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Startseite Stadt München
Munich as a business location

DAX-listed companies in Munich

Here you can find details of the Munich companies that are currently listed in the German stock indexes DAX, MDAX, SDAX and TecDAX.
As of: September 2026

Munich companies on the German stock market

DAX companies

MDAX companies

SDAX companies

TecDAX companies

Munich as leading investment center

Eight DAX-listed companies are based in Munich and the surrounding region, more than in any other German city. Munich is also home to numerous companies in the MDAX, SDAX, and especially TecDAX stock indexes.

The many renowned companies and broad mix of market leaders in different sectors is a major reason why Munich’s economy has proved particularly resilient even in challenging times.

Munich companies in the four German stock indexes

The Deutsche Aktienindex (DAX) is Germany’s most important stock index. It consists of the country’s 40 largest companies in terms of order book volume and market capitalization that are trading on the Frankfurt Stock Exchange.

Eleven of the 40 DAX-listed companies have their headquarters in Bavaria, and eight of these are in Munich and the surrounding region:

  • Allianz SE (Munich)
  • BMW AG (Munich)
  • Infineon Technologies AG (Neubiberg)
  • MTU Aero Engines AG (Munich)
  • Münchner Rück AG (Munich)
  • Scout24 SE (Munich)
  • Siemens AG (Munich)
  • Siemens Energy AG (Munich)

These companies make Munich the leading DAX city, ahead of Düsseldorf and Essen (4 each) and Frankfurt am Main (3).

The MDAX lists the 50 companies that rank in size immediately below those included in the DAX index. Company size is calculated based on a combination of order book volume and market capitalization.

Eight of Bavaria’s thirteen MDAX companies have their headquarters in Munich and the surrounding region:

  • CTS Eventim AG & Co. KGaA (Munich)
  • HENSOLDT AG (Taufkirchen)
  • Knorr-Bremse AG (Munich)
  • Nemetschek SE (Munich)
  • Siltronic AG (Munich)
  • SUSS MicroTec (Munich) 
  • TRATON SE (Munich)
  • Wacker Chemie AG (Munich)

This places Munich ahead of Hamburg, Cologne and Essen which have three each.

The SDAX is a stock market index composed of 70 small and medium-sized companies that rank directly below the MDAX shares in terms of order book volume and market capitalization.

13 of Germany’s SDAX companies come from Bavaria, and eight of these companies have their headquarters in the Greater Munich Area:

  • ATOSS Software AG (Munich)
  • CANCOM SE (Munich)
  • Dermapharm Holding AG (Grünwald)
  • Deutsche Pfandbriefbank AG (Garching)
  • Mutares SE & Co. KGaA (Munich)
  • SFC Energy AG (Brunnthal)
  • Sixt SE (Pullach)
  • Wacker Neuson SE (Munich)

Munich is also Germany’s leading city when it comes to the SDAX, ahead of Berlin (6) as well as Hamburg (4).

The TecDAX tracks the performance of the 30 largest German companies from the technology sector.

Following a regulation change in 2018, tech companies can be listed in both the TecDAX and the DAX40, MDAX or SDAX.

Six companies from Munich and the surrounding region are currently listed in the TecDAX:

  • ATOSS Software AG (Munich)
  • HENSOLDT AG (Taufkirchen)
  • Infineon Technologies AG (Neubiberg)
  • Nemetschek SE (Munich)
  • Siltronic AG (Munich)
  • SUSS MicroTec SE (Garching)

These results reflect the strength of the ICT and biotech sectors in Munich. By comparison, Montabaur Hamburg and Jena each have two TecDAX companies.