Medical technology is an important industrial sector in Bavaria. More than 1,000 companies with about 80,000 jobs are active in this field. About one-third of German medical technology products come from Bavaria. In terms of sales, the industry is on par with France or Italy. Here are the 3 largest Bavarian suppliers.

These are also part of our list of the top 100 medical technology companies in Germany.

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  • Detailed information on the field of activity (orthopaedics, surgical instruments, implants, laser, centrifuges, ventilation technology, diagnostics, etc.)
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1st place: Siemens Healthineers AG, Erlangen: 14.5 billion euros turnover (2019)

From the English words “healthcare”, “engineer”, and “pioneer”, Siemens coined “healthineers” for its medical technology division. With approximately 50,000 employees in 75 countries, Siemens Healthineers forms a subgroup within the Siemens Group and is one of the largest medical technology manufacturers in Germany. The company is one of the TOP 10 MedTech suppliers worldwide. Devices and systems for diagnostics, radiation, and particle therapy are the main focus of the product portfolio.

2nd place: Arthrex GmbH, Munich: 2.1 billion dollars turnover (estimated for group)

Arthrex was founded in Munich in 1981 and is now based in Naples (Florida). The EMEA headquarters of the group, Arthrex GmbH, is still located in Munich. The company has around 4,500 employees worldwide. The medical technology portfolio includes imaging procedures, arthroscopy, and prostheses and implants for use in trauma surgery, sports medicine, and joint prosthetics.

3rd place: Brainlab AG, Munich: 275 million euros in sales (2018)

Brainlab was founded in 1989 and is active in the field of medical informatics. The company develops hardware and software solutions for medical applications and they also created an important navigation system for brain surgery. One of their other focusses is on imaging techniques for applications in oncology and surgery. The Brainlab Group employs more than 1,300 people and is a global leader in imaging technologies.

Picture source: Jonathan Borba

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Originally posted on June 8, 2020 @ 2:22 pm


Mechanical and plant engineering is one of the most important branches of industry in Bavaria. Every sixth employee in the Bavarian manufacturing industry works in mechanical engineering. The turnover of the industry is only exceeded by the automotive sector. These are the three largest mechanical engineering companies in Bavaria.

These are also part of our list of the top 100 mechanical engineering companies in Germany.

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1st place: Siemens AG, Munich/Berlin: 86.8 billion euros turnover (2019)

Even during the Second World War, Siemens relocated large parts of its industry to Bavaria. Despite worldwide activities and a second company headquarters in Berlin, it remains a primarily Bavarian company. The company has more than a dozen locations in Bavaria.

The mechanical engineering expertise of Siemens is primarily related to energy. Turbines, generators and compressors are necessary to produce electricity. Power plant technology is a classic Siemens business area. As an electronics company, Siemens also offers digital solutions for process optimization in mechanical and plant engineering.

2nd place: Krones AG, Neutraubling: 4.0 billion euros in sales (2019)

Krones in Neutraubling near Regensburg has specialised in lines and machines for beverage production, filling, and packaging. Corresponding solutions are also offered for liquid foods.

Krones is an internationally oriented corporate group with numerous subsidiaries. More than 80 per cent of its sales are generated abroad. The company has over 16,000 employees, almost 11,000 of them in Germany.

3rd place: Kuka AG, Augsburg: 3.2 bn euros in sales (2019)

Kuka can trace its history back to 1898 and today employs over 14,000 people. In 2016, the Chinese Midea Group acquired almost 95 percent of Kuka’s shares. Midea is a manufacturer of supply technology and household appliances in China.

Kuka has five divisions: Kuka Systems, Kuka Robotics, Swisslog Logistics Automation, Swisslog Healthcare, and China. Kuka Robotics manufactures industrial robots and automated production solutions. The Systems division provides automated production and assembly solutions.

Picture source: Mika Baumeister

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Originally posted on May 20, 2020 @ 1:15 pm


The electrical engineering and electronics industry is a very important part of the Bavarian economy. The regional organization of the ZVEI industry association stands for more than 250 companies with over 200,000 employees and an annual turnover of over 60 billion euros. Here are the three largest electrical engineering suppliers in Bavaria. They are also part of our list of the top 200 electrical engineering companies in Germany.

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1st place: Siemens AG, Munich/Berlin: 86.8 billion euros turnover (2019)

Siemens is a global corporation and one of the largest companies in the fields of electrical engineering and technology. There is hardly a country on earth without where Siemens doesn’t operate. The company has about 385,000 employees. Originally founded and based in Berlin in 1847, Munich became another main location of the group after the Second World War.

