Grenke

Grenke AG is a German manufacturer-independent leasing company which is specialized in office communication-products, including printers, copiers, telephone systems, servers and laptop computers.[3][4] Besides its leasing-activities, Grenke makes a notable portion of its revenue with factoring services. By acquiring the German private bank Hesse Newman in 2009, the company obtained a banking license. The most important markets for the company are Germany, France and Italy.[2][5]

Grenke AG
TypeAktiengesellschaft
ISINDE000A161N30
IndustryLeasing
Founded1978
HeadquartersBaden-Baden, Germany
Key people
Antje Leminsky (Chair of the Board)[1]
RevenueEUR 3.6 billion (2019)
Number of employees
1,675[2]
Websitewww.grenke.de
Headquarters of Grenke in Baden-Baden

History

The company was founded by Wolfgang Grenke in 1978. Internationalization was driven forward especially since the 2000s. Since June 2019, Grenke is included in the MDAX index on the Frankfurt Stock Exchange.[6]

In 2020, Grenke entered the US-market by establishing a franchising company headquartered in Phoenix, Arizona.[7]

References
  1. Grenke, "Imprint", accessed on September 13, 2020.
  2. Grenke, "Reports and presentations (Grenke AG Group Annual Report 2019)", accessed on September 13, 2020.
  3. baden online, "Grenke AG erzielt leichtes Plus – Finanzdienstleister erwartet aber Zahlungsausfälle", accessed on September 14, 2020.
  4. Manager Magazin, "Milliardengeschäfte mit Leasing – Geheimtipp Grenke", accessed on September 14, 2020.
  5. BNN, "Baden-Badener Finanzdienstleister Grenke legte 2019 zu", accessed on September 14, 2020.
  6. Handelsblatt, "Grenke steigt in den MDax auf", accessed on September 14, 2020.
  7. it-times.de, "Grenke: Neugeschäft des IT-Leasing- und Factoring Spezialisten eingebrochen", accessed on September 14, 2020.
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