Lufthansa Technik and McKinsey launch joint venture company Lumics
Consultancy specializing in process optimization
Lumics GmbH & Co. KG is a new consultancy firm which has started up operations in Hamburg, Germany. The company specializes in the provision of consultancy services for the optimization of complex production processes and their practical implementation.
The joint venture between Lufthansa Technik AG and McKinsey & Company brings together the process experience of the leading provider of technical services in aviation and the consultancy expertise of the world's leading firm of management consultants.
Outside the aviation industry Lumics also sees potential clients in industries such as chemicals, automobiles, energy and pharma that feature complex production operations coupled with high safety demands.
"Lumics offers clients the best possible combination of analytical and practical knowledge. This is consistent with McKinsey's perception of implementation as an indispensable element of consulting," said Detlef Kayser, chairman of the Lumics advisory board and a director at McKinsey in Hamburg.
"For many years Lufthansa Technik has been successful at optimizing its own processes. With the foundation of Lumics we will be able to offer competent advice and highly practically oriented support for process optimization to customers both in the maintenance, repair and overhaul (MRO) sector and in other industries," said Dr. Thomas Stueger, Chief Executive Products, Services & IT at Lufthansa Technik.
Based at Lufthansa's Hamburg base, the company commenced operation on September 2, 2013 with a broad spectrum of competencies. As Dr. Nicole Roettmer and Dr. Christian Langer, the two managing directors of Lumics, explain: "What singles out our staff is their experience in the optimization of production processes – whether in the role of specialists overseeing such changes or as operative managers who have played an active part in designing such optimization in their own area of responsibility."
The 50:50 joint venture Lumics is the fruit of many years' collaboration between McKinsey and Lufthansa Technik, which in the course of almost ten years developed into a partnership relationship and in mid-2013 led to the foundation of the new company.