List of the 700 largest municipally owned corporations Germany [2024]

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Features of ResearchgermanyContains the 700 largest municipal companies in Germany from various sectors such as municipal utilities, municipal housing companies, municipal hospitals, etc. for direct download as Excel. The list is an excerpt from our list of the 5,000 largest companies in Germany.

Excellent level of detail: industry and field of activity, turnover (2021, 2020, 2019, 2018, 2017, 2016, 2015) if publicly available, number of employees (2021, 2020, 2019, 2018) if publicly available, general contact details, names of management, etc.

Suitable for serial letters: list contains columns for formal salutation, title, first and last name of the management.

Download valid at any time, free updates for at least 12 months, free preview available via contact [at] Last Update: 04.01.2024.

Our quality promise: High-quality lists thanks to manual data maintenance by our experienced research team in Munich. Boutique research instead of unchecked crawler data.

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municipally owned corporations

List of the 5 largest municipally owned corporations in Germany

Municipalities are not only administratively active, but also entrepreneurially active – mostly through municipal utilities. These provide services in the areas of infrastructure, supply and disposal, and public transport. Here are the 5 largest German municipal utilities:

1. Stadtwerke München GmbH, Munich

With over 10,000 employees, Stadtwerke München SWM is considered Germany’s largest municipal utility. SWM business areas are: Electricity, natural gas, district heating, district cooling and drinking water supply, public transport, pool operation and telecommunications. One focus is on renewable energies. SWM is wholly owned by the city.

Update 2023: Stadtwerke München recently announced that it would be adjusting its energy prices. Energy remains comparatively expensive at some basic suppliers – including Munich’s municipal utilities. However, prices for gas and electricity are now to fall again.

2. Stadtwerke Köln GmbH, Cologne

Stadtwerke Köln GmbH acts as the holding umbrella for Cologne’s municipal operations. This includes majority or 100 percent shareholdings in Gas-, Elektrizitäts- und Wasserwerke Köln AG (GEW: RheinEnergie, NetCologne), Kölner Verkehrsbetriebe, Abfallwirtschaftsbetriebe Köln an der Häfen and Güterverkehr Köln AG.

Update 2024: The new full-time Managing Director of Stadtwerke Köln is Michael Theis. The manager is responsible for finance, controlling, taxes and Group auditing.

3. HGV Hamburger Gesellschaft für Vermögens- und Beteiligungsmanagement mbH, Hamburg

As a holding company, HGV bundles most of the corporate investments of the Free and Hanseatic City of Hamburg. These include around two dozen companies with almost 24,000 employees in the fields of public transport, utilities and waste management, transport and logistics, real estate and urban development.

4. enercity AG, Hanover

enercity is a municipal energy supplier and service provider in the capital of Lower Saxony. 75.09 percent of the shares are held by the municipal VVG investment company, 24 percent by Thüga AG. enercity has around 3,000 employees and supplies the Hanover conurbation with electricity, heat, natural gas and drinking water.

5. N-ERGIE Aktiengesellschaft, Nuremberg

N-ERGIE operates as a regional supplier of electricity and natural gas in Nuremberg and northern Bavaria, and also as a municipal supplier of drinking water and district heating. The group, which employs around 2,500 people, is 60.2 percent owned by Städtische Werke Nürnberg GmbH and 39.8 percent by Thüga AG.

Picture source: Unsplash (Pawel Czerwinski), Unsplash (Fionn Große)

Municipal enterprise

Municipal companies: Integral part of German society

In our unique lists, we present the largest municipal enterprises in Germany. Municipal enterprises are companies that are usually subordinate to the respective municipality, but are separate entities for economic reasons. Our directory is made up of large municipal utilities, municipal housing companies and municipal holding companies.

This information will be included in the list

  • Company name
  • General contact data (address, e-mail address, telephone number, URL)
  • Name of the management
  • Serial letter suitable for addressing the management (e.g. “Dear Dr. Müller”)
  • Sales figures for the years 2021, 2020, 2019, 2018, 2017, 2016 and 2015 (taken from the annual and consolidated financial statements)
  • Employee figures for the years 2021, 2020, 2019 and 2018 (taken from the annual and consolidated financial statements)
  • Sector classification & Field of activity

Note: If the sales and employee figures are not included in a company’s own financial statements but in the parent company’s consolidated financial statements, the data from the respective consolidated financial statements are provided.


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Leo Semmelmann, Founder
contact [at]
+49 (0) 89 92927741

We are looking forward to help you in case of any questions, remarks and individual requests. Feel free to get in touch via email, live chat or phone. We can also offer you package prices and can create individual lists.


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