Equita Holding Secures Independence for MEN Mikro Elektronik
In the framework of a succession plan Equita Holding signed a purchase agreement on the acquisition of the majority of shares in MEN Mikro Elektronik on March 26, 2013. Manfred Schmitz – in his capacity as CEO and co-founder of the company – will reinvest major portions of his shares – under participation of further members of the management team.The transaction is scheduled for the end of April. In the framework of the transaction Udo Fuchs and Werner Witt, the two other founding members, will withdraw from operational business.
For over 30 years MEN Mikro Elektronik has designed and manufactured failure-safe computer boards and systems for safety-critical applications and extreme environmental conditions, in which the components are subject to shock, humidity, dust and extreme variations in temperature. With more than 250 employees MEN supplies computers for control, measurement, test and simulation for all kinds of embedded systems worldwide. This includes mobile and stationary applications in the focus markets for railway technology, commercial vehicles (buses, trucks, etc.), agricultural and construction machines and civil avionics as well as further mission-critical applications for automation, power and energy, mining, shipbuilding and medical engineering.
Hans Moock, Managing Director of Equita, sees MEN in the leading role on the served markets and underlines the growth potential of the company: It is our main goal to further expand the headquarters in Nuremberg, but also the subsidiaries in France and the USA, in order to make even more of the existing opportunities on the market and to keep satisfying the customers' needs on the international markets.
In Equita we have found a partner who does not only secure the autonomy of our company, which was founded in 1982, but will also support our successful growth process on a long-term basis. In general, our business structure will remain the same. We will continue serving and expanding the target markets transportation and industry with our core competencies and high-quality controls, Manfred Schmitz, who will be sole CEO after the transaction, confirms the future direction of MEN Mikro Elektronik.
Equita is an independent industrial holding company with no bank affiliations. Its headquarters are in Bad Homburg, Germany, and the company invests in successful medium-sized companies in Germany, Austria and Switzerland. Prerequisites for an investment are sound financial structures, a strong market position with a clear growth potential as well as a management that is willing and able to leverage this potential. Equita goes back to the business tradition of the Harald Quandt family and primarily supports internal and external growth of its associate companies.