Thyssenkrupp Automotive Body Solutions takes a stake in the startup Cap-on

Bodywork specialist Thyssenkrupp Automotive Body Solutions is acquiring a stake in Cap-on, a Bavarian startup specializing in digital pay-as-you-go services.

The two companies aim to set up new concepts of financing and digital uses in the capital-intensive businesses of plant and industrial goods.

Thyssenkrupp has acquired a minority stake and advises the start-up on the design of its service offer to industrial customers.

CEO Falk Nuessle said: “As a plant builder and at the same time operator of production facilities for body building, we ourselves as a company can benefit from new, intensive financing models. capital. At the same time, we want to sustainably extend our equipment supplier business model to new digital services such as pay per use or equipment as a service. To this end, we bring to the table the knowledge of complex machine and plant control, while Cap-on provides the know-how for new financing models and digital invoicing systems.

Cap-On CEO Philipp Lenz said: “By working even more closely with Thyssenkrupp in the future, we will not only benefit from their exceptional expertise in body and plant construction, but also from the possibility of developing our innovative financing and service models directly with customers. .”

The business idea of ​​pay-as-you-go or equipment as a service is based on the fact that industrial companies no longer have to finance and buy their production equipment themselves, but rather buy specific services. production and labor from a service provider. The scope of service also includes other services such as installation, maintenance and supply of spare parts. The service provider guarantees the availability of the equipment. The industrial customer thus benefits from a lower risk in long-term investment decisions, a lower commitment of funds, a transition from capital expenditure to operating costs and greater flexibility in production control. The prerequisite for such a business model is the digital networking of production processes and machine data with intelligent financing and invoicing processes as an IOT platform solution.

“Through our investment in Cap-on, we are combining all the capabilities needed to successfully implement an equipment-as-a-service business model: new financing models, use of IOT data analytics in the of production and digital invoicing process.. We are confident that this platform-based business model will revolutionize the production of industrial goods, as it is also scalable for other areas, such as capital-intensive IT applications. Nuessle added.

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