Designer unknown. Monotype mentions it “is based on drawings received from Germany.” [MyFonts] Originally issued in five styles; Condensed 568 (1937), Condensed 522 Titling, Light Extra Condensed 505, Bold Condensed 506, and Bold Condensed 515 (all in 1939) [Reichardt 2011].
Two weights, Condensed and Bold Condensed, were available in digital form since the 1980s [Monotype ad in U&lc Vol. 12 No. 2, 1985]. Greatly expanded in 2018 as Placard Next, now spanning four widths with six weights each, plus rounded styles.