Professor Stefan Pischinger, chairman of the board and managing partner of FEV Group Holding, sat down with us for an interview to explain why FEV Consulting was founded, what distinguishes it and where he sees it in five years.
Prof. Stefan Pischinger, we would like to start by congratulating you on the fifth anniversary of FEV Consulting GmbH and thanking for agree to do this interview with us. What were the key reasons for founding FEV Consulting in 2011?
Prof. Pischinger: As a matter of fact, since its foundation in 1978, FEV has received regular requests for consulting services with regard to powertrain topics, especially in combustion engines, from clients in the automotive and engine industry. There were many successful projects here as well. However, the focus of FEV service provision was naturally on the applied research and engineering area, even in the early days; over the years, it has achieved considerable depth and breadth in this subject area, along with high market penetration. In doing so, market and strategy topics slipped into the background, which obviously doesn‘t mean that they are any less important to our clients. For many client requests, it even reaches the point where the combination of different services, meaning market assessments, strategy development, and engineering, makes the desired comprehensive statements possible and enables guiding decisions.
Were there other reasons?
Prof. Pischinger: Yes, of course. The aforementioned combination of classic consulting services and in-depth engineering know-how enables us to offer our clients both comprehensive and customized solutions. Furthermore, consulting services enable us to reach a considerably larger client base to which we can make our experience and expertise available; this often happens with our existing clients, as well as outside of the automotive and motor industries. Additionally, an agile, well-connected group of consultants with its own complementary service topics makes a positive contribution to padding the broad engineering portfolio of the FEV Group, enables access to other relevant contact persons at our client‘s offices, and perfectly rounds out the service portfolio. I would also like to take this opportunity to point out that, thanks to its independence and excellence, FEV Consulting is regularly in a position to also have a refreshingly positive and decisive impact within the FEV Group with our fresh impulses and innovative solutions.
Do you use FEV Consulting a lot within the Group?
Prof. Pischinger: On the contrary. FEV Consulting generates 95% of its turnover from external clients and, after five years, has its own large industrial client base. Of course, and this is absolutely intended, there are many client projects in which FEV Consulting and the engineering companies work shoulder-to-shoulder for our clients. I consider this economic independence combined with the extensive professional topical diversity to be very important, since it significantly contributes to the acceptance of FEV Consulting within the Group and makes it an attractive partner for strategy topics within the FEV Group.
Where should FEV Consulting be in another five years?
Prof. Pischinger: FEV Consulting has already achieved so much in its short life – it has been continuously growing since its foundation, discovering new subject areas for FEV, winning new clients, and economically successful. I would like to see FEV Consulting continue to firmly follow this path with the same enthusiasm, thus making an important contribution to the global growth of the FEV Group. In this context, I can easily imagine FEV Consulting increasing its worldwide presence through additional locations and strengthening its positive momentum.
Prof. Pischinger, thank you for this interview.