VARTA

German electrical battery manufacturer VARTA AGLogo used since 2021TypePublicTraded asFWB: VAR1ISINDE000A0TGJ55IndustryElectrical equipmentPredecessorAccumulatoren-Fabrik AFA Founded27 December 1887; 138 years ago (1887-12-27)FounderAdolf MüllerHeadquartersEllwangen, GermanyArea servedWorldwideKey peopleMichael Ostermann (CEO)Rainer Hald (CTO)Marc Hundsdorf (CFO)ProductsElectrical batteriesRevenue793,000,000 (2024) Net income−64,500,000 (2024) Number of employees4,000 (2024) Websitewww.varta-ag.com Aerial picture of the VARTA microbattery factory in Ellwangen VARTA AG (pronounced [ˈvaʁta]; German: Vertrieb, Aufladung, Reparatur transportabler Akkumulatoren, lit. 'distribution, recharging and repair of portable accumulators') is a German company manufacturing batteries for global automotive, industrial, and consumer markets. History VARTA was founded by Adolph Müller [de] in 1887, and established in 1904 as a subsidiary of Accumulatoren-Fabrik AFA. After World War I, VARTA together with AFA was acquired by German industrialists Günther Quandt and Carl Hermann Roderbourg. After World War II, most of the VARTA shares passed from Günther Quandt to his son Herbert Quandt. The su