The KraussMaffei Group is expanding its portfolio and digital offering with a stake in the German second-hand machinery start-up GINDUMAC GmbH.
The investment provides KraussMaffei with the potential to win new customers and enter the second-hand machinery market with digital sales solutions. 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.
“The investment fits very well into our concept of marketing second-hand machinery internationally,” said Dr Frank Stieler, CEO of the KraussMaffei Group.
“We are not only expanding our portfolio but are also strengthening our digital platform-based offering and are establishing the right prerequisites for further growth.”
Through the investment, KraussMaffei will be able to map the life cycle of used plastics processing machinery. Furthermore, KraussMaffei will expand its offerings by a rental model for second-hand machinery.
KraussMaffei customers in the future will benefit from an „Old for New” concept. 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 can evaluate the current market value of any machine within less than 48 hours.
Founded in 2016 in Germany, the GINDUMAC 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 KraussMaffei product brand is internationally recognised for its groundbreaking, multi-technology system and process solutions for injection and reaction moulding technology and factory automation.
With its standalone, modular or standardised machinery and systems, and a wide, customizable service offering, KraussMaffei is a full-system partner for customers in many industry sectors. KraussMaffei bundles many decades of engineering expertise in plastics machinery and is headquartered in Munich, Germany.
Plastic & Chemical Trading together with international partner KraussMaffei Berstorff deliver world-class plastics, injection moulding, and extrusion solutions.