SlideShare a Scribd company logo
The Economic Power of the German ‘Mittelstand ‘

Invest in Bavaria
Prof. Dr.-Ing. Kai Lucks
Global
Positioning

Prof. Dr.-Ing. Kai Lucks
Outlook 2013: Top 3 Barriers Against Investments

Source: FT-Hogan Lovells survey of global firms November 2012
Prof. Dr.-Ing. Kai Lucks
Outlook on Global Firms 2013: M&A Has Lost its Top Priority

Source: FT-Hogan Lovells survey of global firms November 2012
Prof. Dr.-Ing. Kai Lucks
The 21 Leading Export Nations in 2011
Exports in billion USD
2000

1899

1800
1600

– Bavaria is in place 26 among the large export nations
1481

– The export quota in the Munich region is 60 %

1474

1400
1200
1000

823
800
600

660

597

555

523

522
476

473

456

452

400

410

365

350

308
297

297

285

226

200
0

Source: Chamber of Industry and Commerce

Prof. Dr.-Ing. Kai Lucks

Seite 5
European
Perspectives

Prof. Dr.-Ing. Kai Lucks
Prof. Dr.-Ing. Kai Lucks
Europe: 27 Member States

Prof. Dr.-Ing. Kai Lucks
The 15 Members of the Eurozone

Prof. Dr.-Ing. Kai Lucks
The European Diversity is a Result of Different Ways
to Deregulation of Markets

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

UK
Norway

Sweden

Germany
California

Chile
Argentina

Spain

Victoria

Italy

New Zealand

Alberta

Prof. Dr.-Ing. Kai Lucks

Portugal

France
How is Economic and Political Uncertainty in the Eurozone
Impacting on Your Plans for Growth?

Source: FT-Hogan Lovells survey of global firms November 2012
Prof. Dr.-Ing. Kai Lucks
Europe is the Most Important Trading Partner for the US
Inter continental trading volume 2012 up to September:

485 Bio US$

390 Bio US$
CHN

USA
79 Bio US$

EU
200 Bio US$

US Exports 2012 up to September:
“There

is now, for the first time in years, a serious drive towards an E.U.U.S. free-trade agreement,” (Karel De Gucht, the European trade commissioner, said in
Dublin in November)

The chamber estimates that an agreement that eliminated tariffs and
other barriers between the United States and Europe could add 1.5
percentage points to growth on both sides of the Atlantic.
Source: New York Times By Jack Ewing, November 25, 2012
Prof. Dr.-Ing. Kai Lucks
2013 M&A increasingly driven by depressed valuations
and a glut of high-quality assets
Deal Drivers: 2013 Expectations vs. Last Year‘s Results

Source: Freeman Consulting Services & Thomson Reuters, November 2012

Prof. Dr.-Ing. Kai Lucks
European M&A in 2013 to be dampened by Eurozone
crisis, but Americas and APAC largely escape fallout
Impact of Eurozone crisis and resulting banking turmoil

Source: Freeman Consulting Services & Thomson Reuters, November 2012

Prof. Dr.-Ing. Kai Lucks
Renewed interest in foreign assets means active crossborder M&A Market should continue
Most attractive regions for acquisitions

Source: Freeman Consulting Services & Thomson Reuters, November 2012

Prof. Dr.-Ing. Kai Lucks
From a User Economics View Europe is Diverse in (a) Structure,
(b) Profitabilities, (c) Buyer Segments & (d) Labour Costs
Western Sphere

Core

North Track
r
nte
Ce

Eastern Sphere

North Track

k
loc
B

South Track

MMI Analysis

South Track
Western Sphere

Core
Prof. Dr.-Ing. Kai Lucks

Eastern Sphere
Germany

Prof. Dr.-Ing. Kai Lucks
The Federal Republic of Germany

Prof. Dr.-Ing. Kai Lucks
The German Neighborhood

Prof. Dr.-Ing. Kai Lucks
Statistical Figures

Space
01.01.2011
in km2

in %

357.

100

Bavaria

71.

Upper
Bavaria

18.

Federation

Inhabitants
30.06.2011
in
Mio.

GDP
2010

Jobless
2011

Consumption Index
2012

in %

in Mrd.
€

in %

82.

100

2.500

100

7,1 %

100,0

20

13.

15

442

18

3,8 %

108,7

5

4,

5

185*

7*

3,6 %

123,0

*Anteilig berechnet auf Basis von 2009.
Quellen: Statistisches Landesamt Bayern, Arbeitsagentur, GfK Geomarketing sowie
eigene Berechnungen.
Stand: 24.01.2012

Prof. Dr.-Ing. Kai Lucks

Page 20
Germany‘s Main Import Sectors are Chemicals, Crude Oil & Gas,
Machinery and Electrical Engineering

Prof. Dr.-Ing. Kai Lucks
Germany‘s Main Export Sectors are Machinery, Road Motor
Vehicles, Chemicals and Electrical Engineering

Prof. Dr.-Ing. Kai Lucks
The United States are Germany‘s No.2 Investment Region

Prof. Dr.-Ing. Kai Lucks
The USA have invested 24% of all FDI Projects in Germany since
2007. The majority of FDI projects consisted of ICT & Software.

Prof. Dr.-Ing. Kai Lucks
In 2011, Germany Imported Primarily Chemicals, Machinery and
Pharmaceuticals from the US.

Prof. Dr.-Ing. Kai Lucks
In 2011, US Investments Amounted to 178 Projects. Bavaria and
Hessen are the Top Destinations for US Investors.

Prof. Dr.-Ing. Kai Lucks
The ICT & SW Sector is Highly Attractive to US Investors. Sales,
Marketing & and Support Account for the Majority of all FDI Projects.

Prof. Dr.-Ing. Kai Lucks
Source: German American Chamber of Commerce 2012
Prof. Dr.-Ing. Kai Lucks
Structure of
the German
„Mittelstand“
Prof. Dr.-Ing. Kai Lucks
SME‘s in Germany: Share of Overall Economy

SME-definition according to IfM: up to 499 Employees and 50 Mio € Sales

Prof. Dr.-Ing. Kai Lucks
Potentials of German Companies

Company Size
Type

Number of
Employees

Overall Sales
Volume in Mio €

Number of
Companies

Smallest
Companies

1-9

<= 1

1 Mio.

Small
Companies

10 - 49

5 – 25 Mio

100.000

Medium Sized
Companies

50 - 249

26 - 49

20.000

Large Scale
Companies

250 - 500

50 - 249

7.000

> 500

>= 250

500

Big Companies

Source: Statistisches Bundesamt, Umsatzsteuer Fachserie 14 Reihe 8.- ifm Bonn 2002.- Estimations of MMI

Prof. Dr.-Ing. Kai Lucks
German small and medium-sized enterprises enjoy global
recognition, strengthening the brand of the ‘German Mittelstand’
1.Germany’s small and medium-sized companies (Mittelstand) experience a strong
reputation globally.
2.Small and medium-sized companies are the social and economic backbone of
the German economy.
3.By European comparison, Germany’s SMEs are highly efficient at moderate
labor costs.
4.German enterprises are the foundation of manufacturing among medium-sized
companies in the EU.
5.Germany’s medium-sized companies hold the top position in many of the EU’s
manufacturing industries.
6.Small and medium-sized companies represent 99.7% of all companies in
Germany and employ almost 80% of all employees.
7.Medium-sized companies in Germany have a much larger influence on the national
economy than small companies.
8.More than 340,000 German SMEs benefit from exports to global markets.
9.German SMEs are highly active in research and development, creating
competitive “Made in Germany” innovation.
10.The German government strongly supports innovation created by small and
medium-sized companies – welcoming foreign investors as well.
Prof. Dr.-Ing. Kai Lucks
Germany’s small and medium-sized companies (Mittelstand)
experience a strong reputation globally.

Prof. Dr.-Ing. Kai Lucks
Small and medium-sized companies are the social and economic
backbone of the German economy.
With about 3.6 million registered small and medium sized
companies (SME), the German Mittelstand comprises 99.7% of
all enterprises. These companies each employ a staff of less
than 500 employees

Almost 21 million people in Germany work for SMEs. With a
share of 79.6% of all employees, the German Mittelstand is a
major employment driver.

German SMEs contribute strongly to the national economy’s
success. Their share of net value added amounts of 51.3%*.

Note: data refer to 2009, *ifm estimation; Source: IfM Bonn 2012
Prof. Dr.-Ing. Kai Lucks
By European comparison, Germany’s SMEs are highly efficient
at moderate labor costs.

Prof. Dr.-Ing. Kai Lucks
German enterprises are the foundation of manufacturing among
medium-sized companies in the EU
Gross value added
of medium sized
enterprizes in EU
Manunfacturing
2009 in %

Note: *companies with 50 to 250 employees according to EU-definition, **2008 data; Source: Eurostat 2012
Prof. Dr.-Ing. Kai Lucks
Germany’s medium-sized companies hold the top position in
many of the EU’s manufacturing industries.
Gross value added of Medium-Sized Enterprises* in selected EU manufacturing industries
(2009, in %) *

Note: *companies with 50 to 250 employees according to EU-definition, 2008 data; Source: Eurostat 2012
Prof. Dr.-Ing. Kai Lucks
Small and medium-sized companies represent 99.7% of all
companies in Germany and employ almost 80% of all employees.
Economic Influence of German SMEs by Share of …
(2009)

Source: Federal Statistical Office 2011, ifm Bonn 2011
Prof. Dr.-Ing. Kai Lucks
Medium-sized companies in Germany have a much larger
influence on the national economy than small companies.
Medium-Sized* Companies in Germany (2009)

Note: *Medium-sized companies employ between 10 and 499 employees and generate an annual turnover between EUR 1-50 m, according to ifm-definition.
Small companies employ up to 9 employees and generate a turnover of up to EUR 1 m. Source: Federal Statistical Office 2011 .
Prof. Dr.-Ing. Kai Lucks
More than 340,000 German SMEs benefit
from exports to global markets.
Exporting SMEs in Germany by Sector
(2009)

German SMEs generated an export
turnover of EUR 177 bn in 2009. More
than 78% of that turnover was realized in
manufacturing and wholesale & retail
trade.
More than 41% of all medium-sized
enterprises in Germany benefit from
global markets through exports. Almost
12% of their turnover comes from
business abroad.
Export activities of German companies
are strongly promoted by governmental
organizations, e.g. Germany Trade &
Invest.

