%20Gro%C3%9F.png)
thyssenkrupp Automotive Body Solutions and S.D.L. Süddeutsche Leasing AG acquire a stake in the fintech company cap-on:
▪ Joint development of digital financing and utilization concepts in the industrial goods business
▪ Establishment of "equipment-as-a-service" as a capital-efficient business model for OEMs
▪ Expansion of the service offering in plant engineering through platform-based financing and billing services
The body shop specialist, thyssenkrupp Automotive Body Solutions, and the financial services provider, S.D.L. Süddeutsche Leasing AG, are acquiring a stake in cap-on GmbH, a startup company from Bavaria specializing in digital "pay per use" services.
Together the companies aim to establish new financing and digital usage concepts in the capital-intensive plant and industrial goods business in the future. thyssenkrupp Automotive Body Solutions and S.D.L. Süddeutsche Leasing AG have acquired a minority stake in cap-on for this purpose and are advising the startup company on the design of its financing and service offering for industrial customers.
cap-on will use the capital raised in the financing round in particular for the expansion of the interdisciplinary team and the further technical development of the IOT platform solution. Philipp Lenz, CEO of cap-on GmbH: "Through the even closer cooperation with thyssenkrupp Automotive Body Solutions in the future, we will benefit not only from the outstanding expertise in body and plant construction, but also from the possibility of developing our innovative financing and service models directly at the customer. At the same time, with S.D.L. Süddeutsche Leasing AG joining us as a BaFin-approved financing partner, we can draw on decades of experience in financial engineering and refinancing."
Falk Nüßle, CEO of thyssenkrupp Automotive Body Solutions: "As a plant manufacturer and at the same time operator of production facilities for body construction, we as a company can benefit from new capital-extensive financing models. At the same time we want to expand our business model as a plant manufacturer in the long term to include new digital services such as pay-per-use or equipment-as-a-service. To this end, we bring with us the knowledge of complex machine and plant control and cap-on the know-how for new financing models and digital billing systems."
The business idea behind "pay-per-use" or "equipment-as-a-service" is based on the fact that industrial companies no longer have to finance and purchase their production equipment themselves, but instead purchase specific production and labor services from a service provider. The scope of service also includes other services such as installation, maintenance and spare parts supply. The service provider guarantees the availability of the equipment. The industrial customer benefits from less risk in long-term investment decisions, lower commitment of funds, capex to opex, 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 billing processes as an IOT platform solution.
"Through our investment in cap-on, we are bringing together all the capabilities it takes to successfully take an equipment-as-a-service business model on the road. New financing models, the use of state-of-the-art IOT data analytics in the production environment and digital billing processes. We are convinced that this platform-based business model will revolutionize the production of industrial goods, as it is also scalable to other areas, such as capital-intensive IT applications," explains Nüßle.
About cap-on
cap-on GmbH, a fintech founded in 2021, develops digital pay per use and asset as a service solutions for industrial customers. In cap-on's full-service offering, assets based on IoT data can be used flexibly and paid per use. Thanks to the off-balance sheet financing structure and data-based risk management, users benefit from liquidity-preserving investment opportunities even in volatile market conditions. The cap-on platform handles the entire financing process digitally, from contract and credit management to asset management. cap-on relies on intelligent data analyses for the real-time evaluation of users, assets, market situations and forecasts of future credit risks.
About thyssenkrupp Automotive Body Solutions
thyssenkrupp Automotive Body Solutions is an integrated body-in-white specialist. Its product and service portfolio ranges from prototyping, tooling and plant engineering to volume production of body components. The company has five development and production sites in Germany and a further six abroad. In total thyssenkrupp Automotive Body Solutions currently employs 2,200 people worldwide. The business unit is part of the automotive supply and service segment (Automotive Technology) of the thyssenkrupp group. In the last fiscal year this segment generated sales of €4.5 billion.
