Succession solutions for engineering firms
Overview of possible succession solutions and the best possible preparation for engineering firms
Content of the study
At a time of constant change and growing complexity in the engineering services industry, entrepreneurs are faced with a variety of challenges. The skilled labour market is tight - experienced specialists in particular are hard to find. At the same time, there is a lack of qualified successors who are willing to take on responsibility. Added to this are increasing demands, larger and more challenging projects and the growing digital transformation, which are further increasing the pressure. Against this backdrop, the topic of company succession is becoming increasingly important. It offers the opportunity to tackle current problems and ensure that the company is managed in a sustainable manner.
The search for a suitable succession solution is proving to be a challenging process for many entrepreneurs - not least due to a lack of internal options and growing expectations of company management. In view of demographic trends, this problem will become even more acute in the future. It is therefore crucial to develop handover strategies at an early stage in order to facilitate a smooth generational change, maintain the value of the company and secure the life's work in the long term.
This short study examines the various aspects of company succession, especially for owner-managed engineering firms, including internal and external solutions. It shows how well thought-out succession planning and efficient process management can lead to sustainable success. A structured succession process includes careful preparation, the correct valuation of the company, the identification of a suitable successor and comprehensive negotiations. The support of an experienced transaction partner can significantly increase the chances of a successful succession.
PLEASE NOTE: The study is currently only available in German.