Bavaria’s automotive and industrial strength also has been a major factor in L&L Products’ decision to establish a sales and engineering center in Munich. US company L&L, headquartered in Romeo, Michigan, develops and manufactures ultra-strong, light-weight body structures for a range of industrial applications, foremost the automobile and aerospace industries.
Another Munich “recruit”, in this case in the Fintech sector, is Velvon, an app-based online-only retail bank, an offshoot of Czech Airbank. Velvon has just been granted a banking license for Germany by regulator BaFin and is busy ramping up its team in Munich for its planned launch in early 2020. The Munich base is also to serve as the springboard for further markets in Europe.
Canadian Robots, Japanese Chemicals, Chilean Software, UK Pharmaceuticals & Google
Robotics specialist KINOVA, repeatedly hailed as one of Canada’s most successful, disruptive and fast-growing manufacturing companies, has opened its first European Competence Center for Robotics in Langerringen near Augsburg. The center for KINOVA’s range of assistive robots in healthcare enables health professionals, health insurers and medical equipment suppliers, to test KINOVA’s robotics arms on site.