
Entrepreneur Prof. Klaus Fischers 75th Birthday
Only those who focus on the future will be successful Bengaluru, Karnataka, India (NewsVoir) On 17 August 2025, the owner of the fischer Group of Companies celebrates his 75th birthday. This year, he also celebrates 50 years of service and 45 years as General Manager – impressive milestones for a consistently future-oriented entrepreneur. His principle: 'Only those who focus on the future will be successful.' Prof. Fischer is demanding and always ahead of his time. 50 years ago, at the age of 25, he joined the company as a graduate engineer (FH) and took over the test field. At that time, the company had around 1,000 employees and generated sales of 102 million German marks (approximately 51 million euros). Today, 4,700 people worldwide are part of the family-owned company with an annual turnover of over 1.11 billion euros in 2024.
Prof. Fischer soon became part of the management team. In 1980, he took over overall responsibility and developed his own vision. He took into account social changes, growing global competition and internal complexity while customer proximity, spirit of innovation and sustainable service have always played a central role.
New products are now being developed worldwide. Research and development are also becoming increasingly international. 'Acting entrepreneurially, focusing on the customers and leading the company strategically into the future together with our employees – that was and is my goal,' explains Prof. Fischer.
Strategic expansion of the company divisions Prof. Fischer continuously expanded the fixing systems division. In 1993, the acquisition of Upat GmbH & Co. KG in Emmendingen (then Germany's second-largest plug manufacturer) secured his market leadership. In addition to plastic plugs, heavy-duty metal fastenings gained in importance. The integration of ROCCA Bauchemie GmbH & Co. KG (foams and silicones) in 1997 created today's successful chemical division in Denzlingen. Further expansion of the chemical division is imminent. This will further strengthen the fischer fastening technology in the long term whilst becoming aligned with the future of construction.
fischer mission statement and fischer ProcessSystem Prof. Klaus Fischer's understanding of progress is holistic. It was already in 1987 that he introduced a company mission statement. The values 'innovative', 'reliable' and 'accountable' were developed together with the employees and still apply to everyone in the company today. The group works worldwide in a results-oriented manner for the benefit of its customers. This is also achieved by avoiding waste and increasing added value. The fischer Process System was developed from the mission statement and the Japanese philosophy of KAIZEN, which stands for continuous change for the better.
Employees play a central role in this: with their experience, they recognise weak spots and know how the company can be improved. They are thus entrepreneurs within the company, take responsibility and initiate improvements on a daily basis. Mistakes are allowed, as long as they are not made twice. 'We strive to be the best, not only in our products but also in our processes – in order to create real added value for our customers.' In 2004, fischer Consulting was created from the expertise developed within the company. The internationally active process consultancy supports internal and external customers on their way to lean and efficient processes.
Fibre composite pioneer fisco The subsidiary fisco was founded in 2015. Among other things, the fibre composite pioneer is the first company in the world to develop a non-combustible fibre composite material that is ideal for structural retrofitting. With its versatile products and solutions, fisco is represented in the construction industry, railway infrastructure, shipbuilding and vehicle equipment.
One year later, in 2016, Klaus Fischer strengthened the fischer Group of Companies' activities in the field of electronic components with the acquisition of LNT Automation GmbH. The division, in the meantime renamed fischer Electronic Solutions, develops and manufactures customised electronic solutions for industry and medicine.
Inspiring young and old alike for technology – with fischertechnik Over the past decades, the fischertechnik division has undergone continuous development. The multi-award-winning construction kits stand for quality, durability and a playful learning experience. Prof. Fischer is particularly keen to inspire young people – especially girls – to take an interest in technology at an early age. fischertechnik learning concepts are used in schools, colleges and universities – for example in training in the MINT subjects (mathematics, information technology, natural sciences and technology) or Industry 4.0. Today, fischertechnik is represented in over 60 countries worldwide.
