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Jowat Receives Axia Best Managed Companies Award

The winners of the Axia Best Managed Companies Award are determined in a multi-stage, complex process.

Jowat Axia Award — Present at the award ceremony were (from left): Benedikt Brüggemann, Ph.D., Deloitte GmbH Wirtschaftsprüfungsgesellschaft; Christian Terfloth, Ph.D., Jowat SE; Ralf Nitschke, Jowat SE; Martin Henzler, Deloitte GmbH Wirtschaftsprüfungsgesellschaft; Gerald Thier-Jörg, Jowat SE; and Lena Maurer, Jowat SE.

Jowat SE recently announced that it is one of this year’s winners of the Axia Best Managed Companies (BMC) Award for excellently managed companies. The Jowat SE board received the prize in the company’s House of Technology in Detmold, Germany.

“We understand this award as recognition for Jowat’s innovative strength and our aspiration to always develop optimal and sustainable solutions for our customers,” said Ralf Nitschke, Jowat board member.

The Axia BMC Award is an international seal of approval for successful Mittelstand (small- and mid-sized organizations in German-speaking countries) companies awarded by the auditing and consulting firm Deloitte and the WirtschaftsWoche, in cooperation with the Federal Association of German Industry (BDI) in Germany. “Above all, it is the international character that makes up the Axia Best Managed Companies program,” said Markus Seiz from Deloitte. “The award gives the award winners access to a worldwide network of excellently managed companies from ‘Mittelstand’ from more than 20 countries.”

The winners of the Axia BMC Award are determined in a multi-stage, complex process. In the first step, companies reply to an online questionnaire highlighting their position in the four core areas of the award: strategy, productivity and innovation, culture and commitment, and governance and finance. Based on the application documents, evaluations, and personal interviews, the experts’ council of the Axia Best Managed Companies Award defines a shortlist. The winners are then selected by a jury consisting of representatives from business, science, and the media.

“As one of the award winners, Jowat impresses with its first-class corporate management—through its high level of innovation, a long-term strategy and strong governance structure,” said Lutz Meyer, responsible for the German Mittelstand program and partner at Deloitte. “Jowat is not only the benchmark for excellently managed companies from German ‘Mittelstand,’ but is also a symbol for the future of Germany as a business location.”

For more information, visit www.jowat.com.