Fintech PR
5th China-Central and Eastern European Countries (Cangzhou) Small and Medium-Sized Enterprise Cooperation Forum Launched in N.China Province
CANGZHOU, China, Nov. 17, 2023 /PRNewswire/ — The 5th China-Central and Eastern European Countries (CEEC) (Cangzhou) Small and Medium-Sized (SME) Cooperation Forum initiated on November 13th in Cangzhou, north China’s Hebei Province, announced the Cangzhou municipal government.
With the theme of “Expanding openness and cooperation for win-win development”, the forum was jointly sponsored by the Ministry of Industry and Information Technology of PRC (MIIT) and the People’s Government of Hebei Province, supported by the CEEC Secretariat and the Cangzhou Municipal People’s Government.
“Since establishing the China-Central and Eastern European countries cooperation mechanism in 2012, the economic and trade cooperation between the two sides has made positive progress, with an average annual growth rate of 8.1% and a two-way investment of nearly US$ 20 billion. The economic and trade cooperation between China and Central and Eastern European countries has shown great vitality and strong resilience.” Xu Xiaolan, Vice Minister of MIIT, addressed in her speech.
At the event site, 277 Chinese and foreign merchants from 10 countries came to look for business opportunities. The enterprises involved in automobile manufacturing, clean energy, intelligent equipment, laser industry and other fields.
“This forum is an important platform for exchanges between small and medium-sized enterprises in China and Central and Eastern European countries, which has promoted the economic development of all countries, made great contributions to the global market, and will bring more cooperation opportunities to Serbia.” Sinisa Mali, Deputy Prime Minister and Minister of Finance of Serbia, said.
It is reported that through the previous docking negotiations, this forum has reached 109 cooperation results with a total investment of 63.636 billion yuan.
In recent years, Cangzhou has developed into a critical modern port city in North China, the new industrial city in the Circum-Bohai Sea Area and an important node city in the urban agglomerations of Beijing, Tianjin and Hebei Province. For three consecutive years, Cangzhou has been named by Forbes China among the Top 100 Best Commercial Cities in Mainland China.
The China-CEEC (Cangzhou) SME Cooperation Forum was established in 2018, becoming China’s first cooperation zone for Central and Eastern European countries. For five years, the forum has served as an essential platform for strengthening exchanges and cooperation between China and Central and Eastern European countries.
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Fintech PR
EQT Exeter to acquire 94,000 square-meters across four warehouses in Germany
- Transaction comprises an attractive collection of high-quality properties in key distribution locations with capacity to serve a wide range of tenants
- All four properties are fully-leased, with significant rental growth potential
- EQT Exeter’s leasing and property management team plans to enhance value, particularly through significant sustainability-focused improvements
LONDON, Oct. 31, 2024 /PRNewswire/ — EQT Exeter, a leading global real estate investment manager, today announced that the EQT Exeter European Logistics Value Fund IV (“EQT Exeter”) has entered into an exclusive agreement to acquire four logistics properties, strategically located across the cities of Munich, Nuremberg, and Frankfurt in Germany, from VIB Vermögen AG.
The warehouses provide a high degree of third-party usability through the properties’ design and locations. The buildings are located across three prime German submarkets offering excellent access to the national road network. They are situated in supply-constrained consumption conurbations proximate to highly sought-after production and distribution hubs. The properties are fully-leased by five tenants, and offer the potential for significant value creation through future rental growth and sustainability-focused enhancements.
The transaction aligns with EQT Exeter’s focus on acquiring high-quality assets in key European submarkets, and further strengthens its presence in the Southern German logistics market. The properties are well-suited to benefit from EQT Exeter’s comprehensive asset and property management expertise, underpinned by its extensive local real estate team with experience in supporting assets throughout the entire property management lifecycle.
The transaction is expected to close in Q4 2024, subject to customary closing conditions.
Contact
EQT Press Office, [email protected]
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
Press Release, European Logistics Value Fund IV, Fox Portfolio, 241031 |
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Fintech PR
Euroclear achieves robust third quarter results
BRUSSELS, Oct. 31, 2024 /PRNewswire/ — Results for the first nine months of 2024
Highlights
Euroclear’s business income and interest earnings reached record levels
- Underlying operating income increased by 6% to reach €2.18 billion. Net profit increased by 8% to €890 million.
- Underlying business income is up by 5% to €1,302 million, driven by record levels in settlement and safe keeping activities, with assets under custody crossing the €40 trillion mark for the first time ever. In Q3 2024, business income increased by 8% compared to Q3 2023, driven by strong performance especially in the Eurobonds & European assets and funds business.
- Underlying interest income continues to increase, up 9% to €882 million in the context of sustained high interest rates environment and gradual policy rate cuts.
Pace of cost growth continues to slow
- After a step-up in investment in digital capabilities, workforce and IT infrastructure in 2023, the growth of underlying operating expenses slowed to 3% for the first nine months of 2024.
