LRS sponsors cultural festival at Schloss Walpersdorf

From July 17 to 24, 2022, the Kulturfest will take place at Schloss Walpersdorf – with a varied musical program that is somewhat outside the usual regional cultural initiatives. By sponsoring the “Culture Festival Day for Children” on July 19 ( https://www.schloss-walpersdorf.at/programm-detail/kulturfest-tag-fuer-kinder.html), LRS is supporting a heartfelt project that was launched by the regional “Club of Friends of Culture” with a great deal of dedication, personal initiative and openness to cultural diversity, making the world of culture tangible for the future as well.
More here: https://www.schloss-walpersdorf.at/foerderer-sponsoren.html

Stand with Ukraine

We have long supported Ukraine in its efforts to strengthen civil society. In the 2000s, for example, we participated in a programme to sponsor highly talented students from financially weak families financially during their studies.

Now we are helping again: in addition to sending medicines to Ukrainian hospitals, we are supporting a refugee family in Austria. LRS has taken over the procurement of housing and pays rent as well as running costs.

Sale Genera Printer GmbH

KEH Holding has held 25.2% of the shares in Genera Printer GmbH since its foundation in 2015. Genera develops and sells 3 D printers for industrial applications. In October 2020, LRS received the assignment to make Genera Printer M&A-ready and to sell the shares of KEH in the best possible way, while ensuring the future growth of Genera Printer as a secondary condition. After internal restructuring initiated and implemented by LRS, mainly in the commercial and organizational areas, a professional M&A process was started. The winner of this process was the Stratasys Group, which is listed on the US technology exchange NASDAQ. In November 2021, it acquired the 25.2% stake in KEH-GmbH via its British subsidiary and provided the company with the necessary growth capital.

Read more here.

Sale KBZ/Geras

Stift Geras, the Premonstratensian canonical monastery in the Waldviertel, sells its 94% majority shareholding in KBZ GmbH (exactly Kunst- und Bildungszentrum Stift Geras -Veranstaltungs- und Betriebsgesellschaft m.b.H.) to Friends Touristik, the operating company of the tenant of Pernegg Abbey, Klaus Rebernig. The remaining 6% will continue to be owned by Dr. Norbert Frömmer.

The project, in which LRS has been involved operationally and strategically for six years – among other things, Norbert Frömmer was managing director of KBZ from 2015 to 2020 – thus entered its next phase in mid-August. At the same time, further contracts were concluded to enable the long-planned expansion of the Pernegg Fasting Center.

GENERA and Henkel jointly drive series production in additive manufacturing

EuropeanBoostUp! Competition – Norbert Frömmer as a member of the Accelerate Jury

The European Institute of Innovation and Technology (EIT) Manufacturing supports science and research, as well as education. The goal of EIT Manufacturing is to support the creation of 1000 start-ups and will invest more than EUR 325 millions of private-public-partnership funds in the formation of EIT Ventures until 2030.

One of the initiatives to support new business ideas and innovations is the European BoostUp! Competition. The regional final held in Vienna at the end of October was organised by the EIT Manufacturing East which is located there. Start-ups and SMEs from all over Austria and many other Eastern European countries presented their projects in three different categories: Create, Accelerate and Transform.

LRS was also participating – as an experienced expert Norbert Frömmer was asked to join the Accelerate Jury. Together with other top-class managers from the Austrian economy he had the exciting but challenging task to choose the regional winners. The selected business models, innovations and ideas will be introduced to the european audience at the grand european final in Brussels, next to the best projects from the South, North, Central and West regions of Europe.

Quantum Capital Partners acquires Stadlbauer group
In July 2018, LRS was commissioned by the Stadlbauer family to take over the management with the aim to stabilize and realign the corporate group, that had suffered of a failed generation transition and the disruptions in the international toy market. After completing this process, the owners decided to sell to Quantum Capital Partners.

This May, the Salzburg based Stadlbauer group announced the acquisition by Quantum Capital Partners. The closing of the transaction is subject to the approval of the antitrust authority. Dr. Norbert Frömmer will stay Managing Director of the Stadlbauer Group. Andreas Stadlbauer will support the new holding as a member of the advisory board. The acquisition is expected to be completed in the second quarter of 2019 following the completion of all closing requirements.

More please find in the press release.

Halliburton acquires Smart Fibers
Smart Fibers Ltd. was taken over by Halliburton Global Holdings Ltd., one of the largest players in the oilfield service market . LRS has been a member of the four-headed Boards of Directors since 2015. LRS initially stabilized the company economically, realigned it strategically and was then looking for the best option for the stake holders (shareholders, company, employees) of Smart Fibers Ltd.. The sale of 100% of the company took place in December 2018.