Grenke

Grenke AG is a German manufacturer-independent leasing company which is specialized in office communication-products, including printers, copiers, telephone systems, servers and laptop computers. Besides its leasing-activities, Grenke makes a notable portion of its revenue with factoring services. By acquiring the German private bank Hesse Newman in 2009, the company obtained a banking license. The most important markets for the company are Germany, France and Italy. The company was founded by Wolfgang Grenke in 1978. Internationalization was driven forward, especially since the 2000s. Since June 2019, Grenke is included in the MDAX index on the Frankfurt Stock Exchange. In early 2009, the company acquired a banking license through the purchase of the former private bank Hesse Newman, which was then renamed Grenke Bank. On May 3, 2016, the general meeting of Grenkeleasing AG decided to change its name to Grenke AG. This step was justified by the increasing importance of the areas of factoring and banking.