The EMCO Group, headquartered in Hallein near Salzburg, has become one of the leading machine tool manufacturers in Europe, producing high-quality turning and milling machines in Austria, Italy and Germany. The group employs approximately 630 people with annual sales of around EUR 160 million. Until December 2011, the group belonged to the insolvent A-TEC Group and was acquired by Salzburger Kuhn-Holding-GmbH in the course of the sale of the subgroups. In recent years, the EMCO Group has been able to further expand its international market position and can look back on very successful financial years.
The Project (Rent-a-CRO):
From May 2012 to September 2013, Management Factory acted as CFO with management function for EMCO Maier GmbH (group headquarters and production headquarters). The task of the Management Factory was – in addition to the operational finance function, the management of the subsidiaries and the integration into the KUHN Group. In addition to the finance department, the human resources department and the IT department were also part of the Management Factory’s remit.
- Expansion of the group reporting system
- Renegotiation and conclusion of group financing by a financial consortium
- Preparation of IFRS consolidated financial statements at the level of EMCO Maier GmbH (instead of as a subgroup of the former A-TEC Group)