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Tognum has a new major shareholder
Daimler AG acquires equity interest in Tognum from EQT Friedrichshafen.
Tognum AG has been informed by the private equity group EQT that it has sold its remaining approximately 22% stake in Tognum AG – which it held through the company Seeker Rekees S.à r.l. – to Daimler AG. Daimler’s Supervisory Board today approved the acquisition of this shareholding. Furthermore, Daimler AG has informed us that it intends to acquire a blocking minority (25% plus one share) in Tognum AG. The entire transaction is subject to the approval of antitrust and other authorities.
Tognum’s Board of Management welcomes this decision of Daimler and EQT. CEO Volker Heuer says, “We are delighted that Daimler AG fully supports Tognum’s growth strategy – as a reliable business associate and now also as a strategic investor.
EQT was the optimal partner for the implementation of our corporate strategy focused on profitable growth and today’s independence. Less than one year after the initial public offering, the previously open question of what would happen to EQT’s remaining stake has been successfully resolved. With Daimler as a strategic anchor investor, the independence of the company that was achieved through the IPO has now been secured long term in the interests of our customers and shareholders.”
