KraussMaffei Group acquires a stake in GINDUMAC

• GINDUMAC expands KraussMaffei Group’s digital product range
• Fair market prices for KraussMaffei customers in “Old for New” deals
• International start-up culture meets tradition-rich experience

The KraussMaffei Group acquires a stake in the GINDUMAC GmbH. KraussMaffei is among the world’s leading suppliers of machinery and systems for producing and processing plastics and rubber. With its digital sales solutions for used machinery trading, GINDUMAC extends the KraussMaffei Group’s digital portfolio and making it possible to fully map plastics processing machinery throughout their entire life cycle.

GINDUMAC expands KraussMaffei Group’s digital product range

GINDUMAC uses in-house developed digital tools and data solutions to establish fair, transparent and economical used machinery trading. With the company’s own online platform on www.gindumac.com , the international start-up uses an innovative digital sales solution. The GINDUMAC platform extends the KraussMaffei Group’s digital platform-based offering. Together with a strong partner KraussMaffei, GINDUMAC will digitize the used machinery trading even more and further expand its expertise in plastics processing machinery.

Fair market prices for KraussMaffei customers in “Old for New” – deals

KraussMaffei has expanded its offerings by a rental model for second-hand machinery. In cooperation with KraussMaffei, GINDUMAC now enables the life cycle of plastics processing machines to be mapped in an integrated sales process for new and used machines. GINDUMAC’s used machinery trading experts also take care of the used machines when KraussMaffei customers decide to replace them in “Old for New” deals. When buying a new machine, GINDUMAC guarantees fair and market-driven purchase prices for the used machine currently in use. In less than 48 hours, GINDUMAC can determine the current market value of each plastics processing machine using a proprietary evaluation software solution that compares current market prices based on an intelligent data algorithm.

International start-up culture meets tradition-rich tradition

GINDUMAC 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 is able to attract young talents from all over the world to this location and to shape a special start-up culture. The partnership with KraussMaffei, a combination of start-up culture and traditional experience, provides the right conditions to take the traditional used machinery market into the future.

About GINDUMAC

GINDUMAC stands for “Global Industrial Machinery Cluster” and is an international movement for the used machinery trading of the future. The GINDUMAC GmbH operates internationally with a global network of used machinery experts and coutry subsidiaries in Germany, Spain and India. The promise of GINDUMAC is to make the used machinery trading a fair, transparent and economical experience. As a pioneer in the market GINDUMAC uses state-of-the-art technology and data-driven solutions. The international company buys and sells second-hand metal- and plastic processing machinery. The product range includes machine tools, sheet metal working machines and injection molding machines from various international manufacturers. For more information: www.gindumac.com

About KraussMaffei Group

The KraussMaffei Group is among the world’s leading suppliers of machinery and systems for producing and processing plastics and rubber. Its products and services cover the whole spectrum of injection and reaction molding and extrusion technology, giving the company a unique position in the industry. The KraussMaffei Group is innovation-powered, supplying its products, processes and services as standard or custom solutions which deliver sustained added value along the customer’s value-adding chain. The company markets its offering under the KraussMaffei, KraussMaffei Berstorff and Netstal brands to customers in the automotive, packaging, medical, construction, electrical, electronics and home appliance industries. Continuing a long tradition of engineering excellence, the international KraussMaffei Group currently employs around 5,000 people. With a global network of more than 30 subsidiaries and more than 10 production plants, supported by around 570 sales and service partners, the company is close to customers around the world. KraussMaffei has been headquartered in Munich since 1838. For more information: www.kraussmaffeigroup.com

GINDUMAC Co-Founders

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

The easy way to sell and buy used machinery

Entering the GINDUMAC online platform the visitor can either decide to sell or to buy a used machine.

Buying used KraussMaffei machines

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

Full-Services for the used machinery trading

GINDUMAC offers customized services, specially developed for the international used machinery trading: financing models, full-service logistics, premium inspections and real-time machine monitoring.