The range of Siemens electrical engineering solutions is enormous. Among other things, Siemens builds automation and drive technology for the process and manufacturing industry, produces medical technology, safety technology, or technical systems for rail vehicles and railway operations. But these are just a few examples from a broadly diversified production program.

2nd place: BSH Hausgeräte GmbH, Munich: 13.2 billion euros (2019)

BSH Hausgeräte already carries its product range in the company name. BSH stands for “Bosch and Siemens Home Appliances”. Typical household appliances are manufactured and sold under brands such as Siemens, Bosch, Neff, or Gaggenau that produce products like dishwashers, washing machines, stoves, refrigerators, small appliances, etc. BSH Hausgeräte sees itself as the largest manufacturer of household appliances in Europe.

Formerly a joint venture between Bosch and Siemens, BSH is now a wholly-owned Bosch subsidiary. BSH Hausgeräte has around 53,000 employees worldwide. It manufactures in Europe, the USA, Latin America, and Asia. In addition to the Munich headquarters, there are eight other locations in Germany, three of which are in Bavaria.

3rd place: Bosch Rexroth AG, Lohr am Main/Stuttgart, 6.2 billion euros in sales (2019)

Bosch Rexroth is officially based in Stuttgart, but its head office is located in Lohr am Main, Lower Franconia. The company was formed in 2001 through the merger of the Bosch Automation Technology Division and Mannesmann Rexroth AG. Bosch Rexroth is 100 percent owned by the Bosch Group.

The Bosch subsidiary deals with electric drives and controls, hydraulics (industrial hydraulics and mobile hydraulics), linear and assembly technology. In addition to Lohr am Main, Bosch Rexroth is represented at 17 other locations in Germany and in 38 countries worldwide. The company employs over 32,000 associates and sells in around 80 countries.

Picture source: Israel Palacio

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Originally posted on May 14, 2020 @ 12:23 pm


More than 200 chemical companies with around 55,000 employees are located in Bavaria. A geographical focus of the industry is the Bavarian Chemical Triangle in eastern Upper Bavaria. However, there are also many chemical companies outside of the region, most of which produce preliminary products for other industries. Below is a list of the 3 largest chemical companies in Bavaria. These are also part of our list of the 600 largest chemical companies in Germany.

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1st place: Gebr. Knauf KG, Iphofen: 7.6 billion euros (2019)

In the small Lower Franconian town of Iphofen in the district of Kitzingen, one does not necessarily expect a company with worldwide activities. But this is the Gebr. Knauf KG, whose origins lie in a gypsum factory in the Saarland. The family-owned company is divided into a number of individual companies.

Today the name Knauf stands for a wide range of chemically-based building materials for the construction industry. Knauf manufactures and sells plaster and facade systems, dry screed, plasterboard for dry construction, insulation materials and packaging as well as machines for plaster and mortar processing. The group has 35,000 employees and is represented in 86 countries worldwide.

2nd place: Wacker Chemie AG, Munich: 4.9 billion euros in sales (2019)

Ethene and silicon – these are the two basic raw materials used by Wacker-Chemie AG. Founded in 1914, the Bavarian chemical company is now a global player with 23 production sites on three continents and sales in over 100 countries worldwide. Nearly 15,000 employees work in the company, where the Wacker family continues to call the shots.

Wacker Chemie has four divisions: Polysilicone (polysilicon for solar solutions), Silicones (approx. 2800 silicone products as precursors for various industries), Polymers (polymeric binders: including adhesives, mortars, paints, concrete binders), and Biosolutions (production processes for bioactive substances and pharmaceutical proteins).

3rd place: Hexal AG, Holzkirchen (Upper Bavaria): 1.4 billion euros turnover (2019)

Hexal is a well-known manufacturer of generic drugs. These are imitation versions with the same active ingredients as well-known drugs that are also approved for sale. The company, which now has 3,700 employees, was founded in 1986 by the twin Strüngmann brothers.

In 2005 it was sold to the Swiss Novartis Group, a leading global pharmaceutical and biotech conglomerate. Within the Novartis Group, Hexal is part of the Sandoz subgroup, which is now also based in Holzkirchen. The name Sandoz is linked to the former Sandoz Group. Novartis was created in 1996 from the merger of Ciba-Geigy and Sandoz (old).

