Financial and press releases
INDUS appoints fourth member to Board of Management
• Team for continued growth complete
• Increased focus on Technology & Innovation
• Development bank projects reach next development stage
The Supervisory Board of INDUS Holding AG has appointed Dr. Jörn Großmann to the Board of Management with effect from 1 January 2019. He will be responsible for Technology & Innovation. “With four members serving on the Board of Management again, the INDUS Group is excellently positioned for continued growth,” says Helmut Späth, Chairman of the Supervisory Board. “What is more, we have increased our focus on innovation, which will be particularly important for the future development.” The INDUS Group expects its 45 small and medium-sized hidden champions to generate sales revenues of between EUR 1.65 billion and EUR 1.70 billion in 2018.
Graduate engineer Dr. Jörn Großmann has long-standing professional and management experience in the technology sector. He initially held technical management positions at Doncasters Precision Castings-Bochum, at Buderus Feinguss in Moers and at the Georgsmarienhütte Group. In 2011, Jörn Großmann joined Aalberts Industries N.V. as executive manager, where he was in charge of business development. Since 2015, he has served as managing director of coating specialist Impreglon in Lüneburg, a subsidiary of Aalberts Industries.
Dr. Jörn Großmann will primarily be tasked with further developing and refining the development bank scheme successfully initiated by INDUS as well as with intensifying the holding company’s innovation drive. Since the launch of the development bank scheme, INDUS has supported 16 innovation projects of the portfolio companies with a total project volume of roughly EUR 8 million. “Having started as recently as 2016, we are already recording the first successes,” says CEO Dr. Johannes Schmidt. One such success is the E-bus Cluster project, where INDUS companies develop networked systems for practicable electric mobility in local public transport together with partners from industry and science. The project results were successfully presented in an electric bus at the InnoTrans fair in September 2018. Two other projects, “Heat Pumps in E-buses” and “PTA plating”, where a powder for wear protection is being developed, will make their first contributions to revenues already this year.
“The constant innovation of products and processes is part of the DNA of Germany’s small and medium-sized enterprises – and, hence, of the companies of the INDUS Group,” says Dr. Johannes Schmidt. “We continue to see considerable potential in promoting and supporting these activities.” HAUFF-Technik and SIMON, two INDUS subsidiaries, were awarded the title of “TOP 100 Innovator” in 2018. Bielstein & Siekermann, which has developed a new kind of metal forming process for high-strength steel in the context of the HEATforming development bank project, won the title of “Innovator 2018” as well as the “Großer Preis des Mittelstands” (SME Award) in 2018.
For more information on the Board of Management of INDUS, click here.