It might be German-designed, but it was manufactured in China. It doesn't sit even on the floor, although, after I loaded the rack with electric guitars it was better.
Not impressed with the pop-on/pop-off plastic neck holders. I popped one off and it cracked.
They provided a cheap screwdriver for assembly. I used it cautiosly. The screwdriver was made to look fancy, incorporating their "G" logo and trademark green stripe. All in all, it was just a bunch of marketing, centered around a theme of green rubber bands.