Investments in education and health 'The greatest asset and most important factor for success in our company are the employees – not the facilities and buildings,' emphasises Prof. Fischer. Success depends largely on motivation and qualifications. That is why Prof. Fischer and his company invest heavily in training and further education. There are various talent pools. The Klaus Fischer Education Centre, the company's own training facility, has held around 1,000 free events on various topics since it was founded in 2010. In addition, all employees and pensioners have free access to the company's own fitness studio seven days a week at the company's Waldachtal site.
Professional sustainability Sustainability is a particularly important issue for Prof. Fischer. It is managed holistically within the company, resulting in lean processes, speed and efficiency. The company passes on its knowledge and experience through the fischer Sustainability Campus and trains future sustainability managers. The company has received the German Sustainability Award in the 'Large Companies' category and numerous other awards for its commitment to sustainability.
Prof. Klaus Fischer's commitment extends far beyond the company: in 2015, he established the Klaus Fischer Foundation for Children and Youth Education. Numerous institutions – kindergartens, schools, associations – benefit from his donations, as do international projects. He has also received numerous awards for this work: in 1996, he was awarded the Baden-Württemberg Business Medal; in 1998, he received the Training Oscar from the Junior Chamber; in 2001, he was awarded the Cross of Merit, 1st Class; and in 2013, he received the Grashof Medal from the Association of German Engineers, VDI. He has also been made an honorary professor at Tongji University in Shanghai and an honorary senator in Vienna and Stuttgart. In 2016, he received the Global DIY Lifetime Award, and in 2020, the title 'Host of the Year' for the company restaurant in Waldachtal. This was followed in 2021 by the title of Dottore Magistrale ad honorem from the University of Padua and, in 2024, the title of Dr.-Ing. E. h. from the University of Stuttgart.
Looking ahead Prof. Klaus Fischer has a clear vision for the future of his company. 'It is very important to me that we focus on tomorrow and the day after tomorrow and prepare our company for the future,' he says. Artificial intelligence, digitalisation and robotics have long been part of the fischer Group of Companies. The best example of this is the fischer BauBot construction robot. Already since 2020, the fischer Innovation Campus, located in the immediate vicinity of the company's Tumlingen site, has been opening up new avenues for research, technology and collaboration. The family-owned company has 50 operating companies worldwide and exports to over 120 countries. The establishment of the 51st company in Saudi Arabia is imminent. More will follow. Thus, Prof. Klaus Fischer is continuing to expand the company's internationalisation.
And what are Prof. Klaus Fischer's wishes for the coming years? 'To stay healthy! And that what we all started together in our company will be continued – with strength, enthusiasm and the same passion for the company that I have felt all these years.' (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR
(This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments
First Published:
August 16, 2025, 16:30 IST
News agency-feeds Entrepreneur Prof. Klaus Fischers 75th Birthday
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Mint
2 hours ago
- Mint
Asahi Life Raises Japan Government Bond Holdings on Rates Lure
Asahi Mutual Life Insurance Co. has diverted some of its 2025 investment outlay to domestic notes from foreign bonds as Japan's interest rates rise to attractive levels. The insurer has raised its exposure to Japanese domestic bonds by ¥50 billion in the current fiscal year, Nobuaki Uchimura, head of asset allocation and planning department, said in an interview on Aug. 20. It originally intended to reduce yen bond holdings by ¥45 billion. 'Yen bond yields are at a level that offers some appeal, including for ultra-long-term bonds, and there is a possibility of further increases due to concerns over the Bank of Japan's normalization of monetary policy and fiscal policy,' said Uchimura. He added that if yields rise further in the second half of the financial year, the company will consider shifting funds from foreign bonds to yen-denominated debt. A weak Japanese 20-year sovereign bond auction on Aug. 19 triggered a broader selloff in the market, pushing up yields across the board with marked moves seen in longer tenors. In addition to expectations that the BOJ will hike rates by year-end, the risk is also growing that the government will issue more bonds to fund fiscal expansion. Although many life insurance companies are refraining from aggressive government bond purchases as regulatory compliance-related buying has run its course, some are taking advantage of the recent climb in yields to increase their holdings. Asahi Mutual expects the BOJ to raise interest rates again as early as October, and the US to resume lowering interest rates in September, with two reductions likely by the end of the year, said Uchimura. Swap markets show the chance of a US rate cut in September is hovering around the mid-80% range. The probability of a BOJ rate increase by October is in the mid-40% range, with a probability of over 70% for a hike by the end of the year. Although the BOJ's review of its pace of government bond purchases and the Finance Ministry's issuance reduction have 'calmed the situation somewhat, uncertainty regarding the supply and demand for ultra-long-term bonds remains,' Uchimura said. This article was generated from an automated news agency feed without modifications to text.


