As of January 1, 2011 Simplex Capital Asia Ltd. has acquired 100% of the shares of Künkel-Wagner Prozesstechnologie GmbH. The acquisition includes the investments in India and Switzerland. As part of the transaction, the former owner Mr. Günter Voß has withdrawn from all operational responsibilities and Mr. Georg Blinn and Mr. Wayne Wan have been appointed as Managing Directors of Künkel-Wagner Prozesstechnologie GmbH.
Simplex Capital Asia Ltd. is an investment company based in Hong Kong that in the past has successfully invested primarily in Asia and since last year has expanded its focus to Europe. Key criteria for the investment in Künkel-Wagner are the excellent reputation of Künkel-Wagner in the market and the untapped potential in growth markets.
Under the new ownership, Künkel-Wagner is firmly committed to strong operations and local management in Germany and intends to further invest in production capacity and to expand the product range to serve existing and new customers. The interests of Simplex and Künkel-Wagner are deeply vested in "Made in Germany" and the established know-how base. Künkel-Wagner Prozesstechnologie GmbH is fully committed to remain a reliable and loyal partner to all customers and suppliers.
We look forward to meeting you at GIFA 2011 at our booth no. H40, hall 16.
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