Harald Quandt Industriebeteiligungen
Harald Quandt Industriebeteiligungen acquires majority stake in procilon GROUP
Harald Quandt Industriebeteiligungen acquires majority stake in procilon GROUP Bad Homburg / Leipzig, 21 January 2019. At the end of December 2018, Harald Quandt Industriebeteiligungen GmbH (“HQIB”) has completed the acquisition of a majority stake in procilon GROUP (“procilon”). procilon offers its customers comprehensive software solutions for the secure digital communication, identification, and storage of sensitive information. Proprietary cryptographic software applications thereby form the core of procilon’s portfolio. The company’s founder Steffen Scholz will remain in the company as an active shareholder, having stepped away from day-to-day operations already a couple of years ago. The management team, consisting of Torsten Rienass and Juergen Vogler, remains unchanged. The parties have agreed not to disclose financial terms of the transaction. “Given the increasing number of cyber attacks on sensitive digital data, topics such as information security and data protection have become more relevant than ever. As a leading full-service provider in Germany, procilon is exceptionally well positioned to benefit from this trend. The current harmonisation of the European regulation unlocks further interesting growth potential,” says Gregor Harald May, Managing Partner of HQIB. “Together with the existing first-rate management team and founder Steffen Scholz, we intend to accelerate procilon’s growth by continuously implementing the successful business strategy and investing in complementary technologies, both organically and through platform-enhancing acquisitions.” “With HQIB, procilon will take the next step in its success story,” says Steffen Scholz, founder of procilon GROUP. “Together, we aim to successfully enhance our core business with focus on the public sector as well as municipal utilities, energy suppliers, and professional associations. Beyond this, we see attractive growth opportunities in new industrial applications and European countries outside of Germany. I am convinced that procilon will benefit from HQIB’s entrepreneurial and long-term investment approach and the industrial network of the Harald Quandt family. I look forward to working with HQIB as shareholder to jointly develop the company into a European industry leader for digital information security.” About procilon GROUP About Harald Quandt Industriebeteiligungen Contact procilon GROUP End of Media Release Issuer: Harald Quandt Industriebeteiligungen
21.01.2019 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG. |