Source: ifm Bonn 2011, Federal Statistical Office 2011
Prof. Dr.-Ing. Kai Lucks
German SMEs are highly active in research and development,
creating competitive “Made in Germany” innovation.
R&D Expenditures and Number of Personnel in SMEs
(< 500 employees)

Note: *CAGR = compound annual growth rate, Source: Stifterverband 2012, IW Dienst 2011.
Prof. Dr.-Ing. Kai Lucks
The German government strongly supports innovation created by
SME companies – welcoming foreign investors as well.

Source: Federal Ministry of Economics and Technology
Prof. Dr.-Ing. Kai Lucks
The Internal Conditions for M&A Have Improved
But External Barriers Have Increased

Prof. Dr.-Ing. Kai Lucks
The ‚German Mittelstand‘ is different
American SME Company

German ‚Mittelstand‘

Huge homogenious home
market

Smaller national home
market

Shorter term performance
orientation

Long term performance
orientation

Open to M&A

M&A largely seen as risk

Long term R&D seen as
risky

Dedicated to long term
orientated R&D

MBO, MBI more frequently

Family succession preferred

Present in a few different
national markets

Present in 10 out of 27
different national markets

One (few) country
governance systrem

Multi-country governance
system

Low cost source in Mexico
at 1000 miles away

Low cost country at 100 km
distance

Prof. Dr.-Ing. Kai Lucks
M&A in the
German
„Mittelstand“
Prof. Dr.-Ing. Kai Lucks
German M&A Midmarket Deal Index MidMax

Market peaked in 2007 – afterwards coming down by 70 % (deals) /
down by 47% (index)

Prof. Dr.-Ing. Kai Lucks
The German Mid M&A market shows little density
and is less mature than other leading markets

high
NDL
USA
GBR

Maturity
in M&A
GER

Density in M&A
Source: MMI Analysis

Prof. Dr.-Ing. Kai Lucks

high
The German Mittelstand is Active in China – and Vice Versa

5.000 German
Companies having
manufacturing
activities in China

6.000 Chinese
Companies operating
in Germany

Prof. Dr.-Ing. Kai Lucks
Auch kleinere Projekte können komplexe
Herausforderungen darstellen:
Beispiel: Hybridmodell bestehend aus Projektstufen und durchgängigen Prozessen
Strategy
Check

Path
Screen

Exploration

Due
Diligence

Busin.
Case

Contracts

1

Information Process

3

Measures Planning Process

4

Valuation Process

5

Communication & Change Process

6

100
Days.

Legal Process

2

Integr
Prep.

Controlling Process

Negotiation
Permission

Readiness at
Closing
Prof. Dr.-Ing. Kai Lucks

One
Year
Bavaria

Prof. Dr.-Ing. Kai Lucks
10 Reasons for Bavaria

1.

An unmatched location in Central Europe

2.

Gateway to Central and Eastern Europe

3.

Most modern energy, transportation and
telecommunications infrastructure

4.

Highly-qualified, motivated employees

5.

World-renowned universities and research
institutions

6.

High-tech clusters with a bright future

7.

Strong business partners

8.

Pro-active economic policies

9.

Targeted support services for potential
investors

10. Work where others vacation

Prof. Dr.-Ing. Kai Lucks
Stable German Economy

• Strong expansion after Financial crisis in 2011 continued.
• Dynamic economic growth of 3,7% in 2010 and 3% in 2011.
• State institution‘s consumption stable, at year-end 2011 slightly
reduced.
• National demand becoming an important growth motor in 2011.
• Employment situation with continuous positive development.

Prof. Dr.-Ing. Kai Lucks
Important Foreign Investments in Germany

• Worldwide important investment location. No 5 worldwide (2010)
• Greenfield new investments on high level and stable
• Between 2000 and 2009 steady annual growth of foreign direct
investments: +5% p.a.
• Most important industries for foreign investments: Information &
communication technologies, software & services, automotive,
machine building, chemistry.

Prof. Dr.-Ing. Kai Lucks
Growing Foreign Trade from Germany

• Demand from established exportation goods customers (EU, USA)
slightly shrinking. Asian requests for German quality steadily
growing
• Especially expectations for consumer goods continue to be positive
for foreign trade
• Exports growing double digit in 2010, in 2011 +8,2%. Prognosis for
2012 growht stable but smaller
• Qualitatively high value and specialized products of German
companies ensure strong position in global export markets

Prof. Dr.-Ing. Kai Lucks
Prof. Dr.-Ing. Kai Lucks
Bavarian Cluster Initiative

Prof. Dr.-Ing. Kai Lucks
Prof. Dr.-Ing. Kai Lucks
Prof. Dr.-Ing. Kai Lucks
Prof. Dr.-Ing. Kai Lucks
Bavaria in Facts & Figures

• Bavarian GDP of € 444.8 Bio is larger than those of 20 of the EU 27
member states
• GDP per capita amounts to € 35.530 – well above Germany
• Main Hubs are Munich and Nuremberg – two of the world top-ranked
metropolitan areas
• Bavaria‘s business community shows a great diversity of size and sector:
Allianz, Siemens, BMW, Audi, EADS, Adidas, Puma and MAN & large
number of Small & medium enterprises
• Service sector constitutes an especially strong part of Bavaria‘s business
community: largest German insurance community, second largest
banking one
• Tourism: one of the world‘s favorite places to visit
• State‘s infrastructure – high capacity, ultra-reliable grids for
transportation, highways, telecommunication and energy
• Education, research and development: more than 3% of Bavaria‘s GDP
goes to R&D
Prof. Dr.-Ing. Kai Lucks
Bavarian Exports and Imports with China

Bavarian imports from China

Bavarian exports to China
in million Euro

in million Euro

14000

11800
10558

10000

10000
8000

6746

8000

7206

11156

8842
6916

6000

5641

6000
4000

12816

12000

11643

12000

13692

14000

14214

4960
3824

4000
2000

2000
0

0
2005

2006

2007

2008

2009

2010

2011

2005

2006

2007

2008

2009

2010

2011

Source: Chamber of Industry and Commerce of Bavaria

Prof. Dr.-Ing. Kai Lucks

Seite 61
Bavarian Exports and Imports with Hongkong

Bavarian imports from Hongkong

Bavarian exports to Hongkong
in million Euro

1000
865

900
800

929

500
407
400

749

559

617

359

348

696

700
600

in million Euro

307

594

300

273

500

268
217

400

200

300
200

100

100
0

0
2005

2006

2007

2008

2009

2010

2011

2005

2006

2007

2008

2009

2010

2011

Source: Chamber of Industry and Commerce

Prof. Dr.-Ing. Kai Lucks

Seite 62
Technology Cluster Initiative Bavaria
Mobility

Material
Development

Mankind and
Environment

Infotec &
Electronics

Services &
Media

Automotive

New
Materials

Biotechnology

Infocom
Technology

Financial
Services

Rail

Chemistry

Medical
Technology

Sensors

Media

Logistics

Nanotechnology

Energy

Power
Electronics

Environmental

Mechatronic
Automation

Aerospace

Forest &
Wood
Nutrition
Source: Bavarian Financial Institute

Prof. Dr.-Ing. Kai Lucks
Prof. Dr.-Ing. Kai Lucks
Inroads to the
German
‚Mittelstand‘
Prof. Dr.-Ing. Kai Lucks
There are Different Promising Market Entry Paths to Germany
Green field

Brown field

2nd tier
component
supplier
1st tier
/system
supplier
OEM &
Brands

M&A

Prof. Dr.-Ing. Kai Lucks
Coverage of the Value Chain:
Building up Strategic Positions

Driver for national market share

from business start…
Global

License

Sourcing

National
Suppliers

R&D

Assembly

Manufact

Distributors Third party

Sales

Own
Components
Own
Patents Manufacturing Salesforce

Service

Own
Fleet

…to building up of national lead positions

Prof. Dr.-Ing. Kai Lucks

67
Market Positions versus Earning Positions

++
Average earnings
from business

M&A-entry resulting in
profitable No3-position

0

0

Nr. 1

Nr. 2

Nr. 3

Organic market
entry stimulated
by price wars
and ending in
undercritical
market shares

Nr. 4
and worse

Market position

Attractive results only through market positions from No1 to No 3
Siemens Database – MMI Analysis
Prof. Dr.-Ing. Kai Lucks

