Concept Laser Sets up US Subsidiary
Concept Laser GmbH, Lichtenfels, Germany, hopes to assure itself a long-term position in the US market now that it has founded a new subsidiary in the States. Demand for LaserCusing systems in the US was already high in the past. Developments over the last 2 to 3 years have made it necessary to create a regional structure so that sales and service tasks can be quickly dealt with on site. The new subsidiary Concept Laser Inc. is located in Dallas (Texas) and was officially inaugurated on August 1, 2014 under the management of CEO John Murray.
The new venture in the US was planned well in advance: when the US subsidiary was founded over 40 LaserCusing systems had been installed there. As a medium-sized company run by its owners, they are, according to John Murray, not obliged to be listed on the stock exchange but instead can reinvest the revenue in fields of the future such as product development and R&D. John Murray: "Concept Laser is driven by technology, not capital."
Now that the first step has been taken, the management team at Concept Laser expects the capacity of the US business to be extended even further. However, they do not want to neglect the European markets and intend to continue adapting the structure according to market requirements. In the short term, the company will be strengthening regional activities in China, at the Ningbo office, in order to ensure short pathways to the customer in all three important industrial regions of the triad.
"With our headquarters serving the European market, a new branch office in the US and an established branch office in China, we are now active in three significant regions around the world," said Frank Herzog, President & CEO of Concept Laser GmbH.
Concept Laser GmbH
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