CGS UPDATE – the CGS Journal
>>> CGS BUY & BUILD
Exploiting potential
Von Jonas Bumbacher, Associate
InnoLas Solutions must grow to realize its potential. The company’s sales of about EUR 20 million are not yet large enough to stay on par in the long run with customers and large groups operating internationally. This was one of the reasons why Richard Grundmüller sold the majority to CGS in April 2018. The jointly developed Buy & Build strategy aims to ensure the company’s competitiveness and prospects for success in the growth markets involved.
InnoLas Solutions enjoys a reputation as an innovative partner with top-class technological expertise that provides a broad, flexible spectrum of products and expert advice. The machine manufacturer has proven its ability to anticipate market developments and offer its demanding clientèle attractive solutions early on.
Yet the company must grow and multiply its turnover to reach a critical mass in terms of international business. Accordingly, the Buy & Build strategy with targeted add-on investments will transform InnoLas Solutions into a solid and technologically leading industrial group doing business around the world.
Acquisitions and innovation
The primary focus will be on acquisitions to expand business into new end markets and develop the company’s service network, especially in Asia and the US. Further activities will be aimed at boosting innovation, continuously developing machine platforms, optimizing and enhancing the products program, and sharing current expertise with the electronics and semi-conductors divisions.
Richard Grundmüller, right, arranged his succession at an early stage: At the age of 53, he sold the majority of InnoLas Solutions to CGS and handed over daily management to Markus Nicht, left.
Early succession
“As a company owner, you need to start asking yourself at the latest when turning 50 what you really want to do with the company and with yourself,” advises 53-year-old Richard Grundmüller. By selling part of his company, he was at the same time also deciding to pass on the complete management of daily business to his younger colleague Markus Nicht and to invest his energy into strategic issues and far-reaching technological matters. This handover was completed without a hitch. He is now working on the buyer instead of the seller side, supporting CGS in choosing and contacting suitable Buy & Build targets.
see www.innolas-solutions.de for more information
InnoLas Solutions produces highly reliable customized laser machines and processing systems for use in the photovoltaic, electronics, semiconductor, and precision engineering industries. The company has wellknown, globally active customers in its core markets – Europe, the US, and Asia. Over 80 employees work at its headquarters in Krailling, Germany, as well as in the US and at several sites in Asia.