68
The German ‚Mittelständler‘ is Tied Into a Dense Network
Social Network

Industry Community

State‘s Organizations

BDI
Germany
Invest

Unions

Cities &
Areas

Competitive
Cluster

Car
Makers

Manufact
Automat

Industrie
Verbände

SME

Suppliers

Invest in
Bavaria

10.000
Consultants

1000 M&A
Boutiques

Services
Network

Fraunhofer
Hochschulen

Clients

Max Planck
Elite
Universities

Value Chain Network

Universities‘ Network

R&D Network

Foreign enterprises can only be successful if they tie into this network
Prof. Dr.-Ing. Kai Lucks
Why to Acquire Companies from the German ‚Mittelstand‘?
1. Huge amount of target companies (1 Mio companies with sales up to 5
Mio € .- 100.000 companies with sales of 5-25 Mio € .- 20.000 companies
with sales of 26-49 Mio € .- 7.000 companies with sales of 50-250 Mio €)
2. SMEs represent 99.7% of all companies in Germany and employ
almost 80% of all employees
3. More than 340,000 German SMEs benefit from exports to global
markets. Many global market leaders (niches and specialties)
4. German SMEs are long term business orientated and highly active in
R&D, creating competitive “Made in Germany” innovation
5. Typically present in a multitude of countries (27 EU member states),
having structures and systems to cover different markets
6. Access to East European low cost suppliers and subsidiaries (wage
differences 10:1) at distances of a few 100 km
7. Investing in German SMEs could enable them to enter into the US and
Chinese markets: attractive complementarity of interests
Prof. Dr.-Ing. Kai Lucks
Invest in Bavaria

German Federal M&A Association
Bismarckstraße 24
a.mueller@bm-a.de
Friedberg 61169
Deutschland

e

Pippinstraße 10
D 82131 Gauting
Germany

Prof. Dr.-Ing. Kai Lucks

President‘s Office:
Mrs. Simone Schnell
Phone +49 6031 7386-18
Fax +49 6031 7386info@bm-a.de

Pippinstraße 10
D 82131 Gauting
Phone: +49 89 89328592
Fax: +49 89 89306240
info@merger-mi.de

More Related Content

What's hot

European attractiveness-survey-2013
European attractiveness-survey-2013European attractiveness-survey-2013
European attractiveness-survey-2013
UK Trade and Investment, Portugal
 
Spain-Bangladesh international trade for small and medium enterprises: Explor...
Spain-Bangladesh international trade for small and medium enterprises: Explor...Spain-Bangladesh international trade for small and medium enterprises: Explor...
Spain-Bangladesh international trade for small and medium enterprises: Explor...
Samsul Alam
 
Doing business in Hannover
Doing business in HannoverDoing business in Hannover
EY Germany FinTech Landscape
EY Germany FinTech LandscapeEY Germany FinTech Landscape
EY Germany FinTech Landscape
EY
 
What can we learn from the business practices of Europe's most successful eco...
What can we learn from the business practices of Europe's most successful eco...What can we learn from the business practices of Europe's most successful eco...
What can we learn from the business practices of Europe's most successful eco...
Mariposa Consulting International
 
Bvl14 thesenpapier englisch
Bvl14 thesenpapier englischBvl14 thesenpapier englisch
Bvl14 thesenpapier englisch
Anja Stubbe
 
Italy - Europe’s Investment Opportunity (5 Sept .2011)
Italy - Europe’s Investment Opportunity (5 Sept .2011)Italy - Europe’s Investment Opportunity (5 Sept .2011)
Italy - Europe’s Investment Opportunity (5 Sept .2011)
Italian Business & Investment Initiative
 
Innovation dans l'UE
Innovation dans l'UEInnovation dans l'UE
Innovation dans l'UE
Florence Thibaut de Maisières
 

What's hot (8)

European attractiveness-survey-2013
European attractiveness-survey-2013European attractiveness-survey-2013
European attractiveness-survey-2013
 
Spain-Bangladesh international trade for small and medium enterprises: Explor...
Spain-Bangladesh international trade for small and medium enterprises: Explor...Spain-Bangladesh international trade for small and medium enterprises: Explor...
Spain-Bangladesh international trade for small and medium enterprises: Explor...
 
Doing business in Hannover
Doing business in HannoverDoing business in Hannover
Doing business in Hannover
 
EY Germany FinTech Landscape
EY Germany FinTech LandscapeEY Germany FinTech Landscape
EY Germany FinTech Landscape
 
What can we learn from the business practices of Europe's most successful eco...
What can we learn from the business practices of Europe's most successful eco...What can we learn from the business practices of Europe's most successful eco...
What can we learn from the business practices of Europe's most successful eco...
 
Bvl14 thesenpapier englisch
Bvl14 thesenpapier englischBvl14 thesenpapier englisch
Bvl14 thesenpapier englisch
 
Italy - Europe’s Investment Opportunity (5 Sept .2011)
Italy - Europe’s Investment Opportunity (5 Sept .2011)Italy - Europe’s Investment Opportunity (5 Sept .2011)
Italy - Europe’s Investment Opportunity (5 Sept .2011)
 
Innovation dans l'UE
Innovation dans l'UEInnovation dans l'UE
Innovation dans l'UE
 

Viewers also liked

What You Need to Know About Patent Filing and Litigation in Europe
What You Need to Know About Patent Filing and Litigation in EuropeWhat You Need to Know About Patent Filing and Litigation in Europe
What You Need to Know About Patent Filing and Litigation in Europe
Knobbe Martens - Intellectual Property Law
 
Is your intellectual property at risk?
Is your intellectual property at risk?Is your intellectual property at risk?
Is your intellectual property at risk?
Eversheds Sutherland
 
Dansden Presentation
Dansden PresentationDansden Presentation
Dansden Presentation
Daniel Raja
 
BVMW India Presentation
BVMW India PresentationBVMW India Presentation
BVMW India Presentation
Daniel Raja
 
Autoindustrie in deutschland 1.6
Autoindustrie in deutschland 1.6Autoindustrie in deutschland 1.6
Autoindustrie in deutschland 1.6
jlaasonen_eu
 
Mazars TAS - Champions in "German Mittelstand"-Transactions
Mazars TAS - Champions in "German Mittelstand"-TransactionsMazars TAS - Champions in "German Mittelstand"-Transactions
Mazars TAS - Champions in "German Mittelstand"-Transactions
Claus Buhmann
 
Start-Ups + Mittelstand = Success!
Start-Ups + Mittelstand = Success!Start-Ups + Mittelstand = Success!
Start-Ups + Mittelstand = Success!
Benjamin Rohé
 
SC7 Workshop 1: Towards a data-driven economy in Europe
SC7 Workshop 1: Towards a data-driven economy in EuropeSC7 Workshop 1: Towards a data-driven economy in Europe
SC7 Workshop 1: Towards a data-driven economy in Europe
BigData_Europe
 
Eu patent process
Eu patent processEu patent process
Eu patent process
BananaIP Counsels
 
PiZnet Jahrestagung 2014: Update zu Crowd Sourcing und Patent Informationen
PiZnet Jahrestagung 2014: Update zu Crowd Sourcing und Patent InformationenPiZnet Jahrestagung 2014: Update zu Crowd Sourcing und Patent Informationen
PiZnet Jahrestagung 2014: Update zu Crowd Sourcing und Patent Informationen
Moving Targets Consulting GmbH
 
O'Reilly Solid: What Can IoT Entrepreneurs and the Mittelstand Learn from Eac...
O'Reilly Solid: What Can IoT Entrepreneurs and the Mittelstand Learn from Eac...O'Reilly Solid: What Can IoT Entrepreneurs and the Mittelstand Learn from Eac...
O'Reilly Solid: What Can IoT Entrepreneurs and the Mittelstand Learn from Eac...
Peter Bihr
 
Digitale Megatrends @CPS-IT
Digitale Megatrends @CPS-ITDigitale Megatrends @CPS-IT
Digitale Megatrends @CPS-IT
Peter Bihr
 
What to think about in deciding to file a patent application.
What to think about in deciding to file a patent application.What to think about in deciding to file a patent application.
What to think about in deciding to file a patent application.
Robert Cogan
 
May 2015 Patent Prosecution Lunch
May 2015 Patent Prosecution LunchMay 2015 Patent Prosecution Lunch
May 2015 Patent Prosecution Lunch
Woodard, Emhardt, Henry, Reeves & Wagner, LLP
 
Setting up Islamic micro finance
Setting up Islamic micro financeSetting up Islamic micro finance
Setting up Islamic micro finance
jubril
 
Reflection on the prodigal son
Reflection on the prodigal sonReflection on the prodigal son
Reflection on the prodigal son
San Isidro Parish School
 
091102 Patent- and Trademark Registration in Germany
091102 Patent- and Trademark Registration in Germany091102 Patent- and Trademark Registration in Germany
091102 Patent- and Trademark Registration in Germany
Eiger Law
 
Industrie 4.0: Geschäftsmodelle und Umsetzung für den Mittelstand
Industrie 4.0: Geschäftsmodelle und Umsetzung für den MittelstandIndustrie 4.0: Geschäftsmodelle und Umsetzung für den Mittelstand
Industrie 4.0: Geschäftsmodelle und Umsetzung für den Mittelstand
Zentrifuge - Kommunikation, Kunst und Kultur e.V.
 
German Auto Industry Final
German Auto Industry FinalGerman Auto Industry Final
German Auto Industry Final
Maria Shabanova, MA, MBA
 
The collaborative economy in Europe & the future role of logistics
The collaborative economy in Europe & the future role of logisticsThe collaborative economy in Europe & the future role of logistics
The collaborative economy in Europe & the future role of logistics
Jonathan Wichmann
 

Viewers also liked (20)

What You Need to Know About Patent Filing and Litigation in Europe
What You Need to Know About Patent Filing and Litigation in EuropeWhat You Need to Know About Patent Filing and Litigation in Europe
What You Need to Know About Patent Filing and Litigation in Europe
 
Is your intellectual property at risk?
Is your intellectual property at risk?Is your intellectual property at risk?
Is your intellectual property at risk?
 
