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1978
An idea is born
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).
2000
IPO and even stronger performance
In April 2000, GRENKE went public. The company 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 Invoice Finance business area.
2002
GRENKE starts in the UK
In 2002, GRENKE made its move in the UK setting up a branch in Guildford in the Home Counties outside London. Guildford has been its Headquarters to this day.
2010
Branch Evolution
New branches are established in Bristol 2010, Manchester and Hemel Hempstead 2011, Tamworth 2012, Glasgow 2013, Newport 2015, and Leeds 2018. Belfast became part of GRENKE in 2022.
2018
Change and continuity
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.
2019
GRENKE UK move into new Headquarters
After over 10 years in our central Guildford office, with our continued growth as a business, our team moved into a new Headquarters at No2 London Square.
2020
Expanding international network
GRENKE spans the globe with a presence in 33 countries and is now listed on the MDAX. What was once a one-man business is now a multinational group of companies with a wide range of services. Invoice Finance and banking services completes our comprehensive portfolio for start-ups, mid-sized businesses and private individuals.
2021
Ideally positioned for the future
In August 2021, Michael Bücker became the new CEO of the listed GRENKE AG. His mission is to
sustainably align the leasing specialist for small and medium-sized enterprises with the megatrends
of society. In particular, the focus is now on "ESG" (environment, social and governance) and digitalisation.
2021
Branch Development
In October 2022, three of the UK branches changed their names. Tamworth became GRENKE Birmingham, London became London & Southern Counties and was joined in the UK Headquarters by Hemel Hempstead, who will now be known as London & Northern Home Counties.
2023
Back to normality
GRENKE's first Capital Market Update and ambitious growth targets: For 2024, the Board of Directors expects leasing new business of EUR 3.4 billion and net profit of EUR 140 million. This would double GRENKE's leasing new business and profit compared to financial year 2021. New business and consolidated profit will be increased four quarters in a row in 2022. GRENKE is thus laying the foundation for increasing earnings in the coming years and has a robust starting position on its way back to the old growth strength that has characterised GRENKE for four decades. CFO Dr Sebastian Hirsch will take over from Michael Bücker as Chairman of the Board of Directors on 1 December 2022 - initially on an interim basis - then permanently from 16 February 2023.
