IAC Group (Industrial Acoustics Company) comprises five companies with locations in England, Denmark, Germany, Australia and China. As a globally operating manufacturer of industrial acoustics solutions, the group needs effective, centralised management and a clear strategic direction.
IAC Group, a global manufacturer in industrial acoustics, needed a central CFO function for strategic steering and global alignment. Nortos took on this role, overseeing reporting, risk management, project financing and representation on the Board of Directors. Centralised financial leadership saved 40% of the cost compared with an in-house full-time CFO, harmonised finance processes and improved transparency and risk monitoring. With this support, IAC can focus on local day-to-day operations while Nortos drives the global strategy.
group companies needing a global CFO function for strategic questions and group-wide administration.
in revenue, with an ambition to grow the core business by 10% per year.
“Nortos runs the entire global CFO office for IAC Group – including planning, controlling, risk management, M&A and other strategic projects – reliably and to the highest standard.”
Paul Godbold
Global CEO
IAC Group has local controllers in its international subsidiaries who handle day-to-day operations. What was missing, however, was strategic steering and a central finance function to set the global direction for the company's Chinese owners. A full-time in-house position for this central CFO role would have been far too expensive.
In a free initial consultation, we’ll show you how Nortos takes the load off your finance function – from reporting to strategic CFO support.
