Michael Unmüssig had a stroke of luck when he sold his company, K + U Printware, back in 2012. The purchaser, the American Clover Group, was only interested in recycling printer cartridges. So the 45-year-old was able to keep the technological centerpiece of the company, a three-dimensional product identification device that it had developed itself.
He and his partner Thomas Schwarz recognized the technology’s potential, especially for the retail trade, and used it to develop their next successful venture, Findbox.
Their first product was simple, but effective: A customer just places a broken light-bulb or an empty printer cartridge under a scanner and enters some information via a touchscreen, and an LED light points to the shelf where the product can be found.
One of the company’s first clients was the major cash and carry chain Metro, which has now equipped its wholesale stores all over Germany with the technology, following a test phase. The system recently received a retail technology award by the EHI Retail Institute.