PM&M / Resources / Vocabulary :

Nachfolger

(successor[s]) is sometimes used as part of a company name and states a change of proprietors without changing the former proprietors business name. This form is used when the new proprietor did not stand in any family relationship with the former owner but wanted to keep the former name for marketing and/or legal reasons.

Releated terms are ⇒Erben (heirs) or ⇒Nachfahren (descendants).