EWM AG in Mündersbach has placed among Germanys top 100 most innovative SMEs for the second time running in a ranking commissioned by WirtschaftsWoche. The German business magazine had 3,500 German companies analysed with Germanys manufacturer of arc welding technology landing in the top 100. After being named one of Germanys leading innovators for 2020 by the German Frankfurter Allgemeinen Zeitung (FAZ) newspaper earlier this year, this accolade is another win for EWM.
Commissioned by WirtschaftsWoche, the Munich-based consultancy firm Munich Strategy analysed 3,500 companies in the areas of innovation, competitive position, and performance. Excelling once again in all areas, EWM AG placed in the top 100 for the second time running following their previous top-100 spot in 2019. Munich Strategy evaluated companies annual accounts and presentations and interviewed managing directors, customers, and competitors alike. 400 out of the 3,500 companies were then given an innovation score calculated primarily based on their innovativeness, among other criteria. To determine a companys innovativeness, its important to look at how many and what kinds of new products a company has brought to the market, and how high its investments in research and development are, for example.