Advantages of Business Succession in Saarland
Even in the smallest German state (excluding the city-states), many companies are facing a generational change and need to plan their succession. The good chances of a successful business transaction come down to various advantages, such as:
Geographic location: Saarland is centrally located at the tri-border area of Germany, France, and Luxembourg. That creates good opportunities for international business relationships, trade, and exports.
Research: Saarland is known for renowned universities and research institutions such as Saarland University and the Max Planck Institute for Informatics. Scientists there work at the cutting edge, especially in information technology and nanotechnology. A successful succession can benefit from working with these institutions.
Qualified skilled workers: Saarland has a high density of qualified skilled workers, particularly in engineering, computer science, and the life sciences. Through exchange with educational institutions in nearby France, companies can also benefit from French talent.
Low costs: Compared to other regions of Germany, rent and labor costs in Saarland are relatively low. A successful succession can use these lower costs as a solid foundation for the business to survive.