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If you are curious about the German economy in general or simply about some of the companies the country has produced, look no further than this list of some of Germany's largest corporations. Ranging from industries like automotives with the BMW group or telecommunications services like Deutsche Telekom, these German companies have built impressive international businesses that serve markets all over the globe. Here are some of their backgrounds: Allianz Worldwide Market Value: U.S. $60.6 billion dollars Founded in 1890 in Berlin by Carl von Thieme, Allianz Worldwide began by selling marine policies. Today, the company has evolved into much more. From their headquarters in Munich, Allianz Worldwide offers financial services to a wide range of clients although they are heavily associated with their work in the insurance sector. They were judged to be the largest insurance company on the planet in 2013 as well as important players in investment management in both domestic and international capacities. Deutsche Telekom Market Value: U.S. $70.5 billion dollars Stemming from its background as the official post office run by the German government, Deutsche Telekom evolved into its current form in 1996 when it was privatized. From their headquarters in Bonn, Deutsche Telekom offers telecommunications services in areas like cellular service and Internet connectivity. The company has expanded beyond the borders of its initial service footprint in Germany and now serves markets all over Europe as well as the United States through a recent merger with American provider, MetroPCS. BMW Group Market Value: U.S. $27.6 billion dollars Perhaps the most internationally famous German company, the BMW Group derives its name from the acronym for Bavarian Motor Works. Since their founding in 1916, the German corporation has expanded to produce motorcycles and engines, as well as of course, their famous cars. From their headquarters in Munich, BMW oversees many luxury and racing vehicles for diverse international markets, as well as operating as the parent company for smaller brands like Rolls Royce and Mini. Bayer Group Market Value: U.S. $32.3 billion dollars Founded in Barmen in 1863, the Bayer Group manufactures chemicals and pharmaceutical products. From their current headquarters in Leverkusen, the Bayer Group is one of the globes most important names in medical development and drug manufacturing. Historically speaking, the company is famous for being the first to develop aspirin, now an international staple in basic medical care. One of the chemists they employed in a research division, Arthur Eichengrün is in contention with a fellow Bayer employee working as a chemist, Felix Hoffmann, for which was the true discoverer of aspirin. Regardless of which man was the first, the company has contributed to the proliferation of the drug around the globe for fever reduction and pain relief. ThyssenKrupp Group Market Value: U.S. $10.2 billion dollars To round out our list, the ThyssenKrupp Group is a large corporation headquartered in both Duisburg and Essen. The company develops and produces much of the steel for the world's manufacturing industries such as automobiles, industrial construction, and elevators. The current massive size of the company can be attributed to a merger between the separate entities Thyssen and Krupp that occurred in 1999. Have you always wanted a BMW? Detroit drivers, look no further. BMW of Rochester Hills has just what you need. Learn more here: http://bmwofrochesterhills.com.
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