MEN's previous investor, HQ Equita, has decided to sell MEN Mikro Elektronik with its subsidiaries in China, France and the USA to Deutsche Beteiligungs AG (DBAG) in the course of the merger; duagon Holding was already a DBAG portfolio company.
The integration and subsequent development of the newly created group will be overseen by MEN founder Manfred Schmitz. He will retain his shares in MEN and remain involved with the company as a shareholder and as a member of the new group's Board of Directors.
With the combined expertise of MEN and duagon, new products and complete solutions will be developed. The focus is on automated safety systems and technological trends, such as autonomous driving.
Dr. Markus Dilger, former CEO of duagon and future CEO of the communications unit, commented: "We are very excited about the new opportunities that the merger of MEN and duagon opens up for both companies. For duagon, these include access to MEN's hardware, expertise in areas such as reliability standards, and entry into new markets such as aerospace and medical.".
Bernd Härtlein, former CEO of MEN and future CEO of the Computing unit, adds: “We look forward to working with duagon and are confident that this merger will create a market-leading company for complete software and hardware computing and communications solutions for security in critical markets. With duagon’s expertise, this will initially mean an even stronger focus on the rail market, but it is important for us to continue expanding MEN’s existing markets such as industrial automation, avionics, and power and energy.”.
