The recognition is based on the analysis of 4,000 SMEs and was conducted by Munich Strategy, a consultant company in the food, construction and mechanical engineering industry.
Criteria for the ranking were the companies’ annual revenue as well as interviews with managers, customers and competitors. To shortlist 400 companies, the consultants determined an innovation score which included the number of new products and the type of products the companies introduced to the market. Investments in Research and Development and how the companies were viewed by their competitors also played an important role.
We are very proud that our innovative welding solutions have been recognised and we are even more pleased that we are perceived as a forward-looking business within the SME sector.