The fan and motor manufacturer Ziehl-Abegg posted growth of around 12 per cent in the year 2017.
Turnover rose from $A768 million to $856 million and reaching a new record high on the number of employees.
Ziehl-Abegg CEO Peter Fenkl said the growth in sales was worldwide with some countries posting increases in the double digit percentage range.
"Our expectations have been significantly exceeded in Asia as well as in North and South America," he said.
"This year we will again be launching products that will set new records for energy efficiency, as well as investing in the global production and service network."
A year ago, Ziehl-Abegg employed 3,550 people worldwide, now that figure is 3,900.
Ziehl-Abegg has also improved and expanded its production capabilities. In 2017 the company invested a record $68 million.
While ventilation technology (fans) and drive technology (elevators, medical technology) each posted double digit sales increases, the automotive division is lagging behind expectations.