The machine vision company VITRONIC has been identified as one of London Stock Exchange Group’s 1000 Companies to Inspire Europe, a report celebrating “high-growth and most dynamic small and medium sized businesses across Europe”.
To be included in the list, companies needed to show consistent revenue growth over a minimum of three years, significantly outperforming their country peers. Dr.-Ing. Norbert Stein, founder and CEO said, “The nomination is once again clear proof of the innovative strength of the machine vision people at VITRONIC. But it is not only a reflection of the high investment in research and development. It is also due to our specialised and dedicated staff.”
At the beginning of 2018, personnel rose to 1,000 worldwide, 800 of which are located in Wiesbaden, Germany. Approximately 40%, are engineers. In the past five years, total personnel grew by more than 10% each year.
Nikhil Rathi, CEO, London Stock Exchange, explained, “The economic potential of Europe’s fastest growing companies is clear in ‘1000 Companies to Inspire Europe’. The report shows high-growth SMEs are the innovators, job creators and drivers of economic growth. They have the potential to transform the European economy and give the next generation of young people the future they deserve.”
In addition to a large number of entrepreneurs and Members of the European Parliament, the Vice-President of the European Commission, Jyrki Katainen, and the CEO of the London Stock Exchange, Nikhil Rathi, participated in the ceremonial publication of the report today in Brussels.
Jyrki Katainen, European Commission Vice-President said, “SMEs are the backbone of the European economy, which is solid and growing. Thanks to structural reforms in Member States, but also to dynamic and innovative, high-growth SMEs, employment has reached new record levels with almost 240 million people in jobs.”
Picture shows Management Board members Gerhard Bär, Daniel Scholz-Stein and Matthias Pörner.