Dansden Presentation
Dansden PresentationDansden Presentation
Dansden Presentation
 
BVMW India Presentation
BVMW India PresentationBVMW India Presentation
BVMW India Presentation
 
Autoindustrie in deutschland 1.6
Autoindustrie in deutschland 1.6Autoindustrie in deutschland 1.6
Autoindustrie in deutschland 1.6
 
Mazars TAS - Champions in "German Mittelstand"-Transactions
Mazars TAS - Champions in "German Mittelstand"-TransactionsMazars TAS - Champions in "German Mittelstand"-Transactions
Mazars TAS - Champions in "German Mittelstand"-Transactions
 
Start-Ups + Mittelstand = Success!
Start-Ups + Mittelstand = Success!Start-Ups + Mittelstand = Success!
Start-Ups + Mittelstand = Success!
 
SC7 Workshop 1: Towards a data-driven economy in Europe
SC7 Workshop 1: Towards a data-driven economy in EuropeSC7 Workshop 1: Towards a data-driven economy in Europe
SC7 Workshop 1: Towards a data-driven economy in Europe
 
Eu patent process
Eu patent processEu patent process
Eu patent process
 
PiZnet Jahrestagung 2014: Update zu Crowd Sourcing und Patent Informationen
PiZnet Jahrestagung 2014: Update zu Crowd Sourcing und Patent InformationenPiZnet Jahrestagung 2014: Update zu Crowd Sourcing und Patent Informationen
PiZnet Jahrestagung 2014: Update zu Crowd Sourcing und Patent Informationen
 
O'Reilly Solid: What Can IoT Entrepreneurs and the Mittelstand Learn from Eac...
O'Reilly Solid: What Can IoT Entrepreneurs and the Mittelstand Learn from Eac...O'Reilly Solid: What Can IoT Entrepreneurs and the Mittelstand Learn from Eac...
O'Reilly Solid: What Can IoT Entrepreneurs and the Mittelstand Learn from Eac...
 
Digitale Megatrends @CPS-IT
Digitale Megatrends @CPS-ITDigitale Megatrends @CPS-IT
Digitale Megatrends @CPS-IT
 
What to think about in deciding to file a patent application.
What to think about in deciding to file a patent application.What to think about in deciding to file a patent application.
What to think about in deciding to file a patent application.
 
May 2015 Patent Prosecution Lunch
May 2015 Patent Prosecution LunchMay 2015 Patent Prosecution Lunch
May 2015 Patent Prosecution Lunch
 
Setting up Islamic micro finance
Setting up Islamic micro financeSetting up Islamic micro finance
Setting up Islamic micro finance
 
Reflection on the prodigal son
Reflection on the prodigal sonReflection on the prodigal son
Reflection on the prodigal son
 
091102 Patent- and Trademark Registration in Germany
091102 Patent- and Trademark Registration in Germany091102 Patent- and Trademark Registration in Germany
091102 Patent- and Trademark Registration in Germany
 
Industrie 4.0: Geschäftsmodelle und Umsetzung für den Mittelstand
Industrie 4.0: Geschäftsmodelle und Umsetzung für den MittelstandIndustrie 4.0: Geschäftsmodelle und Umsetzung für den Mittelstand
Industrie 4.0: Geschäftsmodelle und Umsetzung für den Mittelstand
 
German Auto Industry Final
German Auto Industry FinalGerman Auto Industry Final
German Auto Industry Final
 
The collaborative economy in Europe & the future role of logistics
The collaborative economy in Europe & the future role of logisticsThe collaborative economy in Europe & the future role of logistics
The collaborative economy in Europe & the future role of logistics
 

Similar to The Economic Power of the Deutsche Mittelstand

Non-Bank Lending in Germany: How Investors can access Lending to the Middelstand
Non-Bank Lending in Germany: How Investors can access Lending to the MiddelstandNon-Bank Lending in Germany: How Investors can access Lending to the Middelstand
Non-Bank Lending in Germany: How Investors can access Lending to the Middelstand
Dr. Nicolaus Loos
 
Dr Dev Kambhampati | Doing Business in Germany- 2014 Country Commercial Guide...
Dr Dev Kambhampati | Doing Business in Germany- 2014 Country Commercial Guide...Dr Dev Kambhampati | Doing Business in Germany- 2014 Country Commercial Guide...
Dr Dev Kambhampati | Doing Business in Germany- 2014 Country Commercial Guide...
Dr Dev Kambhampati
 
White Star Capital - German Venture Capital Landscape 2018
White Star Capital - German Venture Capital Landscape 2018White Star Capital - German Venture Capital Landscape 2018
White Star Capital - German Venture Capital Landscape 2018
Sanjay Zimmermann
 
12 TID2
12 TID212 TID2
12 TID2
Hooman Nazari
 
6 Reasons Why the German Lifesciences Market is Growing.pdf
6 Reasons Why the German Lifesciences Market is Growing.pdf6 Reasons Why the German Lifesciences Market is Growing.pdf
6 Reasons Why the German Lifesciences Market is Growing.pdf
The Lifesciences Magazine
 
mHealth Israel_German Venture Capital Landscape_Klaus Stockemann, Board Membe...
mHealth Israel_German Venture Capital Landscape_Klaus Stockemann, Board Membe...mHealth Israel_German Venture Capital Landscape_Klaus Stockemann, Board Membe...
mHealth Israel_German Venture Capital Landscape_Klaus Stockemann, Board Membe...
Levi Shapiro
 
Germany[1]
Germany[1]Germany[1]
Germany[1]
Jon Whitcomb
 
The importance of the private banks to the German economy
The importance of the private banks to the German economyThe importance of the private banks to the German economy
The importance of the private banks to the German economy
Bankenverband
 
Financing SME exports
Financing SME exports Financing SME exports
Financing SME exports
The Economist Media Businesses
 
Country Analysis: Germany
Country Analysis: GermanyCountry Analysis: Germany
Country Analysis: Germany
Natalie DeNike
 
White Star Capital Germany Venture Capital Landscape 2020
White Star Capital Germany Venture Capital Landscape 2020White Star Capital Germany Venture Capital Landscape 2020
White Star Capital Germany Venture Capital Landscape 2020
JeandeLencquesaing
 
How to do Business with Germans
How to do Business with GermansHow to do Business with Germans
How to do Business with Germans
Horst Walther
 
Reasons behind the strength of German economy - myGermany
Reasons behind the strength of German economy - myGermanyReasons behind the strength of German economy - myGermany
Reasons behind the strength of German economy - myGermany
alex-potter
 
German Automotive Market
German Automotive Market German Automotive Market
German Automotive Market
Tristan Polaillon
 
COFACE Panorama ALEMANIA Marzo16
COFACE Panorama ALEMANIA Marzo16COFACE Panorama ALEMANIA Marzo16
COFACE Panorama ALEMANIA Marzo16
Jaime Cubillo Fleming
 
Language Services Market in Germany 2020 (updated)
Language Services Market in Germany 2020 (updated)Language Services Market in Germany 2020 (updated)
Language Services Market in Germany 2020 (updated)
Konstantin Dranch
 
China Exit or Co-Investment Opportunities for German PE Investors
China Exit or Co-Investment Opportunities for German PE InvestorsChina Exit or Co-Investment Opportunities for German PE Investors
China Exit or Co-Investment Opportunities for German PE Investors
L.E.K. Consulting
 
The German technology industry. Opportunities in a more open supply chain. #HM14
The German technology industry. Opportunities in a more open supply chain. #HM14The German technology industry. Opportunities in a more open supply chain. #HM14
The German technology industry. Opportunities in a more open supply chain. #HM14
removed_f06d903cf11319d8a9c7afb4ce2a9fb6
 
FDI GermanyName ID no. Unit code and name Lectur.docx
FDI GermanyName ID no. Unit code and name Lectur.docxFDI GermanyName ID no. Unit code and name Lectur.docx
FDI GermanyName ID no. Unit code and name Lectur.docx
ssuser454af01
 
Strengths of German SMEs
Strengths of German SMEsStrengths of German SMEs
Strengths of German SMEs
Outlook Menia
 

Similar to The Economic Power of the Deutsche Mittelstand (20)

Non-Bank Lending in Germany: How Investors can access Lending to the Middelstand
Non-Bank Lending in Germany: How Investors can access Lending to the MiddelstandNon-Bank Lending in Germany: How Investors can access Lending to the Middelstand
Non-Bank Lending in Germany: How Investors can access Lending to the Middelstand
 
Dr Dev Kambhampati | Doing Business in Germany- 2014 Country Commercial Guide...
Dr Dev Kambhampati | Doing Business in Germany- 2014 Country Commercial Guide...Dr Dev Kambhampati | Doing Business in Germany- 2014 Country Commercial Guide...
Dr Dev Kambhampati | Doing Business in Germany- 2014 Country Commercial Guide...
 
