VEM Group is a company that specializes in the production of electric motors. It offers brake, roller table, single-phase, and fire gas motors, asynchronous generators, compact drives, frequency converters, and other products. The company also provides system solutions to steel, chemical, shipbuilding, power plant, renewable energy, and other industries.

Employee Rating

3
TypeSubsidiary
HQDresden, DE
Founded1886
Websitevem-group.com
Cybersecurity ratingBMore
VEM Group was founded in 1886 and is headquartered in Dresden, DE
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Key People/Management at VEM Group

Joachim Koch

Joachim Koch

Managing Director
Torsten Kuntze

Torsten Kuntze

Managing Director
Jianyu Wang

Jianyu Wang

Managing Director
Falk Lehmann

Falk Lehmann

Managing Director
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VEM Group Office Locations

VEM Group has offices in Dresden, Hohenstein-Ernstthal, Leipzig, Wernigerode and in 10 other locations
Dresden, DE (HQ)
Pirnaer Landstraße 176
Hohenstein-Ernstthal, DE
Dresdner Str. 35
Leipzig, DE
Bitterfelder Str. 1
Wernigerode, DE
Carl-Friedrich-Gauß-Straße 1
Brunn am Gebirge, AT
Wienerstraße 129 1/2/4
Shanghai, CN
Room 803, Block 2, Xin Zhuang Doushi Road 4885, Minhang District
Show all (14)

VEM Group Financials and Metrics

Summary Metrics

Founding Date

1886

VEM Group Revenue

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View revenue for all periods
VEM Group's revenue was reported to be €177.84 m in FY, 2020
EURFY, 2018FY, 2019FY, 2020

Revenue

206.7m177.7m177.8m

Cost of goods sold

113.1m87.5m94.6m

Gross profit

93.6m90.2m83.3m

Gross profit Margin, %

45%51%47%
EURFY, 2018FY, 2019FY, 2020

Cash

12.4m13.1m11.3m

Accounts Receivable

31.0m26.9m27.7m

Prepaid Expenses

779.4k467.6k956.5k

Inventories

59.6m56.7m64.4m
EURFY, 2018FY, 2019FY, 2020

Net Income

1.8m(11.9m)1.6m

Depreciation and Amortization

7.2m6.6m5.8m

Accounts Payable

(470.0k)1.7m6.5m

Cash From Operating Activities

2.1m232.0k2.1m
EURFY, 2018

Financial Leverage

1.9 x
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VEM Group Operating Metrics

Jun, 2022

Certifications

6

Manufacturing Facilities

4

Product Categories

3

Types of Services

7

VEM Group Acquisitions / Subsidiaries

Company NameDateDeal Size
VEM Drives GmbH
VEM motors Austria GmbH
VEM motors Finland Oy
VEM motors GmbH
VEM Sachsenwerk GmbH
VEM Slovakia, s.r.o.
VEM Tschechien, s.r.o.

VEM Group Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

VEM Group Online and Social Media Presence

Embed Graph

VEM Group News and Updates

High-tech drive systems for railway applications: Part 2 - ...

Entwicklung eines komplett neuen, drehzahlgeregelten Antriebssystems für die BahnHauptbahnhof Mailand: Es ist 16:00 Uhr und auf dem Bahngleis...

VEM Group Frequently Asked Questions

  • When was VEM Group founded?

    VEM Group was founded in 1886.

  • Who are VEM Group key executives?

    VEM Group's key executives are Joachim Koch, Torsten Kuntze and Jianyu Wang.

  • How many employees does VEM Group have?

    VEM Group has 1,500 employees.

  • What is VEM Group revenue?

    Latest VEM Group annual revenue is €177.8 m.

  • What is VEM Group revenue per employee?

    Latest VEM Group revenue per employee is €118.6 k.

  • Who are VEM Group competitors?

    Competitors of VEM Group include DSL, EthosEnergy and Vetus.

  • Where is VEM Group headquarters?

    VEM Group headquarters is located at Pirnaer Landstraße 176, Dresden.

  • Where are VEM Group offices?

    VEM Group has offices in Dresden, Hohenstein-Ernstthal, Leipzig, Wernigerode and in 10 other locations.

  • How many offices does VEM Group have?

    VEM Group has 14 offices.