From one-man business to global player: the success story of CHG-MERIDIAN
CHG-MERIDIAN continues its expansion course
For CHG-MERIDIAN, the year 2012 was marked by a need to prepare for continued and sustained growth. At the end of 2011 CHG-MERIDIAN Mobilien GmbH was founded, and in February 2012 the Federal Financial Supervisory Agency (BaFin) granted the subsidiary permission to transact business and begin its activities. The company will initially provide financing solutions for manufacturing equipment and facilities in Germany. In the technology sector of industrial capital goods CHG-MERIDIAN thus capitalizes on existing expertise within its scope of services, such as developing and controling efficient utilization concepts with the asset management system TESMA© Online.
In 2012 the Top Job project awarded CHG-MERIDIAN its quality label as a top-notch employer. Top Job has been identifying and rewarding outstanding personnel work at medium-sized German businesses for over ten years. CHG-MERIDIAN had successfully undergone a scientific method devised by the Institute for Leadership and Human Resource Management at the University of St. Gallen. In its explanatory statement the Institute placed particular emphasis on the team spirit and open culture of communication within the company.
By 2015 CHG-MERIDIAN will have expanded its administrative center in Weingarten (southern Germany) with a modern new office building. This building project was decided in 2012 and has become necessary thanks to continued strong growth domestically and abroad. The number of employees in Weingarten will gradually increase from the current 200 to 300 by 2015. Worldwide the number of employees is projected to rise from about 700 in 2012 to almost 1,000 in 2015.
CHG-MERIDIAN continued its international expansion strategy in 2012. Among other projects, a joint venture in Mexico was taken over in its entirety by the CHG-MERIDIAN group of companies. CHG-MERIDIAN AG had increased its stake in CHG-MERIDIAN México S.A.P.I. de C.V in June 2012 by more than 26 million euros. The company employs a staff of about 70 in Mexico.
2011 was one of the most successful years in the history of CHG-MERDIAN
Economic overview: 2011 was one of the most successful years in the history of CHG-MERDIAN: despite the difficult economic conditions, the company was able to significantly increase its performance mainly in the volume of new investments and the contribution margins. The successful end to the 2011 financial year is further proof of the success of the international growth strategy, which the group of companies has been following since 2000.
LAS.net goes global: The central Leasing Administration Software (LAS) was rolled out for all foreign subsidiaries. It forms the basis for contracts and the unique Asset Management software "TESMA® Online" by CHG-MERIDIAN. Globally standardised customer service is now possible and helps enable transparent cost control for companies operating internationally.
Technology competence: CHG-MERIDIAN does not only offer innovative IT solutions to its own customers. The company is leading by example and put its own "Cloud solution" into operation in 2011. The foreign subsidiaries in the USA, Belgium and the Netherlands started with the new IT architecture in the company.
CHG-MERIDIAN opens new Technology and Service Centre
The CHG-MERIDIAN Technology and Service Centre has moved from Mörfelden to the Wasserweg industrial park in Gross-Gerau. Up to 800,000 assets per year can be tested, audited and prepared for resale anywhere the world in a production area of 8,324 m² in the newly built complex. There are a further 1,195 m² for secure data deletion. The new three-story office building (1,400 m²) also houses Distribution for the Rhine-Main region.
In 2010, CHG-MERIDIAN benefited from the global economic upswing. The volume of lease origination rose by 9.82 percent to 661 million EUROS. With new contracts worth 218 million euros, CHG-MERIDIAN closed its strongest quarter in the history of the company. The strong growth was mainly driven by foreign operations.
Expansion into the United States, Canada and Mexico
CHG-MERIDIAN buys the US and Canadian businesses of leasing provider
El Camino Resources International Inc. and acquires a 50 per cent stake in
El Camino in Mexico, thereby creating a robust platform on which to grow this business in North and Central America. The CHG Group is now represented in 18 countries worldwide.
