GERMANY: HQ Equita is to sell its stake in safety critical computing technology supplier MEN Mikro Elektronik to Deutsche Beteiligungs, whch will merge the business with Duagon Holding AG. MEN founder Manfred Schmitz will retain his shares and be a member of the board of the new group.
‘We are confident that this merger will create a market-leading company for complete computing and communication hardware and software solutions for safety-critical markets’, said Bernd Härtlein, former CEO of MEN and future CEO of the Computing business unit. ‘With Duagon's expertise, this will initially mean an even stronger focus on the rail market, but it is important to us to continue expanding MEN’s existing focus markets such as industrial automation, avionics or power and energy’.