In spite of challenging economic scenario in the European Union, Germany still manages to prevail comfortably as one of the most powerful economics across the globe. In fact, it is the fourth largest economy with a steady GDP growth rate of 1.5-2% annually. Germany is the house of several popular international companies and it is the reason why the current unemployment rate is as low as 4.2%. Out of the Fortune Global 500 companies, Germany has the headquarters 29 of them. The following are the top 15 most famous companies from Germany you should know about.
1.Volkswagen Group (Automotive Manufacturing Company)
This is the largest German company in terms of annual revenue generation. It is the world’s largest automaker in terms of sales and features in the sixth position in Fortune Global 500 company list. Volkswagen has multiple world famous brands like Audi, Bentley, Lamborghini, Porsche, Bugatti, Skoda, Volkswagen and even motorcycle brand Ducati.
2. Daimler AG (Automotive Manufacturing Company)
Daimler AG has automotive ranging from cars, buses, trucks and even motorcycle. It has some of the world-renowned brands like Mercedes-Benz, Detroit Diesel, and Western Star just to name a few. It is the largest truck manufacturer in the world by sales figures and the company also has a financial services arm.
3.Allianz (Financial Services Company)
Allianz is one of the world largest insurance and asset management companies which is based out of Munich, Germany. It is a 128 years old company with 16 subsidiary companies and has its presence in all the developed and developing countries in the world. The company is one of the largest sponsors of sports events and has naming rights of multiple stadiums across the globe.
4. BMW Group (Automotive Manufacturing Company)
BMW Group manufactures different types of automobiles including motorcycles. The company’s name is its biggest brand and it has sub-brands like BMW M and BMW I for electric cars. Other renowned brands from the company are Rolls-Royce, Mini, and BMW Motorrad for motorcycles. BMW sports car and touring cars are extremely famous for their performance and comfort.
5. Siemens (Industrial Manufacturing Company)
Siemens is the largest industrial manufacturing company in Europe. It is a diverse company with significant exposure to energy, healthcare, and infrastructure besides its manufacturing business. It also has subsidiary companies for power generation, logistics, and financing. The company has two headquarters in Berlin and Munich.
6. Adidas Group (Sportswear Manufacturing Company)
Adidas is into manufacturing shoes, clothing, and sports accessories. It is the second largest sportswear manufacturer in the world. It consists of famous brands like Reebok, TaylorMade, and Runtastic. It has 8.33% stake in Bayern Munich football club.
7. Bayer AG (Pharmaceutical Company)
Based out of Leverkusen, Bayer AG is a worldwide popular company in human and veterinary medicines, healthcare products, biotechnology products and even agricultural chemicals. Some of their popular products include Aspirin, Prontosil antibiotic, and Yaz birth control pills just to name a few. The company has significant exposure to high-value polymers.
8. Deutsche Bahn (Railway Company)
Deutsche Bahn is the second largest transport company in the world. It is also the largest railway operator in Europe and the largest in the world in terms of revenue.
9. BASF (Chemical Company)
It is the largest chemical producing company in the world and they have their presence in 80 countries. They supply products in nearly 400 countries. They also have subsidiary companies in the oil and gas sector and plastic.
10. Bosch (Engineering and Electronics Company)
Bosch is the largest supplier of automotive components in the world. It is into manufacturing brakes, fuel systems, generators, controls, steering and electrical drives. It also has a subsidiary company for packaging, consumer goods, security systems, household products, and industrial products.
11. DHL Express
DHL Express is the largest logistics company in the world. It is owned by Deutsche Post currently. The company started its operation through inter-continental and offshore services and but to its competitors FedEx, it started operating in sea and intra-continent for which it has over 70,000 vehicles.
12. Munich Re Group (Reinsurance Company)
Munich Re Group is the leading reinsurance company in the world. It insures the insurance companies with other insurance companies. They are also insurance business advisor for most of the leading insurance companies. The company is also into asset management.
13. SAP SE (Software Company)
SAP SE is the most popular enterprise software company in the world. They have regional offices across 180 countries and their enterprise software is used to manage various business operations and keeping records of customer relations. The company has set a record by acquiring over 65 companies worldwide.
14. Fresenius (Healthcare Company)
The company provides healthcare diagnostic services and has over 110 hospitals and healthcare centers across the country. It is the largest hospital operator in Germany and the supplier of essential drugs.
15. Continental AG (Automotive Parts Manufacturing Company)
Continental is specialized in designing automotive parts like tires, brake, chassis, safety equipment, and interior electronics. It ranks fourth in the tire industry and third in OEM automotive parts across the globe. It is the leading supplier of automotive parts of world-renowned automotive companies like Volkswagen, Daimler, Ford, Volvo, GM, Toyota, Honda and many more.
There we go the list of 15 most famous companies from Germany and most of them are leaders in their respective industries across the world. Do you have anything more to add? Comment below!
Learn more about working in Germany here