September 3, 2013
Lufthansa Technik and McKinsey launch joint venture company ‘Lumics’
Lumics GmbH & Co. KG is a new consultancy firm which has started 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 a leading provider of technical services in aviation and the consultancy expertise of one of the leading firms 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.