TRUMPF Founds Venture Capital Company
Promotion of technology startups to be intensified
The high-technology company TRUMPF has founded a venture capital company for funding technology start-ups. TRUMPF Venture GmbH began operations effective July 1, 2016.
The aim of the company is to fund promising young companies that want to play a major role in shaping the future of industry. Over the coming five years, TRUMPF Venture GmbH will establish an investment portfolio of around 40 million euros. “Once we get into our stride, we plan to participate in around five startups per year. As a strategic investor, we want to use our network, our industrial production expertise and our technological know-how to assist startups with market launch and successful growth,” said Christof Siebert, Head of Technology Management at TRUMPF in reference to the company’s future plans.
TRUMPF is especially interested here in the fields of photonics and digitally connected production as well as in new manufacturing processes, smart components and high-tech materials. “We’re already having discussions with first startups, and assuming that we’ll be able to make investments relatively soon. As a partner of the forthcoming CODE_n new.New Festival in Karlsruhe, we’ll soon be making contact with further interesting startups,” Siebert added.
The TRUMPF Venture GmbH is an extension of the company’s comprehensive activities to promote innovation and to detect disruptive technologies at an early stage. In addition to the company’s research and development departments and the M&A department, this includes comprehensive technology scouting in the central Research and Development department as well as close links with relevant technological centers of excellence worldwide. These measures are enabling long-term and sustainable assessment of trends, and early entry into suitable high-technology fields.
About TRUMPF
The high-technology company TRUMPF provides manufacturing solutions in the fields of machine tools, lasers and electronics. These are used in the manufacture of the most diverse products, from vehicles, building technology and mobile devices to state-of- the-art power and data storage. TRUMPF is the world technological and market leader for machine tools used in flexible sheet metal processing, and also for industrial lasers.
In 2015/16 the company – which has approximately 11,000 employees – achieved sales of 2.8 billion euros (preliminary figures). With almost 70 subsidiaries, the TRUMPF Group is represented in nearly all the countries of Europe, North and South America, and Asia. It has production facilities in Germany, France, Great Britain, Italy, Austria, Switzerland, Poland, the Czech Republic, the USA, Mexico, China and Japan.
For more information about TRUMPF go to www.trumpf.com.
Information on TRUMPF Venture can be found via www.trumpf.com/venture.
