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DGAP-News: CEWE Stiftung & Co. KGaA / Key word(s): Takeover
CEWE takes over system supplier for CEWE Photo Station
Oldenburg/Delmenhorst, May 30, 2022. CEWE Stiftung & Co. KGaA (SDAX, ISIN: DE 0005403901) has concluded a purchase agreement for Delmenhorst-based Hertz Systemtechnik GmbH as part of its succession plan. CEWE acquires with Hertz Systemtechnik GmbH a specialist for the development and production of POS terminal systems and its long-time partner and supplier for the CEWE Photo Station. "The acquisition of Hertz Systemtechnik GmbH is an excellent addition to our competence profile in the instant photo business at the point of sale. We are very pleased to further expand our market leadership in European photofinishing together with our colleagues from Hertz now within the CEWE Group," says Dr. Christian Friege, Chairman of the Board of Management of CEWE Stiftung & Co. KGaA. The founder and long-time main shareholder of Hertz Systemtechnik GmbH, Gerhard Richter: "I am very pleased to place my life's work in the hands of our long-time main customer and development partner. We appreciate CEWE as a solid and innovative partner. With this step to CEWE we remain a good home for all employees." Last year, the CEWE Photo Center, which was developed together with Hertz, won the prestigious TIPA World Award - one of the most respected awards for photo and imaging products - as the "Best Retail Finishing System Worldwide" for its intuitive, easy ordering and wide range of products. Both parties have agreed not to disclose the purchase price.
The CEWE apps are all available in the app stores: CEWE FOTOWELT, CEWE POSTCARD and other photo apps, and the CEWE Investor Relations App for iPads© or android tablets, with annual reports and quarterly reports, presentations and sustainability reports.
15.06.2022 2022 Annual General Meeting
From its beginnings in 1912, CEWE has progressed to become the leading photo service company for all those wanting to make more of their photos. This is mainly due to the much-awarded CEWE PHOTOBOOK, with more than six million books being sold each year. Customers can purchase other personalised photo products under the brand names of CEWE, WhiteWall and Cheerz – and from many leading retailers in Europe. They are inspired to produce a variety of creative designs from their personal photos in these brand environments, entrusting the company with more than 2 billion photos every year.
The CEWE Group has also set up a highly efficient production system for advertising prints and business prints for the online printing market, which is still a new market. Every year billions of high-quality printed products are delivered reliably to their purchasers through the SAXOPRINT, LASERLINE and viaprinto sales platforms.
The CEWE Group, through the founder family of Neumüller as an anchor shareholder, focuses on sustainable corporate management and has already received many awards for this effort: economically sustainable in the long term; cooperative and fair in dealings with customers, employees and suppliers; socially responsible and protective of the environment and resources. An example of this is the climate-neutral process used to produce all the CEWE brand-name products.
The CEWE Group has a staff of 4,000 employees and operates in 21 countries. CEWE is listed on the SDAX. More information is available at company.cewe.de.
30.05.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
CEWE Stiftung & Co. KGaA
+49 (0)441 40 4-1
+49 (0)441 40 4-42 1
Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
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