CHG-MERIDIAN expands its existing German client portfolio by taking over SURACON Finanz und Service AG, a company headquartered in Wassenberg near Düsseldorf, which specialises in IT leasing and marketing solutions.
In July, CHG-MERIDIAN UK Limited, which is based in Egham near London, acquires 100 per cent of the share capital in Wyse Finance Limited. This company, which was created in 2006 when Wyse Leasing bought up a number of regional companies, provides its customers with IT financial services. Most of Wyse's clients are small and medium-sized firms. The new company trades under the name of CHG-MERIDIAN Capital Limited.
CHG-MERIDIAN widens its service range and pursues international growth
It has always been an integral part of CHG-MERIDIAN's corporate philosophy not just to identify trends at an early stage but to set them. Ever since the Company was founded we have been considered innovators in the IT financing sector, which we proved once more in 2008 by developing service modules such as output solutions, ERP and managed desktop services.
We set up a subsidiary in Slovenia to drive forward our eastward expansion Europe. We also acquire a larger stake in CML Services GmbH, making CHG-MERIDIAN the main shareholder with 60 per cent of its shares.
CHG-MERIDIAN enters into an alliance with ORIX Rentec Corporation, which enables it to respond to growing demand and serve its customers in Japan, China, Korea and Singapore in line with local market conditions. ORIX Rentec, which was set up in 1979 and is headquartered in Japan, is the world's largest provider of financial solutions for computers, analytical instruments and testing equipment.
CHG-MERIDIAN expands its Management Board
The Supervisory Board appoints Joachim Schulz and Dirk Stobbe to the Management Board with effect from 1 January 2007. Schulz was previously the Company's commercial director and Stobbe was head of sales in Düsseldorf in addition to building up its Hamburg office.
The Company achieves a new record volume of €655 million in total lease origination and employs 512 people across Europe.
Launch of small-ticket leasing
The CHG-MERIDIAN Group establishes the subsidiary CHG-direct Leasing GmbH so that it can enter the small-ticket IT leasing market (financing of small-scale
IT projects). This new subsidiary is based in Weingarten.
TÜV Informationstechnik GmbH (TÜViT), Germany's safety standards authority, certifies CHG-MERIDIAN's data erasure process. This makes CHG-MERIDIAN the first company in Germany to offer its clients a fully certified process for erasing data from computers' hard drives.
Acquisition of Belgium's CSL Group
CHG-MERIDIAN acquires the CSL Group, thereby becoming one of the leading IT financiers in Belgium.
CHG-MERIDIAN subsidiaries in Spain and Poland open for business.
By acquiring CLV Computer Leasing AG, a Stuttgart-based company, the
CHG-MERIDIAN Group continues to expand its presence in south-west Germany.
Expansion into France, Italy and eastern Europe
CHG-MERIDIAN acquires the French company Finexis S.A. In addition to the French parent company it also acquires the firm's wholly-owned Italian subsidiary Finexis Italia S.p.A. and a majority stake in the French company Finexis Medical SAS, which specialises in leasing medical equipment.
The CHG-MERIDIAN Group buys the Italian company PARSYS Italia S.p.A. The new subsidiary is renamed CHG-MERIDIAN Italia S.p.A.
The CHG-MERIDIAN Group expands into eastern Europe by setting up subsidiaries in Russia, the Czech Republic and Slovakia. It is now represented in ten European countries.
It opens a new sales office in Hamburg.
The company moves into its new head office in Weingarten
24 years after it was founded, CHG-MERIDIAN moves its head office from Berg to Weingarten. In March the Company moves into its new office building in Franz-Beer-Strasse, where it has a total of 10,500 square metres of office space on eight floors.
A total of 116 people work there, and the Company employs 266 people throughout Europe.
CHG-MERIDIAN acquires 25 per cent of CML Services GmbH, a company based in Ingolstadt, southern Germany, that offers IT services and consulting.
In September 2003 CHG-MERIDIAN acquires the IT leasing portfolio of the Swiss company COS Systems AG and establishes its own subsidiary in Switzerland.
