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The right partners are the key to success
In an increasingly interconnected world, it is crucial to connect with the right partners to jointly set the course for the future. Partnerships can be customer relationships, strategic investments, acquisitions, or simply working with like-minded people to solve more complex challenges.
Transformation is a mammoth task. In particular, medium-sized family businesses know that this transformation cannot succeed alone in a closed system with the required efficiency. Conscious integration into ecosystems is the consistent path to success.
One example of a joint future-oriented approach is the Plug and Play Tech Center in Silicon Valley, the largest platform for early-stage investors, accelerators, and business innovators, headquartered in Sunnyvale, California.
MANN+HUMMEL has invested in the Plug and Play Tech Center for several years and has also placed its internal incubation program "InCUBE" there - an initiative through which startup concepts and innovation are driven within the group. The digital solution Streametric is an exemplary spin-off of the platform that has successfully started commercialization and is growing.
Selected acquisitions are another pillar. Tri-Dim has been part of the MANN+HUMMEL Group since 2018. The acquisition of the air filtration specialist in the USA was supplemented in 2019 by a further purchase of Hardy Filtration in Canada; the year under review saw the majority takeover of Pamlico Air. All three companies are now managed by Shawn Windley (formerly of Pamlico Air) and form the regional US hub for Life Sciences & Environment Air Filtration – already in MANN+HUMMEL's corporate colors.
