Leuze electronic once again listed in the world market leader index
As champion in the Optical Sensors category, Leuze electronic is once again listed in the 2019 world market leader index compiled by the University of St. Gallen, making it one of 14 world market leaders located in the Esslingen district, South Germany
Owen, March 1, 2019 – Leuze electronic was included in the world market leader index (WMF index) of the University of St. Gallen as the champion in the field of optical sensors for the first time in 2016. To qualify for the champions category, a company must have an annual turnover of more than €50 million and earnings through exports of at least 50%. Additional requirements are that the company must have its headquarters based in the DACH area (representing the regions and countries with German as their official language), must be active on at least three continents and must also be the market leader in its relevant segment. In total, 516 German world market leaders are listed in the WMF index. They employ around 6 million people worldwide and generate a turnover of 1.5 trillion euros. Leuze electronic with its headquarters in Owen/Teck is one of a total of 14 world market leaders in the Esslingen district. The WMF index is generated through objective research and transparently presents the world market leaders in the DACH area. The selection criteria and the values determined are disclosed and the entire index is made accessible to the public. The creation and scientific direction of the project is in the hands of Prof. Dr. Christoph Müller of the HBM School of Entrepreneurs, which is part of the Executive School of Management, Technology & Law of the University of St. Gallen. Cooperation partners of the project include the Academy of German World Market Leaders and the weekly business news magazine "Wirtschaftswoche", who once again organized the annual summit conference of world market leaders which took place in Schwäbisch Hall at the beginning of February. In reply to the question as to how a company becomes a world market leader, Ulrich Balbach (managing director at Leuze electronic) explains: "The entire Leuze electronic company pursues a consistent focusing and differentiation policy – in other words, concentration and focusing on the industries intralogistics, packaging industry, machine tools, automotive industry and lab automation." In these industries the sensor people have specific expertise and many years of experience. For this purpose, Leuze electronic has established a unique industry and key account management system and is a competent partner who, in collaboration with its customers, can offer innovative solutions for the most complex of tasks. Another recipe for the success of the company is the concentration on its core technological competence in the product areas of switching and measuring sensors, identification systems, image processing and data transmission solutions and occupational safety components and systems. "When these technological competences are applied to the above-mentioned industry segments in a targeted fashion, this results in specific applications in which we endeavor to achieve market leadership worldwide in a consistent and targeted way - a goal that has has already been achieved in some areas. Decades of experience in these areas, a high degree of technological competence and the willingness to take the risk of making new discoveries makes us a unique partner for our customers. This is because real innovation that leads to growth can only be found where there is a correct balance between technological possibilities and customer benefits. This is what drives us to invent new products, of which there are many more to follow," explains Balbach.