The factory was built in 1894 and produced bicycles under the name ‘Wanderer’. Later on in 1900 they started to produce several other machinery like milling machines. The first motorcycle Wanderer produced was released in 1902 and achieved great success. In 1904, they started to build typewriters and calculating machines. Wanderer built several cars since the year 1913 ranging from ordinary vehicles to sport cars. After the second world war, the factory was stripped down and the brand Wanderer moved to Western Germany. The buildings which were now in the territory of the GDR were turned into the VEB Wanderer-Continental Büromaschinenwerk. Since then, the factory only produced typewriters for two years. However, in 1955 it was already renamed in VEB Industriewerke Karl-Marx-Stadt and built engines used in planes. When the GDR stopped its own aircraft production, the factory produced hydraulic equipment for cars till it closed down soon after the end of the GDR.
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