Vetter, a global Contract Development and Manufacturing Organisation (CDMO), has been awarded the Best Managed Companies Award, marking its fifth consecutive win.
The jury made its selection based on Vetter’s consistency and strength in driving corporate development and its dedication to implementing innovative initiatives across the company to support its growth. The renowned jury panel considered successes across the evaluation categories of strategy, productivity and innovation, culture and commitment, and governance and finance.
Markus Seiz, Best Managed Companies Programme Lead and Director at Deloitte Private, comments: “Above all, Vetter stands out in the scope of its tactical measures to drive growth. The global, family owned CDMO has accelerated its own strategic development by creating programmes and processes that directly support the needs of its customers. Through this commitment, the company consistently surpasses expectations. The professionalism of the employees drives it forward, and therefore the CDMO undoubtedly deserves to be among our winners again this year.”
Ambitious goals successfully achieved
In 2023, Vetter was able to report a turnover of more than EUR €1bn for the first time. The major expansion projects at its sites in Germany, which are associated with high financial investments, are on schedule or are already successfully operational.
In addition, the company is working on important automation and digitalisation projects that have already enhanced daily operations. For example, the Speed Bin Picker, which was adapted to Vetter’s unique requirements, sorts prefilled syringes, which are loosely kept in sterile containers, into trays. This automation eliminates time spent on repetitive manual work.
Sustainability matters
Vetter prioritises sustainability alongside its economic success, a primary consideration for the jury panel. For example, by joining the Science Based Target Initiative (SBTi), the pharmaceutical service provider has committed to their strict climate protection rules. In addition, the CDMO has invested over one million euros in the construction of a large photovoltaic system for sustainable power generation at the German Ravensburg West site.
Vetter Managing Director Thomas Otto adds: “We believe our fifth consecutive Best Managed Companies Award is a direct reflection of our success in reducing our environmental footprint while achieving record sales. Our strategic approach is to treat our sustainability goals as an integral part of our corporate strategy.”
Deloitte Private, the newspaper Frankfurter Allgemeine Zeitung, and the Federation of German Industries (BDI), together with the banking partner UBS, present the Best Managed Companies Award to outstandingly managed companies.
