Information

Economy

Industry, services, skilled trades, and retail: Hanover is considered Lower Saxony’s most important economic hub and offers a diverse range of industries.

T5 VW commercial vehicles — VW Commercial Vehicles Hannover

The Region Hannover stands out as an innovative industrial hub, a service-oriented metropolis, and an international trade hub with strong prospects for the future. This success is underpinned by a robust economic foundation comprising both traditional sectors and pioneering industries of the future.

Business Location

World-renowned brands are inextricably linked to the Hannover region: Bahlsen, Continental, Dirk Rossmann, Johnson Controls, Kind Hörgeräte, Komatsu-Hanomag, MTU, Sennheiser, Solvay Deutschland, and TUI all have their headquarters here. With approximately 16,000 employees, the commercial vehicle division of Volkswagen AG is the city’s largest employer. Hannover is also one of the most important locations for the insurance industry in Germany. Concordia, the Talanx Group with brands such as Hannover Re and HDI, VGH, and VHV have their headquarters here. Renowned financial service providers such as Swiss Life and Nord/LB are present in the city on the Leine. The region’s most important financial institutions include, in particular, the savings banks and cooperative banks. Sparkasse Hannover is one of the largest public-law credit institutions in Germany.