TWL acquires majority stake of WEBfactory
31 Jan 2017
January 2017 -[nbsp]TWL acquires 74.9 percent of the shares in WEBfactory GmbH, based in Buchen, Germany. The company offers software for the monitoring and control of machines and industrial plants as well as for online analysis and analysis of production data.
With the acquisition of a majority stake in WEBfactory, TWL is expanding its service offer for business customers. “WEBfactory has high-innovative solutions in the portfolio for contracting and energy services, in which our subsidiary ERN is active. With the participation we strengthen our competence in this field”, says Dr. Hans-Heinrich Kleuker, Commercial Director of TWL.[nbsp]
Advantages for both parties:[nbsp]WEBfactory will also benefit from the cooperation: “In recent years, we have been able to win larger and larger projects for us. Now we have found a stable partner with TWL, which offers our large international clients the necessary security, “says Bernhard Böhrer, company founder and CEO of WEBfactory:” In addition, we gain opportunities for growth by gaining access to new markets and the existing sales channels of TWL.”
Carlsquare advised WEBfactory on the transaction.
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