June 2, 2017: CEO Patrik Wohlhauser to leave Wittur Group
Wiedenzhausen, June 2nd, 2017 – The Wittur Group (ISIN: XS1188024548, XS1188025438) announced today that the Supervisory Board and CEO Patrik Wohlhauser have mutually agreed to terminate their cooperation. Gerrit Marx, an Operating Partner at Bain Capital who has been responsible for the Wittur Group since Bain Capital first invested in the company more than two years ago, will assume Patrik Wohlhauser’s responsibilities as interim CEO with immediate effect. This will give the Supervisory Board sufficient time to find the best possible candidate for the CEO position.
Gerrit Marx has been seconded and temporarily released from his duties at Bain Capital for the duration of his assignment with Wittur. Having held various leading positions at Volkswagen and Daimler Trucks prior to joining Bain Capital, Gerrit Marx can draw on a wealth of management experience combined with in-depth expertise in the elevator industry and knowledge of the Wittur Group’s main multinational customers.
The Wittur Group remains fully committed to its strategy and its future expansion plans following the successful integration of Sematic.
Investor Relations Contact
Yara Kes
Wittur Holding GmbH
Rohrbachstraße 26-30
85259 Wiedenzhausen | Germany
Phone: +49(81 34) 18 - 173
Mail: yara.kes@wittur.com
About the Wittur Group
Founded in 1968, Wittur is one of the world’s leading independent elevator components manufacturers with an extensive global manufacturing footprint and sales network and a broad range of products. Its product offering features a large range of components for new elevator manufacturing and sourcing, for spare parts and for modernization and upgrades. Components made by Wittur span from sophisticated mechatronic components for elevator cabin and landing doors (including the associated opening mechanisms) to other critical components such as gearless drives, slings, safety gears and cars.
In 2016, Wittur further expanded its global reach and its portfolio with the acquisition of the Sematic Group. Sematic S.p.A. and its subsidiaries, an Italian group founded in 1959, added a complementary product offering including complete elevator solutions, highly customised doors, electronic components and cabins. Installation of elevators and maintenance services are not part of the business. The Wittur Group has a work force of around 4,400 employees and conducts business in more than 50 countries. It is majority owned by funds managed by Bain Capital.
For more information on the company, please visit www.wittur.com.
Gerrit Marx has been seconded and temporarily released from his duties at Bain Capital for the duration of his assignment with Wittur. Having held various leading positions at Volkswagen and Daimler Trucks prior to joining Bain Capital, Gerrit Marx can draw on a wealth of management experience combined with in-depth expertise in the elevator industry and knowledge of the Wittur Group’s main multinational customers.
The Wittur Group remains fully committed to its strategy and its future expansion plans following the successful integration of Sematic.
Investor Relations Contact
Yara Kes
Wittur Holding GmbH
Rohrbachstraße 26-30
85259 Wiedenzhausen | Germany
Phone: +49(81 34) 18 - 173
Mail: yara.kes@wittur.com
About the Wittur Group
Founded in 1968, Wittur is one of the world’s leading independent elevator components manufacturers with an extensive global manufacturing footprint and sales network and a broad range of products. Its product offering features a large range of components for new elevator manufacturing and sourcing, for spare parts and for modernization and upgrades. Components made by Wittur span from sophisticated mechatronic components for elevator cabin and landing doors (including the associated opening mechanisms) to other critical components such as gearless drives, slings, safety gears and cars.
In 2016, Wittur further expanded its global reach and its portfolio with the acquisition of the Sematic Group. Sematic S.p.A. and its subsidiaries, an Italian group founded in 1959, added a complementary product offering including complete elevator solutions, highly customised doors, electronic components and cabins. Installation of elevators and maintenance services are not part of the business. The Wittur Group has a work force of around 4,400 employees and conducts business in more than 50 countries. It is majority owned by funds managed by Bain Capital.
For more information on the company, please visit www.wittur.com.
Since 1977 Wittur supplies the lift industry with versatile and high-quality doors.
Since 1977 Wittur has been providing the lift industry with versatile and high-quality doors. More than 30 years later Wittur is the leading company in the lift doors segment, with state-of-the-art technical solutions and unparalleled product range. Regardless of whatever your lift requires - a round door with panoramic panels rather than a straight or a folding one - Wittur can supply the best solution for your needs.
Research for innovative solutions and rigid control of product quality are key features of Wittur Safeties.
Wittur offers a wide range of car and counterweight frames. Modularly conceived, these components are very flexible in terms of rated load, height and width. The wide range of accessories includes safety gears, suspension pulleys, compensation chain and travelling cable hangers, allowing configurations suitable for different shaft layouts, lift designs and rated speeds. Wittur can also supply special frames for tailored projects.
Research for innovative solutions and rigid product quality control are key features of Wittur Safeties.
According to EN81-1/2 A3 and EN81-21 A1 (new lifts in existing buildings), new lifts installed after January 1st 2012 must be equipped with a system to prevent a car moving away from the floor with the landing door not in the locked position and the car door not in the closed position.
Since 1977 Wittur supplies the lift industry with versatile and high-quality doors.
Since 1977 Wittur supplies the lift industry with versatile and high-quality doors.
Since 1977 Wittur supplies the lift industry with versatile and high-quality doors.