Time of India
3 hours ago
- Time of India
Japan's SoftBank to take $2 billion stake in computer chip maker Intel
Japanese technology giant SoftBank Group plans to take a $2 billion stake in computer chip maker Intel as it deepens its involvement in U.S. semiconductor manufacturing and other advanced technology in the United States, the companies said Monday. Shares in both companies fell Tuesday after the announcement, which coincided with unconfirmed reports that President Donald Trump is considering having the U.S. government buy a stake in the chip maker. SoftBank invests in an array of companies that it sees as holding long-term potential. It has been stepping up investments in the United States since Trump returned to the White House. In February, its chairman Masayoshi Son joined Trump, Sam Altman of OpenAI and Larry Ellison of Oracle in announcing a major investment of up to $500 billion in a project to develop artificial intelligence called Stargate. SoftBank plans to buy $2 billion of Intel's common stock, paying $23 per share. "Semiconductors are the foundation of every industry, Son said in a statement. "This strategic investment reflects our belief that advanced semiconductor manufacturing and supply will further expand in the United States, with Intel playing a critical role." Intel helped launch Silicon Valley but has fallen behind rivals like Nvidia Corp. and Advanced Micro Devices Inc. and is shedding thousands of workers and slashing costs under its new CEO, Lip-Bu Tan. Intel plans to end the year with 75,000 "core" workers excluding subsidiaries, through layoffs and attrition, down from 99,500 core employees at the end of 2024. The company previously announced a 15% workforce reduction. Trump recently said Tan, who was made CEO in March, should resign but after meeting with him last week said he had an "amazing story." SoftBank's shares were down 2.2% Tuesday in Tokyo, while Intel's dropped 3.7% on Monday in New York.


Time of India
4 hours ago
- Time of India
US trade war hits gamers; Sony raises PS5 prices amid global tariff fallout
Donald Trump 's sweeping tariffs on imported goods are rippling across the global economy, affecting industries from electronics to automobiles, and now, the video game sector is feeling the impact. Sony Interactive Entertainment has announced a $50 price increase for all PlayStation 5 models sold in the United States, effective August 21, 2025, marking the first major US price hike for the console. Similar increases were implemented in Europe earlier this year, highlighting how trade policies are translating into higher costs for consumers worldwide. Under the new pricing, the standard PS5 will cost $549.99 (up from $499.99), the PS5 Digital Edition will rise to $499.99 (from $449.99), and the PS5 Pro will be priced at $749.99 (from $699.99). Accessories for the consoles will remain at current prices. The price hike comes amid ongoing economic pressures linked to tariffs imposed by the Trump administration, which began earlier this month on imported electronics, including Japanese-made products. Industry analysts estimate that these tariffs could cost Sony roughly $685 million annually. Sony cited the 'challenging economic environment' as the primary reason for the adjustment, reflecting a broader trend across the video game industry. Microsoft increased prices for its Xbox consoles and accessories in May 2025, while Nintendo raised prices for its Switch consoles in the US earlier this month, citing market conditions. Live Events Economists warn that if trade tensions continue, particularly with China, other consumer electronics may also see further price increases in the coming months. Gamers are advised to consider these developments when planning future hardware purchases.