The Marquardt Group continues down a path of growth, closing its 2016 financial year with record sales. The Marquardt Group, consisting of 19 global locations, including its North American headquarters located in Cazenovia, generated $1.1 billion last year, a 10 percent increase since 2015. As a result, Marquardt’s growth in 2016 was above the industry average.

Dr. Harald Marquardt, Chief Executive Officer of the Marquardt Group, said Marquardt’s immense growth in sales was a result of product development and global expansion.

“We owe it to our versatile products and innovative solutions for a variety of major markets,” he said. “We have also consistently expanded our global presence, adding four global locations in 2016, and invested heavily in research and development, which are the fundamentals for sustainable success.”

Marquardt experienced positive developments in multiple industries, worldwide. Its automotive division experienced vast growth last year, due to the increasing demand for high-quality electro-mechanical components. Among other products, Marquardt supplies anti-theft driver-authorization systems, remote keys, control panels and interior lighting systems.

The home division also observed positive results driven by its intelligent control components, including environmentally-friendly dosing pumps, which reduces washing machine detergent consumption.

In 2016, the company focused significant efforts on developing products for the electric-bike market. The company established an all-in-one system for bicycle manufacturers, which includes on-board computers with smartphone connectivity, motors, batteries, sensors and control devices.