Information

Economy

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

T5 VW commercial vehicles — VW Commercial Vehicles Hanover

The Hannover region stands out as an innovative industrial hub, a service-oriented metropolis, and an international trade hub with promising prospects for the future. This is underpinned by a solid foundation of steadily growing economic structures in both traditional sectors and pioneering industries of the future.

Business Location

World-renowned brands are inextricably linked to the Hanover region: Bahlsen, Continental, Dirk Rossmann, Johnson Controls, Kind Hearing Aids, Komatsu-Hanomag, MTU, Sennheiser, Solvay Germany, and TUI all have their headquarters here. With approximately 16,000 employees, Volkswagen AG’s commercial vehicle division is the city’s largest employer. Hanover is also one of Germany’s most important hubs for the insurance industry. Concordia, the Talanx Group—which includes brands such as Hannover Re and HDI—as well as 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 River. Among the region’s most important financial institutions are, in particular, the savings banks and cooperative banks. Sparkasse Hannover is one of the largest public-law credit institutions in Germany.