WashTec AG (WHTAF)

37.55 0.00 (0.00%) At close: 10:05AM EDT

WashTec AG

Argonstrasse 7
Augsburg 86153
Germany
49 821 55 84 0
https://www.washtec.de

Sector(s): Industrials
Industry: Specialty Industrial Machinery
Full-time employees: 1,687

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Andreas Pabst	Member of Management Board & CFO	482.98k	N/A	1973
Mr. Sebastian Kutz	Chief Sales Officer & Member of Management Board	449.39k	N/A	1979
Mr. Holger Ritzenhofen	Head of Service Germany	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

WashTec AG provides solutions for car wash in Germany, Europe, North America, and the Asia Pacific. The company offers gantry carwashes, self-service, and commercial vehicle wash equipment, as well as conveyor tunnel systems. It also provides water recovery systems; full maintenance; on-call service agreements; service projects and upgrades; spare parts; and digital solutions. In addition, the company offers car wash management services; and financial services, such as financing and leasing solutions. Further, it provides various chemicals, such as cleaning, care, and specialty products; and green car care products under the Auwa and TecsLine names. The company serves petroleum companies, convenience stores, individual filling stations, and operator chains; and car wash operators, automobile repair shops, supermarket chains, road freight companies, and public transport operators. WashTec AG was founded in 1885 and is headquartered in Augsburg, Germany.

Corporate governance

WashTec AG’s ISS governance QualityScore as of 1 April 2024 is 8. The pillar scores are Audit: 6; Board: 6; Shareholder rights: 1; Compensation: 9.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.