EDAG Group Company Profile

Background

Founded in 1969, EDAG Engineering Group AG (EDAG) is a leading independent engineering services provider specializing in the automotive industry. Headquartered in Arbon, Switzerland, with primary operational offices in Wiesbaden, Germany, EDAG offers comprehensive engineering solutions encompassing vehicle development, electrics/electronics, and production systems. The company's mission is to drive innovation and excellence in mobility and industry engineering, delivering sustainable and efficient solutions to clients worldwide.

Key Strategic Focus

EDAG's strategic focus centers on providing 360° engineering services that cover the entire development process—from initial concept to production-ready solutions. The company specializes in vehicle engineering, electrics/electronics, and production solutions, leveraging advanced technologies such as additive manufacturing, autonomous driving systems, and smart factory concepts. EDAG targets a diverse range of markets, including automotive, commercial vehicles, defense, medical and pharmaceutical industries, energy, and industrial sectors.

Financials and Funding

As of 2024, EDAG reported revenues of €822 million, reflecting its robust financial performance. The company has been publicly listed on the Frankfurt Stock Exchange since December 2015. Major shareholders include the family of Lutz Helmig, holding 77% through Aton Austria Holding GmbH, with other institutional investors and public shareholders comprising the remainder.

Pipeline Development

EDAG is actively involved in developing innovative mobility solutions. Notably, the company introduced the EDAG CityBot, a modular and multifunctional vehicle concept designed for continuous operation in urban environments. The CityBot prototype, capable of autonomous movement and object recognition through AI and machine learning, was showcased at the IAA 2019 and further developed into an AI prototype by 2020.

Technological Platform and Innovation

EDAG distinguishes itself through its proprietary technological platforms and innovative methodologies:

• Additive Manufacturing: Demonstrated by the EDAG Genesis project, which showcased a bionically inspired vehicle structure produced using 3D printing technologies.

• Autonomous Driving Systems: Development of the EDAG CityBot, an AI-driven, autonomous vehicle designed for various urban applications.

• Smart Factory Solutions: Through its subsidiary, EDAG Production Solutions, the company offers comprehensive production engineering services, including simulation, robotics, automation, and digital process validation.

Leadership Team

EDAG's executive leadership comprises:

• Harald Keller, Chief Executive Officer since July 2024. Keller has held various leadership roles within EDAG, including Managing Director (COO) and Manager of Vehicle Development.

• Holger Merz, Chief Financial Officer since June 2019. Merz has an extensive background in finance within EDAG, previously serving as Director of Group Accounting & Tax.

Leadership Changes

In July 2024, Harald Keller was appointed CEO, succeeding the previous leadership. Keller's extensive experience within EDAG positions him to lead the company through its next phase of growth and innovation.

Competitor Profile

Market Insights and Dynamics

The engineering services sector, particularly within the automotive industry, is characterized by rapid technological advancements and increasing demand for integrated solutions. The market is experiencing growth driven by trends such as electrification, autonomous driving, and digitalization.

Competitor Analysis

EDAG's primary competitors include:

• Scalian: A service company specializing in engineering, offering solutions across various industries.

• Knowit: Provides expertise in design, communication, management consulting, and IT services.

• Addnode Group: Offers software and services for design, construction, and product data information.

• ASAP Gruppe: A provider of automotive engineering services.

These competitors focus on various aspects of engineering services, with some emphasizing software and IT solutions, while others concentrate on automotive engineering.

Strategic Collaborations and Partnerships

EDAG has engaged in significant collaborations to enhance its market position and innovation capacity:

• Bosch Engineering GmbH: In 2023, EDAG and Bosch Engineering agreed to project-based collaboration, combining their expertise to offer complete vehicle engineering solutions from a single source.

• SPINEA Deutschland GmbH: Partnered to deliver DriveSpin actuators for electric wheel hub motors, enabling efficient, all-wheel steering capabilities.

Operational Insights

EDAG's strategic considerations include:

• Global Presence: Operating over 80 locations worldwide, ensuring proximity to key clients and markets.

• Comprehensive Service Offering: Providing end-to-end engineering solutions, from concept development to production implementation.

• Innovation Focus: Investing in emerging technologies such as AI, additive manufacturing, and autonomous systems to stay ahead of industry trends.

Strategic Opportunities and Future Directions

EDAG is poised to capitalize on several strategic opportunities:

• Electrification and Autonomous Vehicles: Expanding services in electric vehicle development and autonomous driving technologies.

• Digitalization: Enhancing capabilities in digital engineering and smart factory solutions.

• Sustainability: Developing eco-friendly mobility solutions and supporting clients in achieving sustainability goals.

Contact Information

• Website: www.edag.com

• LinkedIn: EDAG Group

For further inquiries, please visit the official website or LinkedIn profile.