albrecht Company website:

"In June 1908, Josef Albrecht founds the company. Starting in a small precision mechanical work shop a triumphal procession began which has changed the metal processing in the area of drilling and milling. In 1917 already, the still young company moves to its first production site. Esslingen, Stuttgart. There, drill chucks are being produced which gained worldwide recognition And in 1932 the world’s first keyless self-tightening drill chuck was invented here."