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ForgeFinder.com Announces Opening of New European Headquarters in Munich, Germany at the Siemens Business Accelerator
(Munich, Germany) ForgeFinder.com, the first and only e-commerce
marketplace dedicated to the forged metals industry, today announced that the company has opened
its new European headquarters at the Siemens Business Accelerator at the Munich Airport, Germany.
Andreas Gillhuber, Business Coach at the Siemens Business Accelerator
indicated, "Having a good idea is no longer sufficient for setting up a successful business. In
today’s rapidly growing and constantly changing market, young companies like ForgeFinder require
the best possible support to ensure acceptable "time to market" for a new business concept. At the
Siemens Business Accelerator, we will give ForgeFinder this support, as well as access to the
various Siemens Groups. At the same time, our business model at the Siemens Business Accelerator
will assure ForgeFinder’s independence to serve its existing customer base."
Since its launch in April 2000, ForgeFinder has firmly established
itself as the global leader in eCommerce for the forged metals industry. Over 200 forge shops are
registered to participate in ForgeFinder auctions, and represent some of the most highly qualified
open die, closed or impression die, ring rolling and cold forging shops in the world.
Because the site's auction process replicates current buying practices
of the industry, and is not technology-driven, ForgeFinder offers forging buyers a highly
sophisticated tool that allows the buyer-vendor relationship to seamlessly migrate to the online
environment. ForgeFinder's Private Auction Centers permit forging buyers to hold invitation-only
auctions with a pre-selected group of suppliers. Buyers are never required to accept the lowest
priced bid. And they can also use the Site to verify existing part pricing and to evaluate the cost
of prototype designs.
Kyle Gillman, Chief Executive Officer, ForgeFinder.com, said "We are
delighted that the Siemens Business Accelerator has selected our company for this program. While
we already have many buyers and sellers outside of North America, we are committed to making
ForgeFinder a truly global enterprise. By establishing an office at the Siemens Business
Accelerator we have the opportunity to rapidly expand our European presence. Now all European
forging buyers may benefit from ForgeFinder's unique brand of business-to-business supply chain
management that matches buyers with the right suppliers, based on quality assurance, reliability,
pricing and delivery schedules."
Initially, Mr. Gillman will manage the Munich office. A team of German
forging and IT specialists will join him to form the core ForgeFinder.com European operating team.
About Siemens Business Accelerator
The Siemens Business Accelerator (SBA) offers an expert environment for
the critical initial stage of start-ups and internal Siemens projects and spin-offs. Together with
a personal adviser (Business Coach), the business plan will be developed and perfected and contacts
will be established with the various Siemens Groups, thus exploiting the enormous sales potential
of Siemens. At the same time, the independence of the start-up company is assured. For more
information, visit www.e.siemens.com/sba.
About ForgeFinder.com
ForgeFinder.com is a global marketplace for the forged metals industry.
The company serves vehicle manufacturing, power generation equipment production and repair, oil and
gas drilling and refining, construction equipment manufacturing and aerospace machinery,
shipbuilding and railroad industries.
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