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MORGENSTERN Group continues to grow

November 15, 2022

The Group continues its dynamic growth plan with the expansion of the branches in Villingen-Schwenningen and Balingen as well as the integration of Jaka GmbH & Co. KG in Freiburg last year and the planning of further acquisitions.

Effective 1 November 2022, MORGENSTERN AG took over the ELO ECM/DMS division of Informationstechnik Klumpp GmbH, based in Lahr, Black Forest. The new customers benefit from this integration above all through customer proximity and 50 years of expertise.

“The key to success lies in the consistent continuation of the growth course that has been started in the field of digitization of the working world. We have therefore taken over the ELO ECM/DMS division of Informationstechnik Klumpp GmbH based in Lahr,” explained CEO Robin Morgenstern. This includes around 70 customers from all sectors and, with a sales volume of almost €1 million ($1.3 million), offers a potential experience of over 25 years of expertise.

“Thanks to the close cooperation with the MORGENSTERN Group, our customers will benefit in the future from a holistic portfolio and consulting approach for everything to do with ELO document management,” said Michael Klumpp, Managing Partner of Informationstechnik Klumpp GmbH, who will continue to be responsible for Managed Print Service and data protection will continue with his team in Lahr. “With the integration of the business area, its customers and employees, we are once again strengthening our presence in the south-west and expanding our expertise in this crucial growth area,” continued Robin Morgenstern, CEO of the MORGENSTERN Group.

“In the current 2022 financial year, we are also benefiting from the unbroken demand for digitisation solutions and we expect renewed, significant growth here. Against the background of the worsening delivery bottlenecks as well as the Ukraine war and massive price increases, we expect these factors to have a greater impact on our business development in 2022 as well. However, through the consistent strategic orientation of the group of companies and the sustained focus on the benefit of our customers, we will minimize the effects of macroeconomic factors on the earning power of the group,” concluded Robin Morgenstern.

Categories : City News

Tags : Acquisition Business Expansion MORGENSTERN Group

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