Picture source: Mario Dobelmann

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Originally posted on May 13, 2020 @ 12:44 pm


Bavaria is an interesting state for real estate investors. When it comes to economic power, the Free State of Bavaria is the leader among all the states in terms of per capita GDP. With Munich and its environs and Nuremberg-Erlangen-Fürth, Bavaria has two conurbations in which major industrial companies are based. The state capital is considered the real estate hotspot of the republic. But the real estate price level is also higher than in most other federal states. It is therefore not surprising that well-known real estate investors are located in Bavaria and make targeted purchases there. We present three of them here.

The companies presented are part of our list of largest real estate investors in Germany.

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1. Dawonia Real Estate GmbH & Co. KG – Investment focus: Residential real estate

Dawonia’s history goes back to 1936, when the “Bauträger AG des Bayerischen Handwerks” was founded. This later became the “Gemeinnützige Bayerische Wohnungsgesellschaft” – also known as GBW Group. Since the beginning of 2019, the company has been operating in Grünwald near Munich under the new brand Dawonia. The name change is intended to reflect the strategic reorientation.

After the war, Dawonia and GBW were initially active as developers for owner-occupied homes, but also in large housing developments for their own portfolio. Later, the business shifted to real estate purchase and portfolio management. Originally owned by BayernLB, the company was sold from 2012 onwards to a consortium of investors led by PATRIZIA Alternative Investments. The investment focus to date has been on Bavaria and, to a lesser extent, Hesse. As part of its strategic realignment, Danowia intends to develop into a real estate investor for the entire southern German region and systematically expand its current portfolio of around 30,000 apartments.

Properties with 50 or more residential units will be purchased in Bavaria and the Rhine-Main area, and 100 or more residential units in Baden-Württemberg, the rest of Hesse and Rhineland-Palatinate. The prerequisites are locations with good future prospects in inner-city locations with good public transport connections. Suitable plots of land for construction projects are also being purchased.

2. ACCUMULATA Real Estate GmbH – Investment focus: Office and retail properties, hotels, residential properties

The Munich-based company was originally founded in 1982 as ACCUMULATA Immobilien Development GmbH. Since the merger in  2018 with VALERIUM Real Estate GmbH, the joint company name has been “ACCUMULATA Real Estate”. ACCUMULATA is a classic project developer, which has focused on commercial real estate and residential projects. This also includes sophisticated project developments in outstanding locations such as the Palais an der Oper in the heart of Munich, which was completed in 2013. As of November 2019, lighthouse projects are the “Die Macherei” quarter development in the Munich district of Berg am Laim and the “Forum Steglitz” in Berlin.

ACUMMULATA has so far mainly developed projects in the Munich area, but is not limited to this. Acquisitions are also possible in Berlin, Düsseldorf, Frankfurt/Main, Hamburg, Cologne and Stuttgart, as well as in regional centres in southern Germany. The properties (office, retail, hotel, and residential) should belong to the Value Added or Opportunistic risk classes, be located in inner-city locations or district centres and have high vacancy rates or soon-to-expire leases. The aim is to create added value through targeted upgrading and remarketing of the acquired properties. Individual properties are purchased from a minimum volume of EUR 15 million, while portfolios have a minimum volume of EUR 50 million.

3. Bavarian Chamber of Insurance and Pensions (BVK) – Investment focus: Office and retail properties, hotels, residential properties

The Bavarian Pension Chamber in Munich is a unique construct. It is a state authority that manages the affairs for a dozen professional pension funds in Bavaria. These are institutions for old-age, occupational disability and survivors’ pensions for the respective occupational groups. The business area mainly covers the Free State of Bavaria, but also extends beyond it.

BVK purchases real estate as part of its asset management (capital investments of around EUR 77 billion!) for which the professional pension funds are responsible. Investments are made throughout Germany in office, retail, hotel and residential properties. The purchase profile is as follows:

  • Individual properties from 10 million euros to 150 million euros; portfolios are acquired up to one billion euros;
  • Office properties only in the TOP 7 cities in good to very good locations;
  • Hotels in very good inner-city locations with good long-term leases;
  • Retail properties (prime locations in pedestrian zones and local supply centres, retail parks, shopping centres);
  • Residential properties (this also includes student residences);
  • Both new buildings and properties in the portfolio are purchased.

BVK also participates in development projects. Projects as of November 2019 include the Elbe arcades in Hamburg’s Hafencity and the Pariser Höfe in Stuttgart. Investments are also made outside of Germany. Signa Financial Services (SFS) and Universal-Investment recently launched a real estate fund in Austria for BVK.

Picture source: Markus Spiske

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Originally posted on May 1, 2020 @ 2:14 pm