Dow Jones received a payment from EQS/DGAP to publish this press release.
DGAP-Media / 2019-01-21 / 09:00
Harald Quandt Industriebeteiligungen acquires majority stake in procilon
GROUP
* Harald Quandt family's investment firm acquires majority stake in a
leading German provider of information security and data protection
solutions
* Company founder Steffen Scholz remains co-shareholder; no changes to the
management team
* Long-term partnership to pursue growth and internationalisation
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*
Founded in 2001 and headquartered in Leipzig with subsidiaries in Berlin and
Dortmund, procilon GROUP advises its clients on all matters relating to
information security and data protection. The company is a leading
full-service provider of cryptographic software and offers a modular product
portfolio for the secure digital communication, identification and storage
of data. More than 1,400 companies, organisations and authorities currently
trust the solutions of procilon as a reliable provider of 'IT security made
in Germany' that meets the highest certified security standards. For more
information: www.procilon.de.
*About Harald Quandt Industriebeteiligungen *
Harald Quandt Industriebeteiligungen GmbH is the principal investment firm
of the family Harald Quandt joined by a small, select number of (industrial)
families and partners. HQIB invests in small and medium sized companies
within the German-speaking region that are leading in established and
technologically sophisticated market niches with attractive growth
potential. As an industrial holding company, HQIB pursues a long-term,
sustainable investment approach and is not subject to any time restrictions
or limited investment periods. Further information can be found at
www.hq-ib.com.
*Contact*
Harald Quandt Industriebeteiligungen GmbH
Christian Kaufmann
Principal
Am Pilgerrain 17 | D-61352 Bad Homburg v.d. Höhe
M +49 151 216 555 46
ck@hq-ib.com | www.hq-ib.com
procilon GROUP
Andreas Liefeith
Leiter Marketing & Unternehmenskommunikation
Leipziger Straße 110 | D-04425 Taucha bei Leipzig
T +49 34298 4878 10
presse@procilon.de | www.procilon.de
End of Media Release
Issuer: Harald Quandt Industriebeteiligungen
2019-01-21 Dissemination of a Press Release, transmitted by DGAP - a service
of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
767729 2019-01-21
(END) Dow Jones Newswires
January 21, 2019 03:00 ET (08:00 GMT)
