Vetter wins Axia Best Managed Company Award

Axia Award 2020

A jury of experts are convinced: Vetter is a symbol for the future of Germany as a business location!

Vetter has been awarded the Axia Best Managed Companies Award for its outstanding corporate management. The coveted seal of approval is awarded once a year by the consulting firm Deloitte, WirtschaftsWoche, Credit Suisse and the Bundesverband der Deutschen Industrie (BDI) to medium-sized companies that stand out for their clear vision, innovative approaches, sustainable leadership culture and solid financial management.
"With the Axia Best Managed Companies Award, we honor companies that are managed in an exemplary manner - as an incentive and role model for others," says Lutz Meyer, partner and head of the SME program at Deloitte. In an extremely demanding, three-stage application process, the areas of strategy, innovative strength, corporate culture and finance are analyzed. The family-owned company Vetter was able to impress the jury with its strategic vision and innovative approaches in all award areas: starting with the systematic strategy process Vetter Excellence 2025, the clear customer focus and innovation management. The jury was also impressed by the anchoring of strategic initiatives in everyday work. For example, Vetter 4.0, with the aim of simulating optimal man-machine processes in the "factory of the future" and then putting them into practice. Or the digitization program Vetter Phoenix, which bundles comprehensive projects such as electronic batch documentation under the title "Working in a digitized pharmaceutical value chain".

"Vetter has convinced with its first-class corporate management, its high innovative power, a strategy based on a long-term perspective, strong governance structures and sustainable corporate culture, making it a benchmark for excellently managed medium-sized companies and at the same time a symbol for the future of Germany as a business location," said Lutz about the decision of the expert jury.

For the two managing directors Thomas Otto and Peter Soelkner, winning the award is both confirmation and motivation at the same time: "Time and again in the past we have taken advantage of new opportunities. The award motivates us to continue to do so".

A glance at the figures also showed the jury that the globally active pharmaceutical service provider is very successful due to its excellent corporate management: In the past ten years, annual sales have more than doubled to around 670 million euros and grown to 5,000 employees ."This success story is based on long-term corporate planning and strategy over decades," says Senator h.c. Udo J. Vetter, Chairman of the Advisory Board and member of the founding family, sees his work confirmed. „This award is for our Employees“

The Axia Best Managed Companies Award was presented to Vetter in May at a festive, socially distanced, awards ceremony at the pharmaceutical service provider's headquarters in Ravensburg.