White Star Capital - German Venture Capital Landscape 2018
White Star Capital - German Venture Capital Landscape 2018White Star Capital - German Venture Capital Landscape 2018
White Star Capital - German Venture Capital Landscape 2018
 
12 TID2
12 TID212 TID2
12 TID2
 
6 Reasons Why the German Lifesciences Market is Growing.pdf
6 Reasons Why the German Lifesciences Market is Growing.pdf6 Reasons Why the German Lifesciences Market is Growing.pdf
6 Reasons Why the German Lifesciences Market is Growing.pdf
 
mHealth Israel_German Venture Capital Landscape_Klaus Stockemann, Board Membe...
mHealth Israel_German Venture Capital Landscape_Klaus Stockemann, Board Membe...mHealth Israel_German Venture Capital Landscape_Klaus Stockemann, Board Membe...
mHealth Israel_German Venture Capital Landscape_Klaus Stockemann, Board Membe...
 
Germany[1]
Germany[1]Germany[1]
Germany[1]
 
The importance of the private banks to the German economy
The importance of the private banks to the German economyThe importance of the private banks to the German economy
The importance of the private banks to the German economy
 
Financing SME exports
Financing SME exports Financing SME exports
Financing SME exports
 
Country Analysis: Germany
Country Analysis: GermanyCountry Analysis: Germany
Country Analysis: Germany
 
White Star Capital Germany Venture Capital Landscape 2020
White Star Capital Germany Venture Capital Landscape 2020White Star Capital Germany Venture Capital Landscape 2020
White Star Capital Germany Venture Capital Landscape 2020
 
How to do Business with Germans
How to do Business with GermansHow to do Business with Germans
How to do Business with Germans
 
Reasons behind the strength of German economy - myGermany
Reasons behind the strength of German economy - myGermanyReasons behind the strength of German economy - myGermany
Reasons behind the strength of German economy - myGermany
 
German Automotive Market
German Automotive Market German Automotive Market
German Automotive Market
 
COFACE Panorama ALEMANIA Marzo16
COFACE Panorama ALEMANIA Marzo16COFACE Panorama ALEMANIA Marzo16
COFACE Panorama ALEMANIA Marzo16
 
Language Services Market in Germany 2020 (updated)
Language Services Market in Germany 2020 (updated)Language Services Market in Germany 2020 (updated)
Language Services Market in Germany 2020 (updated)
 
China Exit or Co-Investment Opportunities for German PE Investors
China Exit or Co-Investment Opportunities for German PE InvestorsChina Exit or Co-Investment Opportunities for German PE Investors
China Exit or Co-Investment Opportunities for German PE Investors
 
The German technology industry. Opportunities in a more open supply chain. #HM14
The German technology industry. Opportunities in a more open supply chain. #HM14The German technology industry. Opportunities in a more open supply chain. #HM14
The German technology industry. Opportunities in a more open supply chain. #HM14
 
FDI GermanyName ID no. Unit code and name Lectur.docx
FDI GermanyName ID no. Unit code and name Lectur.docxFDI GermanyName ID no. Unit code and name Lectur.docx
FDI GermanyName ID no. Unit code and name Lectur.docx
 
Strengths of German SMEs
Strengths of German SMEsStrengths of German SMEs
Strengths of German SMEs
 

More from Mergerstrata

Deloitte komplexität
Deloitte komplexitätDeloitte komplexität
Deloitte komplexitätMergerstrata
 
Prozessmanagement bei komplexen Großvorhaben
Prozessmanagement bei komplexen GroßvorhabenProzessmanagement bei komplexen Großvorhaben
Prozessmanagement bei komplexen GroßvorhabenMergerstrata
 
Internationale Unternehmenstransaktionen: Pleiten, Pech und Pannen?
Internationale Unternehmenstransaktionen: Pleiten, Pech und Pannen?Internationale Unternehmenstransaktionen: Pleiten, Pech und Pannen?
Internationale Unternehmenstransaktionen: Pleiten, Pech und Pannen?
Mergerstrata
 
M&A als Angriffs- und Verteidigungsstrategie in stürmischen Zeiten
M&A als Angriffs- und Verteidigungsstrategie in stürmischen ZeitenM&A als Angriffs- und Verteidigungsstrategie in stürmischen Zeiten
M&A als Angriffs- und Verteidigungsstrategie in stürmischen Zeiten
Mergerstrata
 
Management komplexer M&A-Projekte
Management komplexer M&A-ProjekteManagement komplexer M&A-Projekte
Management komplexer M&A-Projekte
Mergerstrata
 
M&A als Instrument der Unternehmenssicherung in einer globalisierten Welt: wa...
M&A als Instrument der Unternehmenssicherung in einer globalisierten Welt: wa...M&A als Instrument der Unternehmenssicherung in einer globalisierten Welt: wa...
M&A als Instrument der Unternehmenssicherung in einer globalisierten Welt: wa...
Mergerstrata
 

More from Mergerstrata (6)

Deloitte komplexität
Deloitte komplexitätDeloitte komplexität
Deloitte komplexität
 
Prozessmanagement bei komplexen Großvorhaben
Prozessmanagement bei komplexen GroßvorhabenProzessmanagement bei komplexen Großvorhaben
Prozessmanagement bei komplexen Großvorhaben
 
Internationale Unternehmenstransaktionen: Pleiten, Pech und Pannen?
Internationale Unternehmenstransaktionen: Pleiten, Pech und Pannen?Internationale Unternehmenstransaktionen: Pleiten, Pech und Pannen?
Internationale Unternehmenstransaktionen: Pleiten, Pech und Pannen?
 
M&A als Angriffs- und Verteidigungsstrategie in stürmischen Zeiten
M&A als Angriffs- und Verteidigungsstrategie in stürmischen ZeitenM&A als Angriffs- und Verteidigungsstrategie in stürmischen Zeiten
M&A als Angriffs- und Verteidigungsstrategie in stürmischen Zeiten
 
Management komplexer M&A-Projekte
Management komplexer M&A-ProjekteManagement komplexer M&A-Projekte
Management komplexer M&A-Projekte
 
M&A als Instrument der Unternehmenssicherung in einer globalisierten Welt: wa...
M&A als Instrument der Unternehmenssicherung in einer globalisierten Welt: wa...M&A als Instrument der Unternehmenssicherung in einer globalisierten Welt: wa...
M&A als Instrument der Unternehmenssicherung in einer globalisierten Welt: wa...
 

Recently uploaded

Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan ChartSatta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results
 
Call 8867766396 Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian M...
Call 8867766396 Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian M...Call 8867766396 Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian M...
Call 8867766396 Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian M...
dpbossdpboss69
 
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan ChartSatta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results
 
❽❽❻❼❼❻❻❸❾❻ DPBOSS NET SPBOSS SATTA MATKA RESULT KALYAN MATKA GUESSING FREE KA...
❽❽❻❼❼❻❻❸❾❻ DPBOSS NET SPBOSS SATTA MATKA RESULT KALYAN MATKA GUESSING FREE KA...❽❽❻❼❼❻❻❸❾❻ DPBOSS NET SPBOSS SATTA MATKA RESULT KALYAN MATKA GUESSING FREE KA...
❽❽❻❼❼❻❻❸❾❻ DPBOSS NET SPBOSS SATTA MATKA RESULT KALYAN MATKA GUESSING FREE KA...
essorprof62
 
IMG_20240615_091110.pdf dpboss guessing
IMG_20240615_091110.pdf dpboss  guessingIMG_20240615_091110.pdf dpboss  guessing
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan ChartSatta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results
 
Science Around Us Module 2 Matter Around Us
Science Around Us Module 2 Matter Around UsScience Around Us Module 2 Matter Around Us
Science Around Us Module 2 Matter Around Us
PennapaKeavsiri
 
欧洲杯投注-欧洲杯投注外围盘口-欧洲杯投注盘口app|【​网址​🎉ac22.net🎉​】
欧洲杯投注-欧洲杯投注外围盘口-欧洲杯投注盘口app|【​网址​🎉ac22.net🎉​】欧洲杯投注-欧洲杯投注外围盘口-欧洲杯投注盘口app|【​网址​🎉ac22.net🎉​】
欧洲杯投注-欧洲杯投注外围盘口-欧洲杯投注盘口app|【​网址​🎉ac22.net🎉​】
concepsionchomo153
 
High-Quality IPTV Monthly Subscription for $15
High-Quality IPTV Monthly Subscription for $15High-Quality IPTV Monthly Subscription for $15
High-Quality IPTV Monthly Subscription for $15
advik4387
 
PDT 99 - $3.5M - Seed - Feel Therapeutics.pdf
PDT 99 - $3.5M - Seed - Feel Therapeutics.pdfPDT 99 - $3.5M - Seed - Feel Therapeutics.pdf
PDT 99 - $3.5M - Seed - Feel Therapeutics.pdf
HajeJanKamps
 
Cover Story - China's Investment Leader - Dr. Alyce SU
Cover Story - China's Investment Leader - Dr. Alyce SUCover Story - China's Investment Leader - Dr. Alyce SU
Cover Story - China's Investment Leader - Dr. Alyce SU
msthrill
 
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan ChartSatta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results
 
Dpboss Matka Guessing Satta Matta Matka Kalyan panel Chart Indian Matka Dpbos...
Dpboss Matka Guessing Satta Matta Matka Kalyan panel Chart Indian Matka Dpbos...Dpboss Matka Guessing Satta Matta Matka Kalyan panel Chart Indian Matka Dpbos...
Dpboss Matka Guessing Satta Matta Matka Kalyan panel Chart Indian Matka Dpbos...
➒➌➎➏➑➐➋➑➐➐Dpboss Matka Guessing Satta Matka Kalyan Chart Indian Matka
 
deft. 2024 pricing guide for onboarding
deft.  2024 pricing guide for onboardingdeft.  2024 pricing guide for onboarding
deft. 2024 pricing guide for onboarding
hello960827
 
