Luxempart to acquire a 50% stake in Assmann Group.

Luxempart, a Luxembourg based listed investment company, agreed to acquire a 50% stake in Assmann Group, a provider of premium quality data network technology, network infrastructure, IT components and ICT accessories. Financial terms were not disclosed. This partnership will allow Assmann Group to continue its growth story with a new strategic plan. The focus will revolve around further strengthening the product offering and geographical footprint of Assmann Group, supported by an active M&A strategy. "As a 2nd generation family business, the Assmann Group proudly celebrates its 50th anniversary this year. With Luxempart as our new shareholder, we set the course for a successful future. Their long-term investment horizon matches our ambition to build a sustainably profitable business perfectly. Jointly, we will continue our international growth strategy in Europe and beyond," Stephan Assmann, ASSMANN Group CEO.