WashTec AG
WHTAF
Other OTC57.30
USD
- -
- -
ISIN
DE0007507501
Return %
Stock
S&P500
1Y
43.21
26.53
3Y
-4.50
76.60
5Y
9.35
80.11
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Michael Drolshagen
- Full Time Employees
- 1,780
- Sector
- Industrials
- Industry
- Industrial - Machinery
- Address
- Argonstrasse 7 Augsburg Germany 86153
- IPO Date
- Oct 25, 2011
- Website
- washtec.de
- Similar Companies
- Business
- WashTec AG is a leading global provider of vehicle washing technology, specializing in the development, manufacture, marketing, and servicing of a comprehensive range of car wash systems. Its product portfolio includes roll-over wash equipment, self-service wash equipment, commercial car wash machines, wash tunnels, water reclaim systems, washing chemicals under the AUWA brand, and spare parts. The company also offers digital solutions such as AI-assisted analytics, remote monitoring, digital control platforms, and integrated software to optimize car wash operations and profitability. WashTec operates primarily across three geographic segments: Core Europe, North America, and Asia/Pacific, serving a broad market of car wash operators with a full-service approach including leasing and rental solutions. Founded in 1967 and headquartered in Augsburg, Germany, WashTec has established a strong global presence with subsidiaries and independent dealers in over 80 countries. A recent major development includes a strategic partnership with Superoperator, a leading digitalization pioneer, announced in early 2025, aimed at embedding digital transformation into all WashTec machines. This collaboration advances new digital business models, operational efficiencies, and improved customer experience by pre-installing Superoperator's software solutions in WashTec's equipment. The company has also introduced the SmartCo Connect rollover machine bundled with consumables and technical services, expanding recurring revenue streams and digital integration in its offerings. In addition to hardware and digital innovation, WashTec continues to reinforce sustainability within the car wash sector by launching international certification programs for sustainable car wash practices in 2023. The company maintains an extensive service network, boasts the largest installed machine base worldwide, and enhances profitability through its consumables business line featuring high-quality washing liquids and car care products. WashTec’s ongoing business expansion focuses on integrated solutions that connect washing technology, payment systems, consumables, and service offerings into a seamless ecosystem, positioning it as a forward-thinking leader in vehicle washing technology worldwide. This comprehensive approach supports operators in new markets and customer segments while promoting efficient, profitable, and future-proof car wash businesses. WashTec remains at the forefront of innovation by continually investing in research and digital transformation initiatives to maintain its leadership in the industry.
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