Innovations are a fundamental pillar of our activities and are part of the core elements of our strategy. We define them as solutions that create added value for customers and translate into new products, services or business models.
With our pumps and valves, we serve a broad range of technical applications. The integration of hydraulic and electronic systems is a focus of our activities. As many of our products come into contact with fluids that are more or less corrosive or abrasive, materials research is another key area of our developers’ work.
In these activities, we are primarily drawing on our strong research and development competencies in Europe and India. In addition, we cooperate with external institutes and research facilities. Overall, we spent around € 47 million on R & D in the year under review. This equates to about 2 % of our sales revenue.