Strong Growth in the Financial Year 2021 for Physik Instrumente (PI)

"Our decision last year to invest in expanding our capacities despite all of the insecurity because of the pandemic, has proved to be correct", stated the CEO, Markus Spanner. In the financial year 2021, PI experienced growth of approximately 27 percent with 243 million euros turnover. "Despite all of the adversity, our 1,400 employees have accomplished this growth with a great deal of dedication, I thank them sincerely for this“, emphasized Markus Spanner.

The number of incoming orders grew even more, by 62 percent, to a record value of more than 320 million euros. "Corona has massively and permanently accelerated the megatrends digitalization and health to an extent that has surprised all of the market players, even us" pointed out the CEO. Also, in the third year of the pandemic, supply chains are very strained and are leading to short supplies industry wide.

170 Additional Jobs Were Created

In the financial year 2021, the PI Group invested more than 5 million euros in optimizing production in Germany and could hence increase capacities considerably. Furthermore, 170 additional jobs were created. "We will also continue to expand our capacities in 2022 and create new jobs on all levels" announced Markus Spanner. At their locations in Karlsruhe, Eschbach and Rosenheim, PI produces components and modules for high-precision movements right down to a millionth of a millimeter, as well as piezoceramic components in Lederhose, Thuringia.

Strengthening the Technology Portfolio

With the acquisition of the Japanese company Precision Granite W Co. Ltd., which was completed in February 2021, PI has further expanded their technology portfolio with precision granite for machine bases and measuring setups and is strengthening their competency as system integrators. "The biggest markets for our segments semiconductor manufacturing, photonics, life sciences and industrial automation are in Asia and the USA, which is why we are also expanding our presence there, including local development and production“, announced Markus Spanner: " We are also expecting PI to grow in all segments in the financial year 2022 and beyond.“