Founded in 2003, Kalliwoda Research is an independent supplier of equity and bond research. Specialist in Mid- and Small-Caps of following sectors: IT & Software, Media, Engineering & Special Engineering/Laser/Photonics, Biotech & Pharmaceuticals, Chemicals, Renewables, Utilities, Oil/Gas producers, Logistics and Financial Services. Analysis of European growth and high valued companies with a market cap between EUR 20mn and EUR 10bn. The team consists of economists, biologists, chemists and engineers with longtime industry know-how and delivers independent and detailed fundamental analysis with a transparent and disciplined investment style.