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CGS to Build New Industrial Group With Innolas Solutions

InnoLas Solutions will be at the heart of a new industrial group for laser technology.  The company aims to grow into a global manufacturer of laser machines for micro-material processing. The investment group CGS has acquired a majority stake in InnoLas Solutions, with current owner Richard Grundmüller retaining an interest. The two aim to exploit the company’s vast potential and dynamize its growth.

Buy-and-build strategy

CGS and Richard Grundmüller will partner with CEO Markus Nicht’s current management team to advance InnoLas Solutions globally. Their buy-and-build strategy envisions targeted add-on investments. The group’s activities will also include boosting the visibility of the InnoLas Solutions brand and further expanding the Krailling plant.

InnoLas Solutions says it will invest more heavily in developing machine platforms. The photovoltaic business shall seize its potential and continue to see strong growth thanks to the company’s technological market position in crystalline solar cells and thin-film technology. Current expertise is to be shared more and more, flowing into the electronics and semi-conductors divisions. InnoLas Solutions will also aim to get closer to its customers by making targeted add-on acquisitions to expand into new end markets and by developing its service network, especially in Asia and the US.

Labels: CGS,Innolas Solutions,micro-material processing,CGS Group,Richard Grundmüller,Markus Nicht

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