AZKOYEN (IBEX 35) 0 (0%)

The Azkoyen Group was named as one of the most innovative companies in Europe

Grupo Azkoyen | The Azkoyen Group was named as one of the most innovative companies in Europe
15 Feb 2023
  • The Azkoyen Group ranks 17th among the Spanish companies included in the study, that analysed a total of 2,500 companies worldwide
  • The Group ranks in 6th place in Spain in R&D investment per employee (16,000 euros per employee)

The Azkoyen Group, a leading Spanish technology multinational, which offers automated products and services designed to bring unique experiences to people in their everyday lives, is positioned as one of the Spanish companies with the highest investment in R&D in Europe, according to the 19th edition of the annual survey, The 2022 EU Industrial R&D Investment Scoreboard.

The study, which evaluates 2,500 companies from around the world, is primarily aimed at analysing the performance of innovation-driven industries. The report provides valuable information on research and development (R&D) investment, which can be used by companies, investors and policy makers to make informed decisions. This indicator is essential for understanding the overall innovation landscape and for identifying trends and opportunities in the market.

The total R&D investment of the companies assessed amounted to 1,094 billion euros, surpassing the billion euro mark for the first time, demonstrating a clear commitment to innovation and an increased emphasis on research and development within the business sector. According to the study, the Azkoyen Group is in 17th place among the most innovative Spanish companies, with more than 59 active patent registrations and 27 new products launched in the last three years.

The most innovative products developed by the company include MIA technology, Distance Selection, the Neo Q dual coffee machine, Cashlogy, connectivity in retail, coffee and vending machines, IoT solutions and physical and digital payments, as well as highly secure access control, among other products. The company devotes 15% of its workforce to R&D, spread across its 8 innovation centres around the world.

The Azkoyen Group has demonstrated its commitment to technological innovation during more than 75 years of experience in developing cutting-edge technological solutions in order to offer tools that help its customers create unique experiences for people through innovative products and automated services.