February 6, 2018: Antoine Doutriaux appointed CEO of Wittur Group
Wiedenzhausen, February 6th, 2018 – The Wittur Group (ISIN: XS1188024548, XS1188025438) announced today that the Supervisory Board has successfully concluded its search for a new CEO of the company. As of March 1st, Antoine Doutriaux, who previously held leading positions at Valeo and Zodiac Aerospace, will succeed Gerrit Marx who stepped in as interim CEO in June 2017. This release contains the disclosure of information that previously constituted inside information.
Antoine Doutriaux has broad experience in various high-tech industries such as Railway, Defense, Automotive and Aerospace equipment. He joins with a strong track record in comprehensive strategy deployment as well as leading and transforming global organizations. In addition, he has proven capabilities in developing international businesses via acquisitions and streamlining of purpose-built organizations and processes.
Michael Siefke, Chairman of the Supervisory Board of the Wittur Group, said: “We want to welcome Antoine Doutriaux as the new CEO of the Wittur Group. His long-standing industry expertise as well as his strategic mind-set paired with an operational hands-on mentality makes Antoine and Wittur a perfect match. Together with our CFO Christoph Kaml, Antoine will be in the vanguard of Wittur going forward. By joining forces, they will be able to leverage the full potential of our Group and push forward Wittur’s growth agenda.”
Antoine Doutriaux commented: “I am very excited about my new role as the CEO of the Wittur Group. I look forward to the opportunity of leading the Wittur team as we navigate the opportunities and challenges ahead of us. Wittur is the leading global outsourcing partner for components, modules and systems for the elevator industry and one of the key players in the market. We will build on the hard work and objectives achieved in the past, will roll up our sleeves and proceed in the next phase of Wittur’s success story together as one team.”
Gerrit Marx, who has been responsible for the Wittur Group since Bain Capital first invested in the company almost three years ago, was seconded in June 2017 and temporarily released from his duties at BainCapital for the duration of his assignment with Wittur as interim CEO. He will now resume his work at BainCapital as Operating Partner.
Wittur’s next growth chapter also goes hand in hand with a change in the Group’s Supervisory Board. Franz-Josef Seidensticker, retired senior partner of the consulting firm Bain&Company and independent member of the Supervisory Board of Wittur since 2015, will take over the role as Chairman from Michael Siefke. Mr. Seidensticker specializes in the strategic restructuring and development of large international groups as well as programs for increasing company value and relies on a comprehensive expertise in various industries such as machine and systems engineering, high-tech, telecommunications, software and IT services sectors. Michael Siefke will continue as member of the Supervisory Board.
The Wittur Group remains fully committed to its strategy and its future expansion plans following the successful integration of Sematic. In the first nine months 2017 the Group recorded clear revenue and earnings growth. Consolidated revenues increased by 15.2% over the prior year period to EUR 588.2 million. Earnings before interest, taxes, depreciation and amortization before exceptional items (EBITDA Adjusted) of the Wittur Group rose by 11.0% to EUR 82.8 million (9M 2016: EUR 74.6 million). Management continues to expect that consolidated Wittur Group revenue and EBITDA Adjusted for 2017 will exceed 2016 combined pro forma Wittur Group levels (including Sematic from January 1st, 2016).
The Group will announce its results for the full year on March 28th, 2018.
Investor Relations Contact
Roman Istanbuli
Wittur Holding GmbH
Rohrbachstraße 26-30
85259 Wiedenzhausen | Germany
Phone: +49(81 34) 18 - 136
Mail: roman.istanbuli@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
Antoine Doutriaux has broad experience in various high-tech industries such as Railway, Defense, Automotive and Aerospace equipment. He joins with a strong track record in comprehensive strategy deployment as well as leading and transforming global organizations. In addition, he has proven capabilities in developing international businesses via acquisitions and streamlining of purpose-built organizations and processes.
Michael Siefke, Chairman of the Supervisory Board of the Wittur Group, said: “We want to welcome Antoine Doutriaux as the new CEO of the Wittur Group. His long-standing industry expertise as well as his strategic mind-set paired with an operational hands-on mentality makes Antoine and Wittur a perfect match. Together with our CFO Christoph Kaml, Antoine will be in the vanguard of Wittur going forward. By joining forces, they will be able to leverage the full potential of our Group and push forward Wittur’s growth agenda.”
Antoine Doutriaux commented: “I am very excited about my new role as the CEO of the Wittur Group. I look forward to the opportunity of leading the Wittur team as we navigate the opportunities and challenges ahead of us. Wittur is the leading global outsourcing partner for components, modules and systems for the elevator industry and one of the key players in the market. We will build on the hard work and objectives achieved in the past, will roll up our sleeves and proceed in the next phase of Wittur’s success story together as one team.”
Gerrit Marx, who has been responsible for the Wittur Group since Bain Capital first invested in the company almost three years ago, was seconded in June 2017 and temporarily released from his duties at BainCapital for the duration of his assignment with Wittur as interim CEO. He will now resume his work at BainCapital as Operating Partner.
Wittur’s next growth chapter also goes hand in hand with a change in the Group’s Supervisory Board. Franz-Josef Seidensticker, retired senior partner of the consulting firm Bain&Company and independent member of the Supervisory Board of Wittur since 2015, will take over the role as Chairman from Michael Siefke. Mr. Seidensticker specializes in the strategic restructuring and development of large international groups as well as programs for increasing company value and relies on a comprehensive expertise in various industries such as machine and systems engineering, high-tech, telecommunications, software and IT services sectors. Michael Siefke will continue as member of the Supervisory Board.
The Wittur Group remains fully committed to its strategy and its future expansion plans following the successful integration of Sematic. In the first nine months 2017 the Group recorded clear revenue and earnings growth. Consolidated revenues increased by 15.2% over the prior year period to EUR 588.2 million. Earnings before interest, taxes, depreciation and amortization before exceptional items (EBITDA Adjusted) of the Wittur Group rose by 11.0% to EUR 82.8 million (9M 2016: EUR 74.6 million). Management continues to expect that consolidated Wittur Group revenue and EBITDA Adjusted for 2017 will exceed 2016 combined pro forma Wittur Group levels (including Sematic from January 1st, 2016).
The Group will announce its results for the full year on March 28th, 2018.
Investor Relations Contact
Roman Istanbuli
Wittur Holding GmbH
Rohrbachstraße 26-30
85259 Wiedenzhausen | Germany
Phone: +49(81 34) 18 - 136
Mail: roman.istanbuli@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
自1977年来,威特就开始为电梯行业提供多功能、高品质的轿厢门。设计灵活,加上通过了一系列认证,使威特层门能够适应各种应用。有多种表面装饰和规格,因此能适合各种环境:从住宅到高档写字楼、从外部设施到豪华的水上项目、从工业建筑到医院。
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.
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.
创新的解决方案研究和严格的产品质量控制是威特安全部件的主要特色。产品系列包括不定向/双向同步和渐进式安全钳。也可提供上升轿厢超速保护装置。
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.
所有井道附件对于保证电梯的正常运行和使用寿命都是至关重要的。这正是威特提供以下各种附件的原因:
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.
