TroGroup – a success story
, Global Cash Management optimised – with Commerzbank expertise

Efficient restructuring of global cash management at TroGroup – with clear processes, increased transparency and optimised payment processing.

TroGroup GmbH, headquartered in Wels, Upper Austria, brings together the brands Trodat (stamp & marking solutions), Trotec (laser systems) and the high-tech laser source specialists Iradion and Luxinar. In 2024, TroGroup employed 1,900 people and generated 300 million euros in sales – 98.5 percent of these abroad. With more than 40 operating subsidiaries worldwide, one of TroGroup’s main challenges is managing cash transparently, efficiently and securely. This is where Commerzbank and our relationship management in Austria come in.

A singular success story
, How a global leader’s journey began at a kitchen stove

TroGroup founder Franz Just and his wife cook stamp inks on a kitchen stove in their home town of Vienna, filling them into glass bottles. Demand for their products is high, so he opens a small stamp manufacturing business in Vienna’s 18th district in 1912, even hiring an assistant and an apprentice. The company flourishes, and in the 1920s and 1930s the site has to relocate several times due to lack of space.  Even economically challenging times – World War II and its aftermath, Allied occupation and currency reform – cannot halt its growth. In 1947, the first stamp products are exported to Germany and Switzerland.

In 1951, the company relocates from Vienna to Wels, where its headquarters remain to this day.

The history of the Group’s second pillar, Trotec Laser GmbH, began in the 1990s, when Trodat was researching how to optimise the production of stamp text plates. Trotec is now a global leader in laser-based plotters for marking, cutting and engraving.

In 1960, his son Walter Just registers the Trodat brand name, combining Tro – short for Trolitul, a plastic once used in stamp production ‒ and dat, short for date stamp. This lays the foundation for what will become a global group. In 2001, with the establishment of the Chinese subsidiary, Trodat Marking Devices in Xiamen, the company takes its global approach to the next level. Today, Xiamen is one of the Group’s most important production and distribution sites. In the 1990s, the story of the Group’s second pillar, Trotec Laser GmbH, begins. It evolves from a Trodat research division dedicated to optimising the production of stamp text plates. Today, Trotec is a global leader in laser plotters for marking, cutting, and engraving.

In 2023, Iradion becomes TroGroup’s third division. With the acquisition of UK-based Luxinar Ltd, a leading manufacturer of laser sources headquartered in Hull, Iradion becomes the global market leader in ceramic-core CO₂ lasers.

The challenge
, Harmonising and consolidating a historically evolved banking and account structure

Like many companies that have been expanding strongly over a long period of time, TroGroup’s bank and account infrastructure eventually proved to be outdated. A lack of transparency and inefficiencies in cash management prompted the Group to reorganise its payment infrastructure.

The goal was to gradually establish a core bank structure, beginning in Central Europe. A request for proposal was issued with a clear focus on efficient liquidity management, unification of the banking landscape and an increased transparency across the entire payment landscape resulting from such a unifaction.

Commerzbank, a partner of TroGroup since 2020, submitted a proposal that met the Group’s expectations with its solutions.

The cash management project with Commerzbank was excellently structured and well coordinated. It was characterised by close personal collaboration and solid professional expertise. We particularly value the dedicated contact persons and the reliable, fast response times in our day-to-day operations.
Margarita Schlager-Weidinger and Michael Riedler

Corporate Treasury Manager and Group Director Corporate Treasury

A clear vote for Commerzbank
, Compelling cash management solutions

Key factors in selecting Commerzbank included:

  • Uniform pricing for major transaction types
  • Transparent and well-structured proposal
  • Swift and clear communication throughout the entire tender process (RfP)
  • Single-point-of-entry solutions via EBICS server in Frankfurt am Main, combined with Global Transaction & Routing Service
  • Clear commitment of Commerzbank to the Austrian Mittelstand sector, backed by long-standing market presence in Vienna and numerous reference customers and projects
  • Presentation of ideas for optimising existing payment flows, such as the use of currency accounts within a unified IBAN to minimise the risk of incorrect currency conversions.
The multi-award-winning excellence of Commerzbank in cash management and the long-standing regional presence with a branch in Vienna – this unique combination has also convinced TroGroup. It is a further confirmation of our clear positioning: We support Austrian corporates in their internationalisation and growth strategies as a strong partner with professional expertise and country-specific knowledge.
Martin Butollo

Country CEO Commerzbank Österreich Wien

A strong bank for strong corporate clients
, Commerzbank is now TroGroup’s core bank for cash management in Western Europe

Commerzbank won the tender for reorganising TroGroup’s payment infrastructure and is now the Group’s new core bank for cash management in Western Europe. This means that Commerzbank is responsible for:

Today, TroGroup GmbH is using fully automated cash pooling to efficiently manage the liquidity of its subsidiaries in Austria, Germany, France, Spain, Italy, Switzerland, the United Kingdom, Singapore and with non-resident accounts in Vienna for the USA, the Netherlands and Ireland.

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