BRAIN AG establishes US subsidiary
In order to address the North American markets of importance for the BRAIN Group more effectively, the BRAIN AG, headquartered in Zwingenberg, has founded the US subsidiary B.R.A.I.N. Biotechnology Research and Information Network US LLC (short: BRAIN LLC). This strategic step is intended to accelerate the internationalization of BRAIN’s business operations, improve customer relations and intensify the Group’s business development with a US presence. In addition, the company plans to expand its links with international research co-operations, in which BRAIN is already involved to some extent successfully. The newly founded BRAIN LLC is based in Rockville, Maryland, near Washington DC. After the company was founded and recorded in the previous month it now starts operations. BRAIN AG holds 100% of the shares in BRAIN LLC.
Nearby BRAIN LLC is the US representative office of the BRAIN subsidiary Analyticon Discovery GmbH, Potsdam. BRAIN Group expects synergies and faster market access for its own product and process developments through the co-operation of the two US branches.
BRAIN AG has taken a series of strategic measures since the beginning of the financial year 2017/18 with the aim of expanding business development and market access for BRAIN innovations. Dr. Jürgen Eck, CEO of BRAIN AG, commented: „The establishment of BRAIN LLC in the US state of Maryland is aimed at driving forward the internationalization of our business development. In order to be able to market our product and process innovations in the important future market of bio-economics more effectively internationally in the future, direct market access is of great importance. Our M&A strategy and the preparation of product-specific spin-offs to strengthen our product-driven business segment BioIndustrial also contribute to this.“
BRAIN AG and Analyticon Discovery GmbH are already partners in important product developments of BRAIN Group such as the DOLCE program for the development of biological sugar substitutes and sweetener enhancers. Several US companies have already been acquired as development partners in this program.
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