Success Story: uvex group, uvex: Where tradition meets international vision
uvex group: Commerzbank has been at uvex group’s side in international markets for more than 30 years, combining global presence with local expertise.
In keeping with its guiding principle of “protecting people”, uvex group – which is based in Franconia in southern Germany – develops and manufactures premium products for keeping people safe at work and while doing sport and leisure activities. The product range includes ski and safety goggles, safety footwear, helmets and ear protectors. With 49 branches in 23 countries, uvex has built up a strong international presence and is continually tapping into new markets, with a view to combining global growth with the diverse requirements of the various markets.
On an international course
, Keeping an eye on new marketsInternational expansion needs more than a global strategy. Understanding the specifics of the respective local markets is crucial. Georg Höfler, CFO and Managing Director of uvex group, asks: “Who gives us the vision to look beyond borders?”
Innovation leader in the premium segment, From Fürth to the world and into new markets
uvex made a name for itself internationally from very early on. Back in 1938, German mountaineers climbing the Nanga Parbat peak were equipped with glacier goggles made by the company’s founder, Philipp M. Winter. Today, uvex group is one of the world’s leading specialists in personal protective equipment and sports products. The innovative products that first attracted international attention all those years ago continue to shape the company’s development to this day. From its base in Fürth, uvex has continually expanded its presence in key markets while exploring new business areas, leading to a constant stream of new opportunities for international development.
Commerzbank has been at uvex’s side for more than 30 years, providing support for international day-to-day operations right through to key strategic decisions.
„International growth calls for partners who understand our markets and our business model. We have enjoyed a close working relationship with Commerzbank for more than 30 years. What is particularly important to us is the combination of one-to-one advice, international presence and local expertise. This enables us to tackle even complex decisions together, while keeping a close eye on the relevant markets.“
CFO, uvex group
Setting the course for new international growth, Commerzbank oversees the financing of further international expansion
As the company’s 100th anniversary approaches, uvex has set its course for the next phase of its international development. Private equity investor Warburg Pincus acquired a majority stake in uvex group in 2025. The Winter and Grau shareholder families have each retained a significant minority stake and will continue to be involved in the company’s future development.
With its new majority shareholder at its side, uvex aims to further expand its international presence, strengthening its premium segment, moving into new business areas and making strategic acquisitions.
Commerzbank was one of the key bank partners in the acquisition, alongside an international banking syndicate, and was therefore instrumental in financing this strategic move. The volume of global payments processed by Commerzbank has risen significantly. We were able to further intensify our business relationship with uvex by taking part in the new financing. With Warburg Pincus as its majority shareholder, the company is setting its sights on the next phase of its international expansion. As uvex’s long-standing principal bank, Commerzbank remains an important partner.
„What really matters to our clients is having a close working relationship at all levels. For uvex, personal client coverage, product expertise and our network of overseas branches and representative offices all work together seamlessly. This means that we advise the company in its day-to-day operations as well as with complex financing issues and strategic decision-making. This combination of client focus, international network and broad advisory expertise is one of Commerzbank’s unique strengths.“
Relationship Manager, Commerzbank AG
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