Quantum Partners advises Goodly Innovations GmbH and its shareholders on the company sale
PROCESS OPTIMIZATION / PHARMA / BIOTECH
Compared to other industries, the biotech and pharmaceutical sector has not yet been able to keep pace with the introduction of Industry 4.0 practices. Today, the ongoing shortage of skilled workers as well as strong cost and innovation pressures are pushing process optimization and productivity to the forefront. According to a report by Bain & Company, Industry 4.0 practices in the pharmaceutical segment have the potential to reduce manufacturing costs by up to 20% while improving product quality.
There is considerable potential for optimization in the manufacture and packaging of pharmaceutical products. A large proportion of work processes in production and laboratories are still based on paper-based documentation. The average effective operating time of pharmaceutical production machines is only around 35%. In addition, it takes more than three months on average to train new employees. Complex manual processes for operating the machines lead to a high susceptibility to errors.
With “OptiworX”, Goodly Innovations GmbH offers a state-of-the-art software solution that takes process management and quality in the biotech and pharmaceutical industry to a new level. OptiworX supports manual processes through augmented reality (AR) guidance. This transformative technology minimizes human error, ensures regulatory compliance to GMP standards and significantly improves operational safety. The use of OptiworX generates high added value for customers: increasing machine productivity by up to 50%, training new employees up to 90% faster and avoiding human error during machine changeovers.
The strategic acquirer of Goodly Innovations technology is a German-based biotechnology company that is integrating the OptiworX solution into its existing MES solution in order to optimize process control in development and production, among other things.
About Goodly Innovations
Goodly Innovations GmbH is a provider of highly innovative process guidance technology based in Munich. The OptiworX software offered is the leading solution for optimizing complex manual processes through augmented reality guidance (“Operator AR Guidance”)
About Quantum Partners
Quantum Partners GmbH, based in Munich, is a specialized M&A advisor for the sale and purchase of companies as well as for raising growth capital.