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German firm GINDUMAC’s in-house developed digital tools and data solutions allow for fair, transparent and economical used machinery trading.

Stephen Moore

June 21, 2018

2 Min Read
KraussMaffei acquires stake in online used machinery startup

German processing machinery giant KraussMaffei Group, itself acquired by ChemChina in 2016, has taken out a stake in fellow German startup GINDUMAC, the developer and operator of an online sales platform for plastics processing machinery, machine tools, and sheet metal working equipment.

Janek Andre (left) und Benedikt Ruf (right) founded GINDUMAC in July 2016.

In the buying area the visitor can filter by machine specifications, e.g. machine brand like KraussMaffei.

Through the acquisition, KraussMaffei will be able to fully map plastics processing machinery throughout their entire life cycle in an integrated sales process for new and used machines. KraussMaffei will now be better placed to implement "Old for New" deals when plastic processors decide to replace machinery. When buying a new machine, GINDUMAC guarantees a fair and market-driven purchase prices for the used machine currently in use. In less than 48 hours, GINDUMAC says it can determine the current market value of a plastics processing machine using a proprietary evaluation software solution that compares current market prices based on an intelligent data algorithm. Through the tie-up, KraussMaffei will also be expanding its offerings through a rental model for second-hand processing machinery.

GINDUMAC, or Global Industrial Machinery Cluster, brings an international start-up culture into the partnership with the traditional company KraussMaffei. The teams at the locations in Kaiserslautern, Barcelona and Mumbai consist of “forward-thinking talents” from more than 13 countries.” GINDUMAC sees itself as a digital company that develops new solutions for the used machinery trading in a progressive, visionary, courageous and implementation-oriented manner.

Since its foundation in 2016, the European start-up metropolis Barcelona has played a key role in shaping the corporate culture. Known for its diverse tech and creative scene, GINDUMAC says it is able to attract young talent from all over the world to this location and to shape a special start-up culture.

About the Author(s)

Stephen Moore

Stephen has been with PlasticsToday and its preceding publications Modern Plastics and Injection Molding since 1992, throughout this time based in the Asia Pacific region, including stints in Japan, Australia, and his current location Singapore. His current beat focuses on automotive. Stephen is an avid folding bicycle rider, often taking his bike on overseas business trips, and is a proud dachshund owner.

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