Company:
FAIST Anlagenbau GmbH

Industry:
Plant Engineering

Revenue:
Approx. €95 million

Number of Employees:
260

Situation at the client’s company:

• Persistent Weak Earnings
• Inadequate Processes, Incomplete and Faulty ERP and 3D CAD Implementation
• Frequent Changes in Management
• IDW S6 Restructuring Report Prepared and Restructuring Financing Agreed

Headquarters:
Bavaria, Krumbach (Swabia)

Website:
www.faist.de

FRAMEWORK PARAMETERS

Role: CEO of the corporate group

Period (duration):

• 04/2018 to 03/2023 (60 Months)

Area of responsibility:

• International Corporate Group with 10 Companies at 5 Locations
• Corporate development, strategy and turnaround
• MA Company Sale

TASK

• Implementation of the Restructuring Report according to IDW S6, including Structural and Personnel Measures and Reporting to Stakeholders (Shareholders, Banking Group, Restructuring Consultants)
• Definition and Implementation of a Corporate and Growth Strategy
• Company Sale and Growth Financing in Coordination with Shareholders and Financing Banks

MEASURES

• Implementation, Management, and Expansion of a PMO for Efficiency Improvement, Process and Methodology Optimization, Consistent ERP Utilization, Digitalization of Business Processes, and Organizational Development
• Expansion and Development of KPI Reporting, Management Information System (MIS), Rolling 3-Year Planning with Actual-vs-Plan Reconciliation
• Establishment of Financial Transparency within the Company
• Development and Implementation of a Growth, Product, and Location Strategy
• Expansion of the Service Portfolio to a Value-Added Provider and Development of International Locations

SUCCESSES

• Sustainable Transformation and Consolidation of the Company, as well as Turnaround from 2021, Despite the Corona Pandemic, Dieselgate, and Trade Wars
• Revenue Increase >30%, Highest Order Intake and Order Backlogs
• Conversion from Restructuring Financing to Growth Financing

SPECIAL CHALLENGE

• Transition from Shareholder Management to External Management (CEO)
• In addition to the restructuring, the Corona Pandemic, Dieselgate, China-USA Trade Wars, and the Ukraine War brought additional tasks to manage.