Technology Company Strengthens its Position in German Defense Capabilities.
Technology company VINCORION has maintained its growth trajectory, reaching a milestone of EUR 200 million in revenue for 2024 – marking a substantial increase from the previous year. This positive development underscores the Wedel-based company’s robust position as a technology provider, with orders spanning from power generation systems for armed forces modernization, including generators for armored vehicles, to civilian aviation technology, such as the development of next-generation electric rescue hoists for helicopters.
“Our performance in 2024 demonstrates that German industry is taking its responsibility for national security seriously and is delivering the necessary capabilities,” says Managing Director Kajetan von Mentzingen. “The successful execution of key projects showcases the innovation potential and competence of Germany’s defense industry.”
Strategic Projects Gain Momentum
Notable achievements during the year included supplying critical components for the Leopard 2 main battle tank, such as observation modules for situational awareness and target acquisition, along with advancing power electronics development for the Puma infantry fighting vehicle. Of particular significance are new orders for the Leopard 2 from European nations.
For these and other tank platforms, VINCORION supplies the innovative GTD chaser modular weapon stabilization system, which the company unveiled at the Eurosatory defense exhibition in Paris in summer 2024. This system is implemented in current and future generations of the Leopard 2, as well as the PzH 2000 self-propelled howitzer and other vehicles.
The company’s Altenstadt facility in Bavaria focuses on manufacturing power generators for the Bundeswehr (German Armed Forces) and air defense systems for German and allied armed forces. The Essen facility primarily produces generators that deliver significant performance enhancement for the Boxer armored vehicle. VINCORION’s U.S. subsidiary ensures spare parts supply for the Patriot air defense system.
“Recent developments underscore the necessity to steadily advance Bundeswehr modernization,” explains von Mentzingen. “Our objective must be to substantially strengthen Germany’s defense capabilities by 2029. This requires sustained investment in modern equipment and forward-looking technologies.”
Growing Public Support
“Recent developments underscore the necessity to steadily advance Bundeswehr modernization,” explains von Mentzingen. “Our objective must be to substantially strengthen Germany’s defense capabilities by 2029. This requires sustained investment in modern equipment and forward-looking technologies.”
A recent representative study by the Bundeswehr Center for Military History and Social Sciences reveals a fundamental shift in public perception. “The findings are remarkable,” notes von Mentzingen. “82 percent of the 2,000 respondents expressed favorable views of the Bundeswehr, indicating increased public recognition of our armed forces’ significance.”
Particularly notable is the marked increase in support for higher defense spending: while only 41 percent favored an increase three years ago, that figure has risen to 58 percent. “This significant uptick confirms a fundamental shift in public awareness,” von Mentzingen emphasizes. “There is growing recognition that security and defense capabilities come at a cost.”
“The broad support for meeting NATO commitments is especially significant,” von Mentzingen adds. “70 percent of respondents support fulfilling financial commitments – representing a clear mandate for policymakers.” These figures also indicate the public’s realistic understanding of security policy challenges. Additional data is available in the appendix.
Future Investment Requirements
“Sustainable modernization of our armed forces will require additional investment,” von Mentzingen explains. “The previous special fund was an important first step. We now need to consider increasing defense spending to 2.5-3 percent of GDP to achieve our objectives.”
“Our international customers are seeking enhanced support from the German government for procurement of German systems,” the Managing Director reports. “The United States sets an example: their government acts as a partner, provides political backing for business, and establishes clear processes. We need a similar framework in Germany – it builds trust and enhances our attractiveness as a supplier.”
Collaborating with French or Italian industry partners presents challenges for German companies, von Mentzingen continues: “Each country maintains different regulations regarding military equipment supply. This unnecessarily complicates joint projects. We need standardized European regulations – otherwise, German companies risk exclusion from crucial future initiatives.”
Expanding Civilian Market Expertise
Beyond its core defense sector operations, VINCORION continues to strengthen its civilian market position. “Our technological expertise, particularly in power supply and drive technology, has significant civilian applications,” explains von Mentzingen. A current example is the development of next-generation helicopter rescue hoists, combining superior safety standards with cutting-edge technology.
Workforce Growth and Training Excellence
The company’s success is reflected in its expanding workforce, which grew to approximately 900 employees by 2024, with 550 based at the Wedel facility. “This growth underscores our attractiveness as an employer,” says HR Director Nina Römhild. The low turnover rate of less than three percent demonstrates high employee satisfaction.
VINCORION maintains a strong commitment to training: approximately 50 young people are currently enrolled in apprenticeships or dual-study programs. Programs range from electronics technician training for devices and systems to industrial engineering. “Training qualified specialists is central to our future strategy,” Römhild emphasizes.
“We see further growth potential for 2025,” says von Mentzingen. “Our innovative products and dedicated employees position us ideally to support armed forces modernization. We rely on close collaboration with all stakeholders.”
About VINCORION
VINCORION is a technology company headquartered in Wedel near Hamburg, with additional facilities in Germany and the United States. With approximately 900 employees, the company develops and manufactures innovative solutions in power systems, generators, power electronics, and stabilization and lifting systems.
The company brings decades of experience and unique engineering expertise, particularly in electrical power generation, conversion, storage, and management. This expertise serves both the security and defense sector and civil aviation.
Media Contact:
Florian Hanauer
PR-Manager
VINCORION Advanced Systems
Feldstraße 155
22880 Wedel
Tel. 04103 60 – 2250
Mail: florian.hanauer@vincorion.com
About VINCORION
VINCORION is a technology company that specializes in innovative power systems for safety-critical applications, including generators, electric motors, and drives, gensets, power electronics, and hybrid power systems. As a partner to the civil aviation, security and defense, and rail industries, VINCORION develops and manufactures solutions tailored to its customers’ specific requirements on the basis of an in-depth dialog. A high-performance customer support team provides assistance and service to users of the company’s own products and those from third parties throughout the entire product life cycle. With approximately 800 employees at sites in Germany, and the United States, VINCORION generated revenues of approximately 163 million euros in 2023.
For more information, visit our website www.vincorion.com or X and LinkedIn.