The general meeting of NEEF IT Solutions AG in Karlsruhe has agreed to the sale of virtually all its assets to the euromicron Group from Frankfurt as part of an asset deal. As a result, a purchase agreement dated July 8, 2008, that had to be ratified by the general meeting will become effective.
BAVARIA Industriekapital AG, which is headquartered in Munich, took over the Karlsruhe-based provider of secure IT solutions in September 2004. The company was in a difficult economic situation at the time. The reconstruction specialist BAVARIA Industriekapital turned Neef IT Solutions AG around a little later. “With the great support and motivation of the workforce, the company starting making a profit again in the first year of the takeover,” says Reimar Scholz, founder and CEO of BAVARIA Industriekapital AG.
Neef IT Solutions AG operates in the fields of network technology, client/server systems and IT security and offers a full range of services relating to IT infrastructure and IT security. The customers of the company, which employs 42 people, now include above all largish medium-sized enterprises from Southwest Germany .
The purchaser is euromicron solutions GmbH, Mainz, a euromicron AG company that develops and markets components and solutions for communications systems and security networks. Above all, the company will expand its expertise in the fields of IT security with the acquisition of Neef IT Solutions.
About BAVARIA Industriekapital
BAVARIA Industriekapital AG is an industrial holding that acquires weak-earning companies throughout Europe. It secures the long-term success of the companies it takes over by means of active restructuring and turnaround management. The extensive experience and know-how of its employees enable BAVARIA Industriekapital AG to return even companies in difficult industries back to profitability. BAVARIA Industriekapital AG was founded in 2003 by Reimar Scholz and since 2006 has been listed on the Entry Standard All Share Index of Deutsche Börse. BAVARIA Industrieholding AG currently has interests in ten companies and employs a total of around 3,000 people. It generated consolidated sales of €410 million in 2007. BAVARIA Industriekapital’s net profit for the year was €23 million.
You can find more information on BAVARIA Industriekapital at www.baikap.de.
About euromicron AG
euromicron AG is one of the leading solution providers of communications systems and security networks and boasts production expertise in the field of fiber optics technology. Its portfolio comprises planning, implementing and maintaining communications and security networks, as well as developing, producing and distributing network components based on copper, fiber optic and wireless technology. In fiscal 2007 the company generated sales of around €136 million and a consolidated EBIT of €12 million..