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Old 05-11-2017, 11:44 AM   #1 (permalink)
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JK has new owners

Windhagen/Munich, 11. May 2017
VTC Industriebeteiligungen GmbH & Co. KG ("VTC") from Munich acquires 100% of shares from JK-Holding GmbH ("JK"), Windhagen, from founding family Walter Kratz. In the last 30 years the family led the company to be-come the global leader in the sunbed industry. The transaction´s execution is subject to clearance by the authorities.
JK develops and distributes devices under the brand names "Ergoline", "BeautyAngel","SunAngel", "Wellsystem" and "Virobuster". The fields of appli-cation include from cosmetic tanning to natural collagen production, treat-ment of vitamin deficiencies, skin disorders to relief of orthopaedic conditions with UV, near infrared devices and massage systems as well as air hygiene systems.
The JK-Group has active subsidiaries in France, Great Britain, the Nether-lands, Switzerland, Canada and USA. As an innovative leader JK successively extended its market leadership. With 335 employees the corporate group generated a turnover of 100 million Euro in 2016.
"JK is an excellent complement to VTC", Stefan Leuze is delighted to say, Managing Director of VTC. "As a global leader with strong brands and an ex-perienced management JK is excellently positioned in its core business. VTC will invest in strengthening the core business further and additionally expects growth impulses from the fast growing fitness and beauty market. "
"With VTC JK has found a long-term oriented and capitally strong partner, who can support JK in its further growth", adds Walter Kratz, Founder of the JK-Group.
"As a lighting specialist with VTC as our shareholder we are now able to effi-ciently organise our ambitious plans within the JK-Group in order to success-fully implement our long-term growth-oriented strategy", says Herman Nan-ninga, CEO of the JK-Group.
"I am looking forward to the new cooperation. It allows us a high pace of in-novation as a market leader to develop new business fields", says Mr. Jens-Uwe Reimers, CSO of the JK-Group.
About VTC:
VTC Industriebeteiligungen GmbH & Co. KG is a dynamically growing invest-ment enterprise based in Munich. VTC invests exclusively with its own funds and in addition to the acquisition of new investments aims to support the fur-ther development of their group companies. With 5.300 employees VTC cur-rently generates an annual turnover of 750 million Euro. www.vtc.de
Attached Files
File Type: pdf JK Press Release_EN.pdf (66.5 KB, 10 views)
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Old 05-12-2017, 05:53 PM   #2 (permalink)
 
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Re: JK has new owners

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