va-Q-tec receives awards for growth and innovative strength

Cimate Chambers

va-Q-tec has been awarded with awards from two of Germany’s leading business magazines. The Focus Business Magazine honors the company as growth champion for the third time in a row. This makes va-Q-tec one of the fastest growing companies in Germany between 2015 and 2018. In addition, WirtschaftsWoche has published its annual ranking of Germany’s most innovative companies. On this list, va-Q-tec is ranked second slightly behind the winner. The growth champions were selected in cooperation with the Hamburg Institute Statista from around 2 million companies. The competition was open to both privately owned and listed companies. va-Q-tec has achieved an average growth of 31% in the competition period and became eleventh in the category “Manufacturing (excluding automotive, mechanical engineering and plant construction)”. For the sixth time this year, Munich Strategy analyzed the innovative strength of 3500 medium-sized enterprises on behalf of Wirtschafts Woche. An innovation score was calculated for the shortlist of 400 companies. One third of this score results from the development of turnover and profits and two thirds from the innovative strength of the medium-sized enterprises. With an innovation score of 225, va-Q-tec achieved second place in the final ranking of 100 companies.