Acquisition of Nedlease BV
CHG-MERIDIAN acquires the Dutch leasing provider Nedlease BV and merges it with its Dutch subsidiary CHG-MERIDIAN Computer Leasing Netherlands BV.
Its total volume of lease origination hits a new all-time high of €545 million.
Acquisition of El Camino Resources and new foreign subsidiaries
By purchasing the European leasing business of the American company El Camino Resources, CHG-MERIDIAN acquires further subsidiaries in Ireland, France, Belgium and the Netherlands. An El Camino subsidiary in the United Kingdom is integrated into CHG-MERIDIAN's existing local subsidiary. This acquisition increases CHG-MERIDIAN's total headcount to 220.
In the same year CHG-MERIDIAN acquires majority stakes in the two systems houses n-komm GmbH, Karlsruhe, and abakus Systemhaus AG, Weingarten
(now abakus IT AG). The Company is gradually being transformed from an IT financier into an IT portfolio manager whose offering includes a broad range of IT services in addition to financial services.
CHG-MERIDIAN goes European
CHG-MERIDIAN sets up its own subsidiaries in the UK and Austria. The total volume of lease origination exceeds €240 million.
Lease origination top the €150 million mark
The total volume of lease originations exceeds €150 million for the first time in the Company's history; it employs 81 people at the end of the year.
CHG-MERIDIAN becomes a public limited company
CHG-MERIDIAN becomes a public limited company (Aktiengesellschaft) so that it is well-equipped for further growth. It is now called CHG-MERIDIAN Deutsche Computer Leasing AG. In the same year it acquires Munich-based CSC Leasing, another company with many years' experience of IT leasing.
CHG-MERIDIAN buys CICS
CHG-MERIDIAN acquires the Karlsruhe-based firm CICS GmbH, one of its strongest competitors for PublicSector clients. CHG-MERIDIAN is now a leasing partner to more than 60 per cent of all Public Sector organisations in Baden-Württemberg. It employs 67 people at the end of 1996.
Acquisition of FGM-Meridian turns CHG into CHG-MERIDIAN
CHG Computer Leasing GmbH acquires the Wiesbaden-based firm FGM-Meridian, a company of approximately the same size. The two companies complement each other ideally: while CHG's business is primarily focused on southern Germany, FGM operates mainly in the north and west of the country. The company now operates nationwide for the first time under the new name of CHG-MERIDIAN.
Acquisition of IVG GmbH
CHG Computer Leasing GmbH broadens its portfolio of services by acquiring companies. It launches its new growth strategy successfully by acquiring the Munich based firm IVG GmbH at the end of 1993.
Company is renamed CHG Computer Leasing und Handelsgesellschaft mbH
The Company is restructured and in July is renamed CHG Computer Leasing GmbH. Thanks to its proactive strategy it begins to grow increasingly rapidly and successfully.
Construction of the first office block in Berg
The Company is growing far too big to be housed in the building where Jürgen Gelf lives. He arranges for its first office block to be built in the nearby town of Berg, and the Company moves into its new premises in 1986.
First company expansion
Financing accounts for an increasingly large proportion of the Company's business. Its name is changed to CHG Computer Leasing- und Handelsgesellschaft mbH to reflect this trend.
The Company is growing rapidly: three vacant flats available in the building are converted into offices and more employees are recruited. The first IT department is set up and its computers (IBM 32) are installed in the basement.
Foundation of CHG
Alongside his day job as head of organisation and data processing at a medium-sized electrical engineering company, Jürgen Gelf starts up his own firm:
CHG Computer-Handels-Gesellschaft mbH. He conducts the first transactions from his office at home. His workplace consists of a table with what at the time was a cutting-edge IBM spherical-head typewriter, four ring-binder folders, a dictating machine and the most state-of-the-art communications equipment of its day: a punched-tape telex machine. The firm is based in Berg near Ravensburg, southern Germany.