Successful carve-out project done for a major German company
ZF Friedrichshafen AG contacted the German branch of DIS, CREADIS, to get assistance to optimize, trim and develop one of their businesses, acquired by the parent company a few years ago.
ZF Friedrichshafen AG is one of the world’s leading technology companies with a staff of approximately 135,000. The company is especially known to be a major supplier to the automotive industry, which they support with engineering, design, research, development and production activities. Furthermore, they are involved in the rail, marine, defense, and aerospace industry.
CREADIS’ primary focus was to review and develop the company Cherry which produces and develops mechanical keyboards. Cherry used to belong to the parent company’s line of products called “Computer Input Devices”, and CREADIS’ task was to make sure that Cherry became a self-sufficient and independent international company with its own corporate structure and management independent of the parent company.
Cooperation and communication took place between the responsible management team at ZF and key employees at the new Cherry company. Together with CREADIS a number of objectives and requirements were defined. To solve the task CREADIS put together a multidisciplinary team with many years of experience in management and optimization of companies. In the span of 6 months a wide range of tasks were solved, including the development of a global and operational independent business structure, implementation of customized business processes, and establishment of production locations in China, Germany, England, France, Czech Republic and USA.
In addition, CREADIS provided advice in relation to legal aspects, customs and taxation, production and technical issues as well as finance, controlling and accounting. Separation of IT systems was also a large topic, and here CREADIS could also provide support with a select team.
With the successful completion of this project, CREADIS has proved that they have all the management resources to solve a complex 360-degree project, and that they are ready for future challenging strategic projects.