The logistics of the healthcare sector is growing fast. And companies like Würzburg, Germany-based Va-Q-tec are spawning new TCL technologies that are not only delivering the product but also the bottom line.
In 2001, Joachim Kuhn and Roland Caps co-founded a company that sought to commercialize the thermal insulation technology the two German scientists had developed at a Bavarian energy research center.
In the beginning, the two weren’t certain about what industries they would focus on. However, their company, Va-Q-tec AG, quickly centered its product development on healthcare and logistics. The decision proved fruitful. Based in Würzburg, Germany, the company is now global in reach. It makes insulated boxes and containers. In addition to selling these products to clients, Va-Q-tec boasts a fleet of 1,500 insulated containers for rent around the world, with plans to add another 1,000 containers over the next few years.
Va-Q-tec has ridden the dramatic growth of pharmaceuticals-related temperature controlled logistics in the years since the company’s founding. Last year, Va-Q-tec went public in German bourses (stock exchange). The company notched revenue of €35.5 million, an increase of almost 60% from 2015. Revenue for the first half of this year jumped 44% to €22.5 million.
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