Engineering a business turnaround in Germany

When Dr. Manfred Wittenstein, Germany's 2012 Entrepreneur Of The Year winner, took over his father's company in 1979, it was a manufacturer of sewing machines for women's gloves. "Drive technology was a growing market," he says. "Our company hit it off: the growth rate rose up to 50% over the next few years."

The first sub-company was established in 1984. Today WITTENSTEIN AG provides cutting-edge technology for motion with over 1,300 employees in more than 40 countries.