Business takeovers are therefore a crucial factor for vibrant regions. For the new owners, however, they represent a huge step. They take on responsibility for staff, running costs, necessary investments and existing customer relationships. At the same time, the financing must be structured in such a way as to allow the new company sufficient breathing space for its development.
KGG and UBG, in collaboration with banks, can help to create the necessary financial foundation for start-ups, takeovers and investments. Whilst guarantees can hedge against risks, equity investments strengthen the equity base. Particularly in the case of a business takeover, this can create the financial leeway that entrepreneurs need for a successful start.
Exmanco Riegler: From employee to entrepreneur
The Exmanco Riegler car repair workshop in Perg demonstrates how this works in practice. Markus Riegler had been employed there for more than 20 years when, in 2023, the opportunity arose to take over the business himself. The long-serving employee became an entrepreneur. And the career opportunity turned into a financial responsibility.
Riegler contributed his own capital. To meet the eligibility criteria for a subsidised loan from Austria Wirtschaftsservice, the investment from the Upper Austrian Start-up Fund proved to be a valuable addition to the financing structure and improved the starting position for securing funding. This made it possible, amongst other things, to purchase new tools
, take over the stock and invest in IT and LED lighting.
Business succession becomes a regional issue
The impact extends far beyond the financing of the takeover. The company’s team grew from seven to around twelve people, and two apprentices are also being trained. At the same time, the region has retained a brand-independent workshop offering spare parts and personalised advice.
This demonstrates the economic importance of suitable financing options for rural areas. When KGG and UBG help to facilitate a business takeover or further development, expertise, jobs, training opportunities and services remain in the region.
#absolutelybrilliant when a business decision like this makes such an important contribution to the future of an entire locality.
