Expansion

Start of the expansion strategy

Jürgen Mossakowski, 1992-2016 Managing Director of CHG and CEO of CHG-MERIDIAN AG.
Jürgen Mossakowski, 1992-2016 Managing Director of CHG and CEO of CHG-MERIDIAN AG.

1992 was a year of major change for CHG Computer Leasing- und Handelsgesellschaft mbH. The company founder Jürgen Gelf began to step back from his leading role, handing over the reins to Jürgen Mossakowski. An auditor by profession, Mossakowski restructured the company, changed its name to CHG Computer Leasing GmbH, and spent the next few years focusing on increasing revenue and on growth by acquisition. He was assisted in this by Peter Horne, who was appointed as a second director in 1995.

Peter Horne 1995-2014 Managing Director and board member of CHG-MERIDIAN.
Peter Horne 1995-2014 Managing Director and board member of CHG-MERIDIAN.

IVG GmbH in Munich was CHG's first successful acquisition, in 1993. In 1994 it was joined by Wiesbaden-based FMG‑MERIDIAN, which operated mainly in northern Germany. This made it the ideal complement for CHG, whose activities were still largely rooted in the south of the country. The two companies merged to become CHG‑MERIDIAN, and in 1997 the new company became a stock corporation. Further acquisitions followed: CICS in Karlsruhe in 1996, CSC Leasing in Munich and CTL Computer Trade & Leasing. CHG‑MERIDIAN thus became one of the largest IT financing companies in Germany.

Logo of CHG-MERIDIAN AG 1999.
Logo of CHG-MERIDIAN AG 1999.

International expansion

Locations of CHG in 2001.
Locations of CHG in 2001.

At the start of the new millennium, Jürgen Mossakowski and Peter Horne set the company's sights on international growth. The first step was to set up local subsidiaries in the UK and Austria. By purchasing the European leasing business of US company El Camino Resources,
CHG-MERIDIAN Deutsche Computer Leasing AG acquired further subsidiaries in Ireland, France, Belgium, and the Netherlands, giving the company a presence in seven countries by the end of 2001.

By 2004, subsidiaries in Switzerland, Italy, Spain, Russia, and Poland had been added. New subsidiaries in the Czech Republic, Slovenia, and Slovakia followed over the next few years. In 2009 CHG-MERIDIAN also took over El Camino Resources in the USA and Canada, and bought a 50 percent stake in the Mexican subsidiary. Its acquisition of ACENTO AS in 2014 also gave CHG‑MERIDIAN a foothold in Scandinavia with sites in Denmark, Norway, Sweden, and Finland.

Extension of company headquarters

Start of construction of the company headquarters in Weingarten 2001.
Start of construction of the company headquarters in Weingarten 2001.

Today, CHG-MERIDIAN AG, as the company has been known since 2012, maintains an international presence at 36 locations in 23 countries. CHG-MERIDIAN is still focused on increasing the depth of its service provision in the local subsidiaries and increasing its volume of leases originated. One outward sign of this steady growth is the company's headquarters, which the company moved into in 2003 and was designed to accommodate a workforce of around 270.

Management Board CHG-MERIDIAN
Management Board CHG-MERIDIAN

In May 2016 an extension with another 250 workspaces was opened. The modern architecture symbolizes the transparency and dynamism of CHG‑MERIDIAN. Today there are four members on the Management Board: Oliver Schorer, Joachim Schulz, Frank Kottmann, and Dr. Mathias Wagner. 

Organizational and personnel changes to the Supervisory Board and Board of Management have been carried out with effect from the beginning of 2017. After more than 18 years as Chairman of the Board of Management, Jürgen Mossakowski has joined the Supervisory Board. He has been succeeded by Dr. Mathias Wagner, previously the Board of Management member responsible for international sales. All global sales activities have been brought together under Board of Management member Frank Kottmann. Oliver Schorer has taken over the newly created IT and Services remit and Joachim Schulz remains responsible for Finance.

Read more about the beginnings of CHG-MERIDIAN here