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KraussMaffei takes a stake in second-hand machinery firm and sets up digital unit

WCM-technology

Machinery firm KraussMaffei Group is expanding its portfolio and digital offering with a stake in German second-hand machinery start-up GINDUMAC (Global Industrial Machinery Cluster). The investment provides KraussMaffei with the potential to win new customers and enter the second-hand machinery market with digital sales solutions, it says. Existing customers will also benefit from the investment through a new “Old for New" concept.

GINDUMAC, headquartered in Kaiserslautern, Germany, operates globally in the trading of second-hand metal and plastics processing machinery.

Through the investment, KraussMaffei will be able to fully map the life cycle of used plastics processing machinery. Furthermore, it says it will expand its offerings by a rental model for second-hand machinery. Terms of the deal were not disclosed.

With the purchase of a new machine, GINDUMAC will guarantee KraussMaffei customers a fair market price for their used machine. Based on an intelligent data algorithm GINDUMAC is able to evaluate the current market value of any machine within less than 48 hours.

Founded in 2016 in Germany, the start-up operates internationally with offices in Germany, Spain and India. With more than 30 employees the company works with a vast network of second-hand machinery specialists worldwide. The product range includes machine tools, sheet metal working machines and injection moulding machines from various international manufacturers

Meanwhile, to commemorate its 180th anniversary, KraussMaffei has also set up a new business unit, Digital Service Solutions, to develop and market new offerings and also be home to the classic service offering.

In the future, customers across all segments will benefit from digital services in the areas of individual data analytics, platform-based machine controlling, connectivity and new "plug-and-play" offerings.

Nadine Despineux, currently Vice President Sales IMM (Injection Moulding Machinery), will head the new business unit Digital Service Solutions starting from 1 July 2018. In her new position as Managing Director of KraussMaffei Technologies GmbH she will also gain a seat in the Executive Committee of the KraussMaffei Group.

(IMA)


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