Machinery and Equipment Manufacturing

Machinery and equipment “Made in Germany” are well known worldwide for its high quality. Many German machinery and equipment manufacturers, known as “Hidden Champions”, are usually medium-sized companies leading in their industry. With an export rate of 78 percent, the industry is a flagship of the German economy.

Despite globalization, it is becoming ever more difficult for companies to concentrate on their core business. In addition, the ever-increasing number of audit regulations and requirements, especially for companies operating internationally, is an added burden. The continual networking of the industry through technologies such as the “internet of things” (IoT) and “machine-to-machine” (M2M) communication requires innovative and practice-oriented solutions.

This is where our audit skills come into play. Our strength lies in giving individualised care and consulting tailored to the specific requirements you face. Our Nexia contact persons coordinate a multi-disciplinary team in order to offer you tax and financing solutions or consulting on  subsidies that are all secure for the future. We can also assist you in optimising your internal processes and organisational structures and give you support in crisis situations.

Our objective is for you to able to concentrate on what is essential for your business: your customers, your products, and creating value. Let us help you in reaching your goals and objectives and in managing your business successfully.

Our services in the machinery and equipment manufacturing industry

Of course, we can assist you in all tax matters and offer your company comprehensive audit and assurance services as well.
In addition, we are at your disposal for the following services:

• Auditing separate and consolidated financial statements in accordance with German GAAP and IFRS
• Consulting on specific accounting issues − e.g. revenue recognition under IFRS 15
• Consulting when acquiring or selling companies
• Valuing companies
• Evaluating technologies
• VAT consulting on service relationships with foreign companies
• Advising on transfer pricing for cross-border business models
• Advising on risk management and compliance systems