About S.D.L. Süddeutsche Leasing AG
S.D.L. Süddeutsche Leasing AG is a family-run leasing company based in Ulm-Elchingen. S.D.L. Süddeutsche Leasing AG implements in particular large-scale projects in the manufacturing industry, automotive as well as mechanical and plant engineering and is a company registered with the German Federal Financial Supervisory Authority (BaFin) in accordance with Section 64 (2) of the German Banking Act (KWG). S.D.L. Süddeutschen Leasing AG's customers include innovative start-ups, small and medium-sized enterprises, and DAX-listed corporations.
Contact:
cap-on GmbH
Philipp Lenz Co-Founder & CEO
+49 731 176626942
philipp.lenz@cap-on.de
www.cap-on.de
Address: Donaustraße 1, D-89275 Elchingen
Register Court: Memmingen HRB 18293
More and more companies are relying on IoT technologies and IoT hubs to connect their machines, systems and production processes. But what are the benefits of such a data hub?
Digitalization is becoming increasingly important for SMEs in order to secure their position in the market. But how exactly can SMEs benefit from IoT and what advantages does the technology offer?
How can banks, leasing companies and insurance companies benefit from asset risk monitoring via IoT technologies?
Hacker attacks on industrial plants can have devastating effects. But how can companies protect their machines and systems from cyber threats?
Pay-per-use models are particularly attractive for growing companies - but why exactly?
The Digital Product Passport (DPP) harbors uncertainties and restructuring for machine and plant manufacturers. How can the IoTization of machines and systems support the DPP?
Remote servicing is becoming increasingly popular as it offers many advantages. But for which companies and industries is remote servicing particularly suitable?
The use of CO2 transparency, energy efficiency and resource efficiency offers companies in the OEM sector extraordinary potential for process optimization and the promotion of sustainable innovations
Pay-per-use and asset-as-a-service models offer companies in the manufacturing industry, technology and electronics sector, logistics and start-ups enormous advantages.
AaaS is often classified as "too expensive" because only financing costs are compared. Only a comprehensive TCO analysis reveals the many advantages.
The networking of machines and systems has taken on central importance and is revolutionizing how companies organize, optimize and scale their production processes.
Partnership Staufen.ValueStreamer GmbH, ClimateGrid and cap-on: working together for effective sustainability management
The cap-on IoT Hub is the central web platform for controlling your subscription assets.
As an Asset-as-a-Service provider and orchestrator, we are proud to be able to offer the necessary technical infrastructure from our own source.
Asset-as-a-Service from the CFO perspective: What advantages does Managing Director Rainer Dieck see in the cap-on business model?
We were very pleased to brainstorm with Falk Nüßle about common strategic goals and practical needs following the 5th advisory board meeting of cap-on GmbH.
We are pleased to announce that together with our partners from thyssenkrupp Automotive Body Solutions, we have successfully completed the technical connection of another asset.
Welcome to our Berlin office!
cap-on was given a plant tour of the thyssenkrupp Automotive Body Solutions plant in Heilbronn.
The development of our lIoT platform for equipment-as-a-service, including the risk model for asset financing, enabled cap-on to qualify for a research grant.
Despite the limitless flexibility made possible by today's work structures, regular personal exchange offers many opportunities.
At the end of June, the Berlin cap-on Tech team was at the hub.berlin 2022 - "The business festival for digital movers and makers".
Under the leadership of partner Dr. Kai-Klemens Wehlage, honert provided comprehensive legal advice to the cap-on GmbH on a financing round.
"The body plant subsidiary of the Ruhr Group wants to offer its customers new financing models. In doing so, it is banking on the trend toward the factory on subscription." Source: Knitterscheidt, Handelsblatt 2022
Joint project for pay-per-use tool financing with EGA and SDL AG
cap-on and Neoloan agree on a strategic partnership.
cap-on Co-Founder Andreas Müller with Stefan Kober (Co-Founder Primepulse SE) at the World Economic Forum in Davos.