Prescriptive analytics BA4206 Anna University PPT
Prescriptive analytics BA4206 Anna University PPTPrescriptive analytics BA4206 Anna University PPT
Prescriptive analytics BA4206 Anna University PPT
Freelance
 
CULR Spring 2024 Journal.pdf testing for duke
CULR Spring 2024 Journal.pdf testing for dukeCULR Spring 2024 Journal.pdf testing for duke
CULR Spring 2024 Journal.pdf testing for duke
ZevinAttisha
 
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan ChartSatta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results
 
Kirill Klip GEM Royalty TNR Gold Copper Presentation
Kirill Klip GEM Royalty TNR Gold Copper PresentationKirill Klip GEM Royalty TNR Gold Copper Presentation
Kirill Klip GEM Royalty TNR Gold Copper Presentation
Kirill Klip
 
State of D2C in India: A Logistics Update
State of D2C in India: A Logistics UpdateState of D2C in India: A Logistics Update
State of D2C in India: A Logistics Update
RedSeer
 
Enhancing Adoption of AI in Agri-food: Introduction
Enhancing Adoption of AI in Agri-food: IntroductionEnhancing Adoption of AI in Agri-food: Introduction
Enhancing Adoption of AI in Agri-food: Introduction
Cor Verdouw
 

Recently uploaded (20)

Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan ChartSatta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
 
Call 8867766396 Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian M...
Call 8867766396 Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian M...Call 8867766396 Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian M...
Call 8867766396 Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian M...
 
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan ChartSatta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
 
❽❽❻❼❼❻❻❸❾❻ DPBOSS NET SPBOSS SATTA MATKA RESULT KALYAN MATKA GUESSING FREE KA...
❽❽❻❼❼❻❻❸❾❻ DPBOSS NET SPBOSS SATTA MATKA RESULT KALYAN MATKA GUESSING FREE KA...❽❽❻❼❼❻❻❸❾❻ DPBOSS NET SPBOSS SATTA MATKA RESULT KALYAN MATKA GUESSING FREE KA...
❽❽❻❼❼❻❻❸❾❻ DPBOSS NET SPBOSS SATTA MATKA RESULT KALYAN MATKA GUESSING FREE KA...
 
IMG_20240615_091110.pdf dpboss guessing
IMG_20240615_091110.pdf dpboss  guessingIMG_20240615_091110.pdf dpboss  guessing
IMG_20240615_091110.pdf dpboss guessing
 
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan ChartSatta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
 
Science Around Us Module 2 Matter Around Us
Science Around Us Module 2 Matter Around UsScience Around Us Module 2 Matter Around Us
Science Around Us Module 2 Matter Around Us
 
欧洲杯投注-欧洲杯投注外围盘口-欧洲杯投注盘口app|【​网址​🎉ac22.net🎉​】
欧洲杯投注-欧洲杯投注外围盘口-欧洲杯投注盘口app|【​网址​🎉ac22.net🎉​】欧洲杯投注-欧洲杯投注外围盘口-欧洲杯投注盘口app|【​网址​🎉ac22.net🎉​】
欧洲杯投注-欧洲杯投注外围盘口-欧洲杯投注盘口app|【​网址​🎉ac22.net🎉​】
 
High-Quality IPTV Monthly Subscription for $15
High-Quality IPTV Monthly Subscription for $15High-Quality IPTV Monthly Subscription for $15
High-Quality IPTV Monthly Subscription for $15
 
PDT 99 - $3.5M - Seed - Feel Therapeutics.pdf
PDT 99 - $3.5M - Seed - Feel Therapeutics.pdfPDT 99 - $3.5M - Seed - Feel Therapeutics.pdf
PDT 99 - $3.5M - Seed - Feel Therapeutics.pdf
 
Cover Story - China's Investment Leader - Dr. Alyce SU
Cover Story - China's Investment Leader - Dr. Alyce SUCover Story - China's Investment Leader - Dr. Alyce SU
Cover Story - China's Investment Leader - Dr. Alyce SU
 
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan ChartSatta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
 
Dpboss Matka Guessing Satta Matta Matka Kalyan panel Chart Indian Matka Dpbos...
Dpboss Matka Guessing Satta Matta Matka Kalyan panel Chart Indian Matka Dpbos...Dpboss Matka Guessing Satta Matta Matka Kalyan panel Chart Indian Matka Dpbos...
Dpboss Matka Guessing Satta Matta Matka Kalyan panel Chart Indian Matka Dpbos...
 
deft. 2024 pricing guide for onboarding
deft.  2024 pricing guide for onboardingdeft.  2024 pricing guide for onboarding
deft. 2024 pricing guide for onboarding
 
Prescriptive analytics BA4206 Anna University PPT
Prescriptive analytics BA4206 Anna University PPTPrescriptive analytics BA4206 Anna University PPT
Prescriptive analytics BA4206 Anna University PPT
 
CULR Spring 2024 Journal.pdf testing for duke
CULR Spring 2024 Journal.pdf testing for dukeCULR Spring 2024 Journal.pdf testing for duke
CULR Spring 2024 Journal.pdf testing for duke
 
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan ChartSatta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
 
Kirill Klip GEM Royalty TNR Gold Copper Presentation
Kirill Klip GEM Royalty TNR Gold Copper PresentationKirill Klip GEM Royalty TNR Gold Copper Presentation
Kirill Klip GEM Royalty TNR Gold Copper Presentation
 
State of D2C in India: A Logistics Update
State of D2C in India: A Logistics UpdateState of D2C in India: A Logistics Update
State of D2C in India: A Logistics Update
 
Enhancing Adoption of AI in Agri-food: Introduction
Enhancing Adoption of AI in Agri-food: IntroductionEnhancing Adoption of AI in Agri-food: Introduction
Enhancing Adoption of AI in Agri-food: Introduction
 

