Merger MEN merges with duagon
MEN Mikro Elektronik and duagon merge to form a provider of software and hardware solutions for data communications. The aim is to achieve a leading position as a manufacturer of secure computer and communication solutions for critical embedded applications.
The previous investor of MEN, HQ Equita, has decided to sell MEN Mikro Elektronik with its subsidiaries in China, France and the USA to Deutsche Beteiligungs AG (DBAG). duagon Holding was already a company in the DBAG portfolio.
The integration and further development of the new group will be accompanied by MEN founder Manfred Schmitz. He will retain his shares in MEN and will continue to be available to the company as a shareholder and as part of the Board of Directors of the new parent group.
The joint expertise of MEN and duagon will be used to develop new products and complete solutions. The focus will be on automatic safety systems and technological trends such as autonomous driving.
Dr. Markus Dilger, former CEO of duagon and future CEO of the Communication business unit, commented: "We are excited about the new perspectives opened up by the merger of MEN and duagon. For duagon, these include in particular access to MEN's hardware expertise, for example with regard to fail-safe standards, and to new sales markets such as aviation or the medical sector.
Bernd Härtlein, former CEO of MEN and future CEO of the Computing division, adds: "We look forward to working with duagon and are confident that this merger will create a market-leading company for complete hardware and software solutions in computing and communications for safety-critical markets.
Due to duagon's expertise, this will initially mean an even stronger focus on the rail market, but we need to continue to expand MEN's existing focus markets such as industrial automation, avionics or Power&Energy".