Editorial Contact:
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Beth Smith or Christina Sanchez
Phone:
(215) 453-8700
E-mail:
publicrelations@simongroup.com
Reference # MEN-A-6039
Equita Holding Secures Independence for MEN Mikro Elektronik
Strategic direction set to strengthen MEN’s US presence and support structure
AMBLER, Pa. May 2013 –In the framework of a succession plan, Equita Holding
KGaA signed a purchase agreement to acquire the majority of shares in MEN Mikro
Elektronik GmbH 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.
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 failuresafe 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 of 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.
-more-
MEN-A-6039
Continued…
Hans Moock, Managing Director of Equita, sees MEN as the leader in these markets
and underlines the growth potential of the company: “It’s our main goal to further
expand the headquarters in Nuremberg, but also the subsidiaries in France and
especially the US to make even more of existing opportunities as well as to keep
satisfying the customers' needs in the international markets.”
“In Equita, we have found a partner who not only secures 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 of transportation
and industry with our core competencies and high-quality controls,” stated Manfred
Schmitz, who will be sole CEO after the transaction, in confirming the future direction
of MEN Mikro Elektronik.
More information on MEN Mikro Elektronik GmbH is available under www.menmicro.com.
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.
More information is available under www.equita.de
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MEN-A-6039
Continued…
For additional information, visit https://www.menmicro.com/corporate/about.html or
contact Stephen Cunha, MEN Micro Inc., 24 N. Main Street, Ambler, Pa. 19002;
Phone: 215-542-9575; Fax: 215-542-9577; E-mail: Stephen.Cunha@menmicro.com.
For full text:
http://www.simongroup.com/PressRoom/press-release.php?Job=MEN-A-6039
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READER SERVICE INQUIRIES: Please forward all reader service inquiries to
Stephen Cunha, MEN Micro Inc., 24 N. Main Street, Ambler, Pa. 19002; E-mail:
Stephen.Cunha@menmicro.com.
About MEN Micro Inc.
Since its inception, MEN Micro has focused on innovation, reliability and flexibility to
develop standard and custom embedded boards and systems that employ the
highest technology and innovations. The company provides a robust offering of
highly reliable embedded computing and I/O solutions widely used in extreme
environmental conditions found in industrial and safety-critical applications.
MEN Micro offers more than 100 standard embedded boards and systems based on
Intel and PowerPC with corresponding BIOS, BSP and driver software as well as a
host of custom solutions. In addition to CompactPCI, CompactPCI PlusIO,
CompactPCI Serial and VMEbus SBCs, the company’s products include DAL and
SIL certifiable safe computer assemblies; ESMexpress, ESMini and ESM ComputerOn-Modules; PMC, XMC and M-Modules as system-independent mezzanine I/O
standards; box and panel PCs; and network components, gateways and Ethernet
switches.
Starting with development, through design-in and beyond, MEN Micro provides its
customers with advice and support as well as environmental qualification services in
accordance with industry standards. MEN Micro is the US subsidiary of MEN Mikro
Elektronik in Germany, which has over 200 employees worldwide and is a member
of several industry associations, consortiums and alliances.
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