The organisers of the ‘Axia Best Managed Companies Award’ from the consulting firm Deloitte and the Federation of German Industries (BDI) have awarded the distinction to the EMAG Group. Strategic vision, capacity to innovate, sustainable management culture and good corporate governance – the award sets expectations high for participating businesses. A speaker at the award ceremony pointed out that the company has contributed to securing Germany’s economic future and serves as a model for others. The event took place in Düsseldorf, Germany.
Small and medium-sized enterprises (SMEs) are essential to the German economy. For instance, they generate more than half the added value and provide nearly 60 per cent of all jobs, according to recent data from the German Federal Ministry of Economics. This includes many hidden champions that have advanced to become global market leaders in their industry, such as EMAG. The Group is one of the few makers of manufacturing systems that can cover the entire process chain from soft machining to hard machining. The company produces complete process chains for automotive manufacturing, as well as for the non-automotive sector. Over the past couple of decades, EMAG has succeeded in systematically expanding its expertise and tapping into new markets. Deloitte, the German weekly business news magazine WirtschaftsWoche and the BDI award this quality label to exceptionally well-managed SMEs. To be considered, the award winners must first convince a panel of experts consisting of renowned representatives from business, science and the media. “Overall, EMAG distinguishes itself by an exemplary management strategy that combines a strategic vision with the capacity to innovate, a sustainable management culture and good corporate governance. It thus conveys a model for other businesses to follow,” pointed out Lutz Meyer, Partner and Head of the SME programme, Deloitte.
The company invests in the development of new production solutions that are crucial for the production of tomorrow’s products, such as electric cars, and it is also working on the digitalisation of its machines with its Industry 4.0 solutions. “We are very pleased to receive the recognition that comes with the ‘Axia Best Managed Companies Award.’ The distinction confirms the work we have been doing over the past few years and also is an incentive to keep making progress. However, this does not change our goals in any way: With our custom-fit innovations, we help our customers manufacture their products faster, more precisely and more efficiently. This is where digitalisation, for example, opens up entirely new opportunities that we will not miss,” expressed Claus Mai, CFO, EMAG Group.