This article is based on the research process for our list of the largest companies in Switzerland. The list includes contact details, fields of activities, revenues (if publicly available) and many more valuable data points.
The canton of Aargau is the Swiss canton with the highest share of industry in its economic structure. Overall, however, the Aargau economy offers a balanced mix of industries. This is also evident in the three largest companies in the canton of Aargau:
1) Axpo Holding AG (Baden)
Axpo Holding stands for the largest energy supplier in Switzerland. The company supplies energy to around three million private individuals and several thousand commercial enterprises in northeastern and central Switzerland. Axpo emerged in 2001 from the former Nordostschweizerische Kraftwerke AG. In the 2021/22 financial year, it generated sales of more than CHF 10.5 billion with around 5,000 employees. Axpo Holding AG acts as the Group’s umbrella company. Major Group companies are Axpo Power AG, Axpo Solutions AG and CKW AG. The Axpo Group is wholly owned by the cantons or cantonal utilities of northeastern Switzerland.
2) Franke Management AG (Aarburg)
The name “Franke” is probably one of the best-known Swiss kitchen brands. A tinsmith’s store founded in 1911 has developed into an internationally operating kitchen manufacturer and producer of kitchen equipment. The expansion began with the production of kitchen sinks in the 1930s. After the 2nd World War the logical development towards kitchen systems followed. Today, the business is divided into “Franke Kitchen Systems,” “Franke Foodservice Systems,” “Franke Water Systems” and “Franke Coffee Systems.” In 2021, the Franke Group achieved sales of just under CHF 2.6 billion and employed over 8,500 people.
3) Montana Tech Components AG (Reinach)
Montana Tech Components is a Swiss technology group that has only existed since 2007 and was deliberately founded to successfully generate business in various technology fields. Through systematic acquisitions, the company tries to achieve this goal. Today, Montana Tech Components comprises four – largely independently operating – business units: “Montana Aerospace Components” (aluminum profiles for aviation), “Montana Energy Storage” (battery technology), “Montana Metal Tech” (special machinery for metallurgy) and “Montana Industrial Components” (copper wire, packaging). In 2021, these business models generated total sales of almost CHF 2 billion. The Group employs around 8,000 people.
Picture source: Claudio Thürlemann via Unsplash (29.04.2023)