Analytik Jena AG Continues Strategic Focus in its Core Business Areas and Disposes of 50.0 % of its Shares in AJZ Engineering GmbH
- Strong investor will reinvigorate project business and secure the Jena location
- Analytik Jena to accompany project business until the end of 2015
Jena, Germany, October 1, 2014 — Analytik Jena AG has sold 50.0 % of the shares of its project company AJZ Engineering GmbH to the Hamburg-based company ATG Consulting & Controlling AG. With this move, Analytik Jena is taking the next step towards the announced realignment of its project company. As part of the contract signed two days ago, the Jena-based manufacturer of analytical measuring technology and instruments for life sciences additionally agreed with the strategic investor on an option to dispose of the remaining shares by December 31, 2015.
“Our aim is to position AJZ Engineering for the future. In line with that, we want to act for the long-term and will accompany our subsidiary on this path until the company is financially and structurally stable and the key projects in Russia and Libya have been completed successfully. I am glad that we now have a strong partner on our side that is well acquainted with the project business of AJZ Engineering as a long-term business partner. The investor’s association of companies already includes access to high-quality modern medical technology, which is needed to plan modern clinics. The solid financial power and the strong business contacts to the traditional markets of AJZ Engineering thus offer opportunities for both companies,” said Klaus Berka, CEO of Analytik Jena AG.
As recently as in October 2013, Analytik Jena had reacquired 51.0 % of the shares of the project company and launched comprehensive restructuring measures as its sole shareholder. The project business had decreased drastically in the previous years due to the economic crisis and important projects had come to a standstill. As part of this move, Analytik Jena had also announced that it would sell shares to interested investors.