Globig’s partner Invest In Bavaria – US recently interviewed Melville Mummert, of Raymond James, as part of their series on North American entrepreneurs who have decided to start, settle, or build companies in Bavaria. They talked with Mr. Mummert about why both Germany, and in particular, Bavaria, are ideal places for foreign investment, and mergers & acquisitions.
In this podcast, James Mister of Invest In Bavaria talks with Mr. Mummert about how Munich, Bavaria, and Germany are attractive for a number of reasons.
To name some of the important advantages:
– Munich has grown as a financial center in the last 3 decades, becoming the 2nd largest hub after Frankfurt in terms of “assets under management” for investing in industrial companies in Germany
– Munich has an excellent quality of life, superb logistics, and one of the newest airports in Europe
– It has a extremely attractive base of young professionals coming from both the universities & the financial service companies . There is a large pool of top young talent and experienced candidates to draw upon. And once hired, employees like to stay in Munich
– Munich is an international and cosmopolitan community with excellent international & English-speaking schools for the children of expats
– The city of Munich is within close driving proximity to Switzerland, Austria, Italy, and many other points worth visiting are nearby
– Germany has the strongest economy in the EU, and with the EU becoming increasingly fragmented, this is a trend that is likely to increase
– ‘Made in Germany’ and German quality & engineering continue to be global brands
– Germans have proved themselves as global champions in their ability to continually press the boundaries of innovation. Germany has sophisticated equipment that is difficult to copy
– With the world’s markets becoming more protective, exporting into European markets could become more difficult in the future, so having access to local production or owning local production and having access to local markets, as Germany does, will become more important
– Expansion into Munich via M&A is a viable alternative, with verticals in industrial products, consumer products, engineering, biotech, medtech, software, and IT services, among others
This podcast spells out some of Germany’s, and specifically Bavaria’s, advantages for both living and also for prospective investment, mergers and acquisitions.
As the Business Promotion Agency of the State of Bavaria, Globig’s partner Invest in Bavaria supports companies from Germany and abroad, and from a wide range of sectors, in finding the ideal location in Bavaria to establish business. Their goal is to help companies be successful right from the moment they settle in Bavaria. Invest In Bavaria has launched a podcast series to add to all of their other resources. If you are considering starting and/or growing your business in Germany, Invest In Bavaria is ready to help you succeed.
Melville Mummert is the Head of European Investment Banking for Raymond James, an international wealth management company, that in Germany, focuses on vertical segments, where Bavaria & Munich play a big role.
Resources:
Invest In Bavaria Podcast Series
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