The Economic Power of the Deutsche Mittelstand

  • 1. The Economic Power of the German ‘Mittelstand ‘ Invest in Bavaria Prof. Dr.-Ing. Kai Lucks
  • 3. Outlook 2013: Top 3 Barriers Against Investments Source: FT-Hogan Lovells survey of global firms November 2012 Prof. Dr.-Ing. Kai Lucks
  • 4. Outlook on Global Firms 2013: M&A Has Lost its Top Priority Source: FT-Hogan Lovells survey of global firms November 2012 Prof. Dr.-Ing. Kai Lucks
  • 5. The 21 Leading Export Nations in 2011 Exports in billion USD 2000 1899 1800 1600 – Bavaria is in place 26 among the large export nations 1481 – The export quota in the Munich region is 60 % 1474 1400 1200 1000 823 800 600 660 597 555 523 522 476 473 456 452 400 410 365 350 308 297 297 285 226 200 0 Source: Chamber of Industry and Commerce Prof. Dr.-Ing. Kai Lucks Seite 5
  • 8. Europe: 27 Member States Prof. Dr.-Ing. Kai Lucks
  • 9. The 15 Members of the Eurozone Prof. Dr.-Ing. Kai Lucks
  • 10. The European Diversity is a Result of Different Ways to Deregulation of Markets 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 UK Norway Sweden Germany California Chile Argentina Spain Victoria Italy New Zealand Alberta Prof. Dr.-Ing. Kai Lucks Portugal France
  • 11. How is Economic and Political Uncertainty in the Eurozone Impacting on Your Plans for Growth? Source: FT-Hogan Lovells survey of global firms November 2012 Prof. Dr.-Ing. Kai Lucks
  • 12. Europe is the Most Important Trading Partner for the US Inter continental trading volume 2012 up to September: 485 Bio US$ 390 Bio US$ CHN USA 79 Bio US$ EU 200 Bio US$ US Exports 2012 up to September: “There is now, for the first time in years, a serious drive towards an E.U.U.S. free-trade agreement,” (Karel De Gucht, the European trade commissioner, said in Dublin in November) The chamber estimates that an agreement that eliminated tariffs and other barriers between the United States and Europe could add 1.5 percentage points to growth on both sides of the Atlantic. Source: New York Times By Jack Ewing, November 25, 2012 Prof. Dr.-Ing. Kai Lucks
  • 13. 2013 M&A increasingly driven by depressed valuations and a glut of high-quality assets Deal Drivers: 2013 Expectations vs. Last Year‘s Results Source: Freeman Consulting Services & Thomson Reuters, November 2012 Prof. Dr.-Ing. Kai Lucks
  • 14. European M&A in 2013 to be dampened by Eurozone crisis, but Americas and APAC largely escape fallout Impact of Eurozone crisis and resulting banking turmoil Source: Freeman Consulting Services & Thomson Reuters, November 2012 Prof. Dr.-Ing. Kai Lucks
  • 15. Renewed interest in foreign assets means active crossborder M&A Market should continue Most attractive regions for acquisitions Source: Freeman Consulting Services & Thomson Reuters, November 2012 Prof. Dr.-Ing. Kai Lucks
  • 16. From a User Economics View Europe is Diverse in (a) Structure, (b) Profitabilities, (c) Buyer Segments & (d) Labour Costs Western Sphere Core North Track r nte Ce Eastern Sphere North Track k loc B South Track MMI Analysis South Track Western Sphere Core Prof. Dr.-Ing. Kai Lucks Eastern Sphere
  • 18. The Federal Republic of Germany Prof. Dr.-Ing. Kai Lucks
  • 19. The German Neighborhood Prof. Dr.-Ing. Kai Lucks
  • 20. Statistical Figures Space 01.01.2011 in km2 in % 357. 100 Bavaria 71. Upper Bavaria 18. Federation Inhabitants 30.06.2011 in Mio. GDP 2010 Jobless 2011 Consumption Index 2012 in % in Mrd. € in % 82. 100 2.500 100 7,1 % 100,0 20 13. 15 442 18 3,8 % 108,7 5 4, 5 185* 7* 3,6 % 123,0 *Anteilig berechnet auf Basis von 2009. Quellen: Statistisches Landesamt Bayern, Arbeitsagentur, GfK Geomarketing sowie eigene Berechnungen. Stand: 24.01.2012 Prof. Dr.-Ing. Kai Lucks Page 20
  • 21. Germany‘s Main Import Sectors are Chemicals, Crude Oil & Gas, Machinery and Electrical Engineering Prof. Dr.-Ing. Kai Lucks
  • 22. Germany‘s Main Export Sectors are Machinery, Road Motor Vehicles, Chemicals and Electrical Engineering Prof. Dr.-Ing. Kai Lucks
  • 23. The United States are Germany‘s No.2 Investment Region Prof. Dr.-Ing. Kai Lucks
  • 24. The USA have invested 24% of all FDI Projects in Germany since 2007. The majority of FDI projects consisted of ICT & Software. Prof. Dr.-Ing. Kai Lucks
  • 25. In 2011, Germany Imported Primarily Chemicals, Machinery and Pharmaceuticals from the US. Prof. Dr.-Ing. Kai Lucks
  • 26. In 2011, US Investments Amounted to 178 Projects. Bavaria and Hessen are the Top Destinations for US Investors. Prof. Dr.-Ing. Kai Lucks
  • 27. The ICT & SW Sector is Highly Attractive to US Investors. Sales, Marketing & and Support Account for the Majority of all FDI Projects. Prof. Dr.-Ing. Kai Lucks
  • 28. Source: German American Chamber of Commerce 2012 Prof. Dr.-Ing. Kai Lucks
  • 30. SME‘s in Germany: Share of Overall Economy SME-definition according to IfM: up to 499 Employees and 50 Mio € Sales Prof. Dr.-Ing. Kai Lucks
  • 31. Potentials of German Companies Company Size Type Number of Employees Overall Sales Volume in Mio € Number of Companies Smallest Companies 1-9 <= 1 1 Mio. Small Companies 10 - 49 5 – 25 Mio 100.000 Medium Sized Companies 50 - 249 26 - 49 20.000 Large Scale Companies 250 - 500 50 - 249 7.000 > 500 >= 250 500 Big Companies Source: Statistisches Bundesamt, Umsatzsteuer Fachserie 14 Reihe 8.- ifm Bonn 2002.- Estimations of MMI Prof. Dr.-Ing. Kai Lucks
  • 32. German small and medium-sized enterprises enjoy global recognition, strengthening the brand of the ‘German Mittelstand’ 1.Germany’s small and medium-sized companies (Mittelstand) experience a strong reputation globally. 2.Small and medium-sized companies are the social and economic backbone of the German economy. 3.By European comparison, Germany’s SMEs are highly efficient at moderate labor costs. 4.German enterprises are the foundation of manufacturing among medium-sized companies in the EU. 5.Germany’s medium-sized companies hold the top position in many of the EU’s manufacturing industries. 6.Small and medium-sized companies represent 99.7% of all companies in Germany and employ almost 80% of all employees. 7.Medium-sized companies in Germany have a much larger influence on the national economy than small companies. 8.More than 340,000 German SMEs benefit from exports to global markets. 9.German SMEs are highly active in research and development, creating competitive “Made in Germany” innovation. 10.The German government strongly supports innovation created by small and medium-sized companies – welcoming foreign investors as well. Prof. Dr.-Ing. Kai Lucks
  • 33. Germany’s small and medium-sized companies (Mittelstand) experience a strong reputation globally. Prof. Dr.-Ing. Kai Lucks
  • 34. Small and medium-sized companies are the social and economic backbone of the German economy. With about 3.6 million registered small and medium sized companies (SME), the German Mittelstand comprises 99.7% of all enterprises. These companies each employ a staff of less than 500 employees Almost 21 million people in Germany work for SMEs. With a share of 79.6% of all employees, the German Mittelstand is a major employment driver. German SMEs contribute strongly to the national economy’s success. Their share of net value added amounts of 51.3%*. Note: data refer to 2009, *ifm estimation; Source: IfM Bonn 2012 Prof. Dr.-Ing. Kai Lucks
  • 35. By European comparison, Germany’s SMEs are highly efficient at moderate labor costs. Prof. Dr.-Ing. Kai Lucks
  • 36. German enterprises are the foundation of manufacturing among medium-sized companies in the EU Gross value added of medium sized enterprizes in EU Manunfacturing 2009 in % Note: *companies with 50 to 250 employees according to EU-definition, **2008 data; Source: Eurostat 2012 Prof. Dr.-Ing. Kai Lucks
  • 37. Germany’s medium-sized companies hold the top position in many of the EU’s manufacturing industries. Gross value added of Medium-Sized Enterprises* in selected EU manufacturing industries (2009, in %) * Note: *companies with 50 to 250 employees according to EU-definition, 2008 data; Source: Eurostat 2012 Prof. Dr.-Ing. Kai Lucks
  • 38. Small and medium-sized companies represent 99.7% of all companies in Germany and employ almost 80% of all employees. Economic Influence of German SMEs by Share of … (2009) Source: Federal Statistical Office 2011, ifm Bonn 2011 Prof. Dr.-Ing. Kai Lucks
  • 39. Medium-sized companies in Germany have a much larger influence on the national economy than small companies. Medium-Sized* Companies in Germany (2009) Note: *Medium-sized companies employ between 10 and 499 employees and generate an annual turnover between EUR 1-50 m, according to ifm-definition. Small companies employ up to 9 employees and generate a turnover of up to EUR 1 m. Source: Federal Statistical Office 2011 . Prof. Dr.-Ing. Kai Lucks
  • 40. More than 340,000 German SMEs benefit from exports to global markets. Exporting SMEs in Germany by Sector (2009) German SMEs generated an export turnover of EUR 177 bn in 2009. More than 78% of that turnover was realized in manufacturing and wholesale & retail trade. More than 41% of all medium-sized enterprises in Germany benefit from global markets through exports. Almost 12% of their turnover comes from business abroad. Export activities of German companies are strongly promoted by governmental organizations, e.g. Germany Trade & Invest. Source: ifm Bonn 2011, Federal Statistical Office 2011 Prof. Dr.-Ing. Kai Lucks
  • 41. German SMEs are highly active in research and development, creating competitive “Made in Germany” innovation. R&D Expenditures and Number of Personnel in SMEs (< 500 employees) Note: *CAGR = compound annual growth rate, Source: Stifterverband 2012, IW Dienst 2011. Prof. Dr.-Ing. Kai Lucks
  • 42. The German government strongly supports innovation created by SME companies – welcoming foreign investors as well. Source: Federal Ministry of Economics and Technology Prof. Dr.-Ing. Kai Lucks
  • 43. The Internal Conditions for M&A Have Improved But External Barriers Have Increased Prof. Dr.-Ing. Kai Lucks
  • 44. The ‚German Mittelstand‘ is different American SME Company German ‚Mittelstand‘ Huge homogenious home market Smaller national home market Shorter term performance orientation Long term performance orientation Open to M&A M&A largely seen as risk Long term R&D seen as risky Dedicated to long term orientated R&D MBO, MBI more frequently Family succession preferred Present in a few different national markets Present in 10 out of 27 different national markets One (few) country governance systrem Multi-country governance system Low cost source in Mexico at 1000 miles away Low cost country at 100 km distance Prof. Dr.-Ing. Kai Lucks
  • 46. German M&A Midmarket Deal Index MidMax Market peaked in 2007 – afterwards coming down by 70 % (deals) / down by 47% (index) Prof. Dr.-Ing. Kai Lucks
  • 47. The German Mid M&A market shows little density and is less mature than other leading markets high NDL USA GBR Maturity in M&A GER Density in M&A Source: MMI Analysis Prof. Dr.-Ing. Kai Lucks high
  • 48. The German Mittelstand is Active in China – and Vice Versa 5.000 German Companies having manufacturing activities in China 6.000 Chinese Companies operating in Germany Prof. Dr.-Ing. Kai Lucks
  • 49. Auch kleinere Projekte können komplexe Herausforderungen darstellen: Beispiel: Hybridmodell bestehend aus Projektstufen und durchgängigen Prozessen Strategy Check Path Screen Exploration Due Diligence Busin. Case Contracts 1 Information Process 3 Measures Planning Process 4 Valuation Process 5 Communication & Change Process 6 100 Days. Legal Process 2 Integr Prep. Controlling Process Negotiation Permission Readiness at Closing Prof. Dr.-Ing. Kai Lucks One Year
  • 51. 10 Reasons for Bavaria 1. An unmatched location in Central Europe 2. Gateway to Central and Eastern Europe 3. Most modern energy, transportation and telecommunications infrastructure 4. Highly-qualified, motivated employees 5. World-renowned universities and research institutions 6. High-tech clusters with a bright future 7. Strong business partners 8. Pro-active economic policies 9. Targeted support services for potential investors 10. Work where others vacation Prof. Dr.-Ing. Kai Lucks
  • 52. Stable German Economy • Strong expansion after Financial crisis in 2011 continued. • Dynamic economic growth of 3,7% in 2010 and 3% in 2011. • State institution‘s consumption stable, at year-end 2011 slightly reduced. • National demand becoming an important growth motor in 2011. • Employment situation with continuous positive development. Prof. Dr.-Ing. Kai Lucks
  • 53. Important Foreign Investments in Germany • Worldwide important investment location. No 5 worldwide (2010) • Greenfield new investments on high level and stable • Between 2000 and 2009 steady annual growth of foreign direct investments: +5% p.a. • Most important industries for foreign investments: Information & communication technologies, software & services, automotive, machine building, chemistry. Prof. Dr.-Ing. Kai Lucks
  • 54. Growing Foreign Trade from Germany • Demand from established exportation goods customers (EU, USA) slightly shrinking. Asian requests for German quality steadily growing • Especially expectations for consumer goods continue to be positive for foreign trade • Exports growing double digit in 2010, in 2011 +8,2%. Prognosis for 2012 growht stable but smaller • Qualitatively high value and specialized products of German companies ensure strong position in global export markets Prof. Dr.-Ing. Kai Lucks
  • 56. Bavarian Cluster Initiative Prof. Dr.-Ing. Kai Lucks
  • 60. Bavaria in Facts & Figures • Bavarian GDP of € 444.8 Bio is larger than those of 20 of the EU 27 member states • GDP per capita amounts to € 35.530 – well above Germany • Main Hubs are Munich and Nuremberg – two of the world top-ranked metropolitan areas • Bavaria‘s business community shows a great diversity of size and sector: Allianz, Siemens, BMW, Audi, EADS, Adidas, Puma and MAN & large number of Small & medium enterprises • Service sector constitutes an especially strong part of Bavaria‘s business community: largest German insurance community, second largest banking one • Tourism: one of the world‘s favorite places to visit • State‘s infrastructure – high capacity, ultra-reliable grids for transportation, highways, telecommunication and energy • Education, research and development: more than 3% of Bavaria‘s GDP goes to R&D Prof. Dr.-Ing. Kai Lucks
  • 61. Bavarian Exports and Imports with China Bavarian imports from China Bavarian exports to China in million Euro in million Euro 14000 11800 10558 10000 10000 8000 6746 8000 7206 11156 8842 6916 6000 5641 6000 4000 12816 12000 11643 12000 13692 14000 14214 4960 3824 4000 2000 2000 0 0 2005 2006 2007 2008 2009 2010 2011 2005 2006 2007 2008 2009 2010 2011 Source: Chamber of Industry and Commerce of Bavaria Prof. Dr.-Ing. Kai Lucks Seite 61
  • 62. Bavarian Exports and Imports with Hongkong Bavarian imports from Hongkong Bavarian exports to Hongkong in million Euro 1000 865 900 800 929 500 407 400 749 559 617 359 348 696 700 600 in million Euro 307 594 300 273 500 268 217 400 200 300 200 100 100 0 0 2005 2006 2007 2008 2009 2010 2011 2005 2006 2007 2008 2009 2010 2011 Source: Chamber of Industry and Commerce Prof. Dr.-Ing. Kai Lucks Seite 62
  • 63. Technology Cluster Initiative Bavaria Mobility Material Development Mankind and Environment Infotec & Electronics Services & Media Automotive New Materials Biotechnology Infocom Technology Financial Services Rail Chemistry Medical Technology Sensors Media Logistics Nanotechnology Energy Power Electronics Environmental Mechatronic Automation Aerospace Forest & Wood Nutrition Source: Bavarian Financial Institute Prof. Dr.-Ing. Kai Lucks
  • 66. There are Different Promising Market Entry Paths to Germany Green field Brown field 2nd tier component supplier 1st tier /system supplier OEM & Brands M&A Prof. Dr.-Ing. Kai Lucks
  • 67. Coverage of the Value Chain: Building up Strategic Positions Driver for national market share from business start… Global License Sourcing National Suppliers R&D Assembly Manufact Distributors Third party Sales Own Components Own Patents Manufacturing Salesforce Service Own Fleet …to building up of national lead positions Prof. Dr.-Ing. Kai Lucks 67
  • 68. Market Positions versus Earning Positions ++ Average earnings from business M&A-entry resulting in profitable No3-position 0 0 Nr. 1 Nr. 2 Nr. 3 Organic market entry stimulated by price wars and ending in undercritical market shares Nr. 4 and worse Market position Attractive results only through market positions from No1 to No 3 Siemens Database – MMI Analysis Prof. Dr.-Ing. Kai Lucks 68
  • 69. The German ‚Mittelständler‘ is Tied Into a Dense Network Social Network Industry Community State‘s Organizations BDI Germany Invest Unions Cities & Areas Competitive Cluster Car Makers Manufact Automat Industrie Verbände SME Suppliers Invest in Bavaria 10.000 Consultants 1000 M&A Boutiques Services Network Fraunhofer Hochschulen Clients Max Planck Elite Universities Value Chain Network Universities‘ Network R&D Network Foreign enterprises can only be successful if they tie into this network Prof. Dr.-Ing. Kai Lucks
  • 70. Why to Acquire Companies from the German ‚Mittelstand‘? 1. Huge amount of target companies (1 Mio companies with sales up to 5 Mio € .- 100.000 companies with sales of 5-25 Mio € .- 20.000 companies with sales of 26-49 Mio € .- 7.000 companies with sales of 50-250 Mio €) 2. SMEs represent 99.7% of all companies in Germany and employ almost 80% of all employees 3. More than 340,000 German SMEs benefit from exports to global markets. Many global market leaders (niches and specialties) 4. German SMEs are long term business orientated and highly active in R&D, creating competitive “Made in Germany” innovation 5. Typically present in a multitude of countries (27 EU member states), having structures and systems to cover different markets 6. Access to East European low cost suppliers and subsidiaries (wage differences 10:1) at distances of a few 100 km 7. Investing in German SMEs could enable them to enter into the US and Chinese markets: attractive complementarity of interests Prof. Dr.-Ing. Kai Lucks
  • 71. Invest in Bavaria German Federal M&A Association Bismarckstraße 24 a.mueller@bm-a.de Friedberg 61169 Deutschland e Pippinstraße 10 D 82131 Gauting Germany Prof. Dr.-Ing. Kai Lucks President‘s Office: Mrs. Simone Schnell Phone +49 6031 7386-18 Fax +49 6031 7386info@bm-a.de Pippinstraße 10 D 82131 Gauting Phone: +49 89 89328592 Fax: +49 89 89306240 info@merger-mi.de

