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VITRONIC Ranked within Top 30 German Businesses by Munich Strategy Group for the Second Year in a Row

VITRONIC has been named one of Germany's top 100 mid-size companies in 2017.

•    Number 7 in revenue growth
•    Number 28 in the top 100 overall
•    Named "Pioneer in Digitization"

Wiesbaden, 5/29/2018 – For the second year in a row, VITRONIC has been named one of the top 100 mid-size companies by the study "Top 100 Companies of the German Mittelstand" in 2017. A total of 3,500 companies—representative of all industries and German states—were analyzed, with VITRONIC placing 28th overall. With a revenue growth of 21.2%, VITRONIC has once again landed in the top 10 of this category.

For the eighth time, Munich Strategy Group (MSG) has distinguished German mid-size companies that have the highest revenue growth and profitability. The study rated companies with headquarters in Germany and revenues between 15 and 800 million euros.

"Once again, we are very pleased to have been named one of the top mid-size companies in Germany," says CEO Dr.-Ing. Norbert Stein, "because it confirms that we are headed down the right path as we focus on research and development, product quality that is 'Made in Germany' and our expertise in automation, smart data, and process optimization."

As an industry expert in industrial automation, logistics automation, and traffic technology, VITRONIC has become a global leader in industrial machine vision since its founding in 1984.

In fact, companies that offer digital products or services placed highest in the top 100, as explained by Dr. Theopold, Managing Director at MSG. "More and more top 100 businesses are pioneers in digitization and are paving the way for other companies as they enter the digital age. In other words, they grease the wheels for the digitization of products, processes, or the digital infrastructure of businesses."

VITRONIC is a world leader in industrial machine vision. The owner-managed group of companies develops innovative products and customized solutions in the growth industries of industrial automation, logistics automation and traffic technology.

With over 30 years of experience, VITRONIC offers a unique portfolio of systems and software for image- and sensor-based quality inspection, identification, traffic monitoring, and toll collection. Customers include renowned companies such as BMW, Daimler, DHL, UPS, IBM, Toll Collect, Fresenius, and Sanofi, as well as government agencies and public authorities.

VITRONIC systems play a major role in ensuring the highest levels of quality and economic efficiency in the production processes of the automobile, photovoltaic, and pharmaceutical industries.

In logistics centers and cargo airports worldwide, VITRONIC's Auto-ID solutions offer the efficient capture and integration of shipment data and ensure the transparent flow of goods.

In the traffic technology sector, VITRONIC offers high-performance technologies to ensure increased road safety and improve traffic flow.

Since its founding in 1984, VITRONIC has grown continuously and is currently represented by over 1,000 machine vision people on four continents. VITRONIC offers support to international customers through its subsidiaries in North America, Europe, Asia and Australia, as well as through a global network of sales and service partners.

VITRONIC systems are developed and manufactured at the company's headquarters in Wiesbaden, Germany. In 2017, the VITRONIC group generated revenues of over 170 million euros.

Press contact:
Patrick Schulze
Phone: +49 611 7152 418

VITRONIC Dr.-Ing. Stein
Bildverarbeitungssysteme GmbH
Hasengartenstr. 14
65189 Wiesbaden, Germany
Phone: +49 611 7152 0
Fax:      +49 611 7152 133