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Drägerwerk

#5336

Rank

$1.39B

Marketcap

DE Germany

Country

Drägerwerk
Leadership team

Mr. Stefan A. Drager B.A. (Chairman of the Exec. Board - Drägerwerk Verwaltungs AG)

Mr. Gert-Hartwig Lescow (CFO, Exec. Board Member for IT & Vice Chairman of Exec. Board - Drägerwerk Verwaltungs AG)

Mr. Anton Schrofner (Exec. Board Member for Medical Division - Drägerwerk Verwaltungs AG)

Products/ Services
Health Care, Medical, Medical Device, Sales
Number of Employees
1,000 - 20,000
Headquarters
Lübeck, Schleswig-Holstein, Germany
Established
1889
Revenue
Above - 1B
Traded as
DRW8.F
Social Media
Overview
Location
Summary
Drägerwerk AG & Co. KGaA operates as a medical and safety technology company in Europe, the Americas, Africa, Asia, and Australia. The company develops, produces, and markets system solutions, equipment, and services for acute point of care, including emergency care, perioperative care, critical care, and perinatal care. It also develops, produces, and markets products, system solutions, and services for personal protection, gas detection technology, and integrated hazard management to customers in industry and mining sectors, as well as public sectors, such as fire departments, police, and disaster protection. The company's products portfolio includes anesthesia devices and ventilators, thermoregulation equipment, consumables and accessories, supply units, lights, gas management systems, patient monitoring, software applications, system products, and other services. Its product portfolio also comprises stationary and mobile gas detection systems, personal protective equipment, and alcohol and drug testing devices. In addition, the company offers various training and services, as well as fire training facilities for firefighters. Drägerwerk AG & Co. KGaA was founded in 1889 and is headquartered in Lübeck, Germany.
History

The company was founded in Lübeck in 1889 as Dräger & Gerling by J. Heinrich Dräger and Carl Adolf Gerling. The first patent was taken out for a reduction device for using carbon dioxide to dispense beer. In 1902 Heinrich Dräger's son Bernhard entered the management; from then on, the company was named Drägerwerk Heinr. und Bernh. Dräger. Since 1970, Drägerwerk has been a public limited company, or Aktiengesellschaft in German.

In 2003, the aerospace division was sold to Cobham plc. In July 2006, it was announced that Draeger Aerospace GmbH had been acquired by B/E Aerospace, Inc.As a result of the COVID-19 pandemic, demand for the Draeger's ventilators skyrocketed. In February 2020, the production capacity was doubled and is to be doubled again . The German federal government commissioned the company with 10,000 devices, which were to be delivered in the course of 2020. Ultimately, only 1,557 devices were delivered, and the rest canceled. An even larger part of the production is sold abroad. In addition, the production of respiratory masks was doubled.

According to an article in New York Times, Xavier Becerra , made the statement that they plan to order approximately 1 Million medical ventilators whenever he takes office. In the course of this statement, he named Dräger under the potential suppliers, regarding to fight against Covid19.

Mission
Drägerwerk seeks to provide the highest quality of medical and safety technology for the betterment of individuals, communities and the environment.
Vision
Drägerwerk wants to be a leader in the medical and safety technology industry by being an innovator in this field, providing efficient and reliable products that customers can be satisfied with.
Key Team

Mr. Rainer Klug (Exec. Board Member for Safety Division - Drägerwerk Verwaltungs AG)

Dr. Reiner Piske (Exec. Board Member for Sales & HR - Drägerwerk Verwaltungs AG)

Stephan Kruse (Pres Bus. Unit Therapy, Medical Div. & Member of Supervisory Board)

Thomas Fischler (Head of Treasury & Investor Relations)

Mr. Welf Böttcher (Head of Corp. Communications)

Recognition and Awards
Drägerwerk has a number of awards and accolades to its name as a result of its pioneering work in the medical and safety technology sector. This includes the German Federal Cross of Merit, the Lübeck Industrial Prize, Germany’s Industry Prize and the ‘Erfinderpreis’ Technology Innovation Award.
References

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Drägerwerk
Leadership team

Mr. Stefan A. Drager B.A. (Chairman of the Exec. Board - Drägerwerk Verwaltungs AG)

Mr. Gert-Hartwig Lescow (CFO, Exec. Board Member for IT & Vice Chairman of Exec. Board - Drägerwerk Verwaltungs AG)

Mr. Anton Schrofner (Exec. Board Member for Medical Division - Drägerwerk Verwaltungs AG)

Products/ Services
Health Care, Medical, Medical Device, Sales
Number of Employees
1,000 - 20,000
Headquarters
Lübeck, Schleswig-Holstein, Germany
Established
1889
Revenue
Above - 1B
Traded as
DRW8.F
Social Media