The hochstadter medical technology company medwork has now been part of the japanese fujifilm group for a few days (the FT reported). The sale was not easy for medwork founder and managing partner gerald fischer. Last year the company celebrated its 20th anniversary.
In order to be able to survive with medwork in the long term, the company had to "choose from a large number of interested parties" decided on a partner "with whom one can work together strategically well and who does not focus on rapid growth with all its consequences" is enough, says fischer. He saw the company being squeezed by the massive international pressure on prices and the extreme increase in approval criteria. Around 140 people currently work at medwork in hochstadt, and up to a hundred more are expected to join the workforce soon with the addition of another plant. Gerald fischer gave an interview to the francophone day.
Why did medwork decide to take this step??
Gerald fischer: the demand for minimally invasive endoscopic examinations and treatments is growing worldwide, and so is the associated market for endoscopic instruments. But our strategic analyses of the future show that it is becoming more and more difficult to keep up with the strong competitors, the cheap importers from asia and the changing customer requirements.
In our home market, we are among the top 3 with a market share of around 15 percent. Globally, we are represented in over 30 countries, but further international growth is becoming increasingly difficult to achieve. With a strategically strong partner at our side, we can now develop the company in the long term and explicitly for the global market. So the expression of interest and the acquisition offer from fujifilm came at the right time.
What does this mean for the company location in hochstadt??
Unchanged. The development, production and marketing areas are among our core competencies. Our site is technically up to date, very stylish and highly efficient and we can expand. These options were also important for fujifilm in the transaction.
What is to be produced in hochstadt in the future??
On the one hand, the existing product portfolio and, on the other hand, the new market accesses also result in new application and product segments. Consequently, there are new product ideas that must be developed and also put into production.
Are the jobs secure in the long term?
I think that the answers to the previous questions have already answered this one. Because growth creates jobs.
How medwork benefits from the takeover?
With technologically innovative endoscope systems and a global sales network, fujifilm is active in the field of diagnostics, i.E. Endoscopes. Medwork, as already described, in the field of endoscopic therapy, instruments. By combining the two units, we can act as a so-called system supplier on the market and offer our customers everything from a single source. This creates synergies, shows grobe, and both companies benefit equally.
What will happen with the announced extension, will the project be continued??
The medwork plant 2 project is carried out as planned. The start of the ground work was this week.
What will the current managing partner of medwork, gerald fischer, do in the future??
I will remain in my current position as managing director of the medwork group.
The questions were asked by andreas dorsch.