Our expertise and strong market position are no coincidence. They are forged from the same entrepreneurial spirit that also distinguishes our customers.
In 1978, Wolfgang Grenke had an idea. Modern telephone systems, copiers and computers were finding their way into more and more offices. So he decided to make the associated investments easier by offering companies attractive leases. Having established his one-man business in Baden-Baden, he began a success story that shows no sign of slowing down. Even in the first year, Wolfgang Grenke and two employees oversaw 21 resellers and 198 leases. He saw massive potential in leasing low-cost office equipment (small-ticket IT leasing).
The company, now renamed GRENKELEASING KG, was expanding rapidly. Our first branches were established in the Federal Republic of Germany. In 1990, GRENKE proved itself a pioneer yet again: even before reunification, we opened our own branch in former East Berlin. In the years that followed, we set up a further eight branches in Germany and Austria. In December 1997, the company became a stock corporation.
In April 2000, GRENKE went public. The company has been listed on the SDAX since March 2003. However, it remains faithful to its promise to work with small and mid-sized businesses on an equal footing and as a reliable partner. In 2005, the company set up its Factoring business area.
GRENKE is celebrating 40 years in business. At the end of February, Wolfgang Grenke stepped down as Chairman of the Board of Directors. Antje Leminsky, his former deputy, became our new Chair and is taking the company forward with our founder’s spirit. In May 2018, Wolfgang Grenke was elected to the GRENKE AG Supervisory Board.
GRENKE spans the globe with a presence in 32 countries. What was once a one-man business is now a multinational group of companies with a wide range of services, which is listed in the SDAX since 2003 and included in the MDAX per June 2019. In addition to leasing IT and office equipment, GRENKE now offers financing for a host of other items. Factoring and banking services complete our comprehensive portfolio for start-ups, mid-sized businesses and private individuals.