Editor's Notes

  1. An unmatched location in Central Europe Bavaria’s ideal geographical location and its role as a key hub of international trade affords quick and easy access to all European markets. Located in the very heart of the European Economic Area (EEA) with nearly half a billion consumers, companies based in Bavaria are ideally placed to access new EEA markets. Gateway to Central and Eastern Europe For centuries Bavaria has had close political and economic relations with the countries of Central and Eastern Europe (CEE). Particularly since the enlargement of the EU to the East, Bavaria has established itself as the node between East and West. Most modern energy, transportation and telecommunications infrastructure Bavaria’s advanced infrastructure offers investors maximum mobility and flexibility. Be it rail, road, water or air – Bavaria guarantees the speediest possible transport of passengers and goods. Efficient, reliable data and information exchange is ensured by innovative, state-of-the-art information and communications technologies. Highly-qualified, motivated employees Only highly qualified and motivated staff with visions and commitment enable companies to produce top quality products and services of worldwide repute. Bavaria’s excellent universities and its unique system of dual vocational training combining theory with on-the-job training for non-academic professions ensure maximum workforce competence. World-renowned universities and research institutions 11 universities, 17 universities of applied sciences, 11 Max Planck Institutes and 9 institutes of the Fraunhofer Society make Bavaria a world leader in research and development. It also hosts 3 of the 15 German Helmholtz research centers. Bavaria therefore offers the ideal set-up for the development of new technologies and innovative products and services, a reason for Bavaria’s top ranking in German patent registrations. High-tech clusters with a bright future Bavaria enjoys a leading position – nationally and internationally – in key technology sectors such as information and communications technology, biotechnology, energy and medical technology as well as satellite navigation. The state government’s Cluster Initiative “Alliance Bavaria Innovative” promotes intensive networking of industry and academia and gives high-tech companies the opportunity to share know-how and develop innovative solutions. Strong business partners Bavaria is the home of global players like Adidas, Audi, BMW, EADS, MAN or Siemens. About one third of the 30 companies listed in the DAX share index are based in Bavaria. In addition, there is a dense network of small and medium-sized industrial, trade and service companies throughout the state – thus providing a broad spectrum of innovative suppliers, customers and potential partners for investors. Work where others vacation Bavaria is Germany’s favorite holiday and tourist destination and enjoys worldwide appeal. Its breathtaking scenery, rich culture and the proverbial Bavarian way of life attract even the most discriminating, sophisticated professionals and top professionals. Investing, working and living where others go on vacation – that is Bavaria. Pro-active economic policies “New products, new businesses, new markets” is the guiding principle of Bavaria’s economic policy. State government and administration policies are dedicated to enterprise-friendly administrative procedures, especially for SMEs, attractive employment conditions and reliability in partnership with business to ensure Bavaria’s global competitiveness. Targeted support services for potential investors Invest in Bavaria is the central, single-stop point of contact within the Bavarian Ministry of Economic Affairs for all companies interested in setting up and expanding business units in Bavaria. Our team responds promptly to their specific information, advisory and support requirements