Wenglor reported that 2021 has been a historically successful year for the German family business. The maker of industrial sensor, image processing and security technologies achieved annual revenue of more than 100 million euros ($135 million) for the first time in the history of the ‘business. Despite the still difficult situation in the global supply markets and the difficult coronavirus situation, the group, which employs around 1,000 people, was able to achieve its set target as early as mid-December last year. The international growth strategy as well as the sustainable promotion and recognition of innovation, markets and trends, are key factors for the company’s success.
“We are very proud to have largely exceeded the 100 million euro turnover mark”, says Fabian Baur, managing director of wenglor. “This milestone was only possible thanks to the dedication, passion and commitment of our employees around the world – so we thank them.” More than two million products delivered in 2021 highlight one thing above all: wenglor products and technologies are in demand like never before. “In addition to the demand for high-performance sensor products, the demand for intelligent 2D/3D image processing technologies has been incredibly high over the past year. This means that we were able to grow by more than 25% in total in the two divisions “CamTec” and “SensorTec”. Thanks to smart and forward-looking warehouse planning, we were able to respond seamlessly to this large demand and even build up valuable inventory. And the upward trend continues: In the first weeks of 2022, wenglor was already able to achieve an increase in sales of more than 40% compared to the same period last year.
Asia and Europe are experiencing the strongest growth
wenglor’s distribution companies in Asia and Europe were the main growth drivers for the wenglor group last year. wenglor recorded at least double-digit growth rates on all continents. The wenglor group now has sales subsidiaries in 28 countries in Europe, Asia and America. Development and production sites in Munich, Romania, Russia, Scotland and France support the company’s headquarters in Tettnang, Germany. In the summer of 2021, wenglor announced the acquisition of the Franco-Scottish lighting expert TPL Vision. New buildings in Tettnang and Munich will also be completed later in 2022 in response to the increased number of employees and production space required.
Independence pays off
While the coronavirus has crippled many industries and sectors for more than two years, others are flourishing. Many years before Corona, wenglor had already set itself the goal of being as independent as possible from the various sectors. The company therefore not only supplies customers in the automotive and electronics industries, but also in the wood, metal, food, pharmaceutical, logistics, aviation and textile industries. This strategy has now paid off. “While demand in the automotive industry has fallen somewhat at times, sales have exploded in the field of e-commerce, for example, and the associated intralogistics, as well as in the food and packaging industry. In addition, new markets such as alternative energy or recycling have become increasingly important and have recorded above-average growth rates,” explains Fabian Baur. “It meant we could grow steadily and sustainably, independent of individual industries. For us, this independence means entrepreneurial freedom and long-term future security as an employer.
Growth drivers for digitalization, sustainability and Industry 4.0
In addition to its international corporate structure, wenglor currently benefits from its pioneering role in the areas of digitalization, industry 4.0 and sustainability. “Smart interfaces, robotics, autonomous driving, AI and the Internet of Things (IoT) have long been a diverse part of our industry. We help make these technologies accessible to our customers, develop them further and thus play a key role in shaping the future of the automation industry.
For more information: www.wenglor.com
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