- In Q3 2024, underlying costs decreased by 1.5% compared to Q3 2023, reflecting Euroclear’s continued focus on cost mitigation and non-recurrence of specific items.
- As a result, the business income operating margin improved to 24.7% for the first nine months of 2024.
Strong shareholder return and capital position
- Underlying earnings per share increased by 8% to €283 in line with continued increase in net profit.
- Euroclear group retains a very strong capital position, comfortably above regulatory requirements with an underlying Common Equity Tier 1 capital ratio slightly below 60%[1].
Russian sanctioned assets
- Following the implementation of the EU windfall contribution regulation, Euroclear provisioned €2.9 billion as windfall contribution for the first nine months of 2024, of which a first tranche of €1.55 billion for H1 2024 was paid to the European Fund for Ukraine in July 2024.
- Gradual rate cuts have led to a decline in interest income related to the Central Bank of Russia’s assets in Q3 2024 with the outlook for future interest earnings dependent on policymaking decisions.
- The impacts of the Russian sanctions are detailed in the last section of this press release.
Euroclear Holding |
||||||||
(€ m) |
YTD Q3 23 |
Russian sanctions impacts |
YTD Q3 23 underlying |
YTD Q3 24 |
Russian sanctions impacts after Windfall Contribution |
YTD Q3 24 underlying |
Underlying |
|
Operating income |
5,052 |
2,996 |
2,056 |
4,424 |
2,240 |
2,184 |
128 |
6 % |
Business income |
1,226 |
-18 |
1,243 |
1,282 |
-20 |
1,302 |
59 |
5 % |
Interest, banking & other income |
3,826 |
3,013 |
813 |
6,030 |
5,148 |
882 |
69 |
9 % |
Windfall contribution |
-2,888 |
-2,888 |
0 |
0 |
||||
Operating expenses |
-991 |
-34 |
-956 |
-1,049 |
-68 |
-981 |
-24 |
-3 % |
Operating profit before Impairment |
4,061 |
2,961 |
1,100 |
3,375 |
2,172 |
1,203 |
103 |
9 % |
Impairment |
0 |
0 |
0 |
-5 |
0 |
-5 |
-5 |
|
Pre tax profit |
4,061 |
2,961 |
1,100 |
3,370 |
2,172 |
1,198 |
98 |
9 % |
Tax |
-1,018 |
-740 |
-278 |
-1,573 |
-1,265 |
-308 |
-30 |
-11 % |
Net profit |
3,043 |
2,221 |
822 |
1,797 |
907 |
890 |
68 |
8 % |
EPS |
966.8 |
261.2 |
570.9 |
282.9 |
||||
Business income operating margin |
19.2 % |
23.1 % |
24.7 % |
|||||
EBITDA margin (EBITDA/oper.income) |
82.0 % |
57.5 % |
59.1 % |
Valerie Urbain, Chief Executive Officer of Euroclear, commented:
“We are maintaining our trajectory of strong financial results and excellent performance, with our settlement and safe keeping activities reaching once again record levels. We remain focused on the execution of our strategy and delivering outstanding service to our customers, while continuing to invest to support our long-term growth.
We believe digital assets offer significant benefits and our teams have continued to innovate to advance their adoption across geographies and asset classes. After two successful issuances, Euroclear now welcomed the first issuance in USD by an Asia-based issuer on its Digital Securities Issuance (D-SI) platform. Euroclear took part in a groundbreaking pilot project to tokenise gold, Gilts and Eurobonds for collateral management and completed the dress rehearsal of its trial for Eurosystem wholesale Central Bank Digital Currency (CBDC) exploratory work. Finally, Euroclear joined forces with Singapore-based Marketnode to help establish a key market infrastructure in Asia-Pacific designed to simplify the management of fund flows and reduce settlement times by using Distributed Ledger Technology (DLT).
As a group with European roots, Euroclear reiterated its commitment to supporting the European Capital Markets Union. With Europe entering a new political cycle, Euroclear presented a detailed memorandum on the competitiveness in Europe’s markets and engaged with key stakeholders to chart the course for enhanced market development and integration in Europe. I firmly believe that by attracting more issuers and investors, by removing barriers to efficiency, competition and integration and by supporting innovation, European capital markets can become more liquid, resilient and competitive.”
Business performance
The key operating metrics (end of period unless stated otherwise) demonstrate an excellent business performance during the period.
Q3 2023 |
Q3 2024 |
YoY evolution |
3-year CAGR |
|
Assets under custody |
€37 trillion |
€40 trillion |
+9 % |
+3 % |
Number of transactions |
224 million |
243 million |
+9 % |
+4 % |
Turnover |
€813 trillion |
€850 trillion |
+5 % |
+5 % |
Fund assets under custody |
€3 trillion |
€3.4 trillion |
+14 % |
+6 % |
Collateral Highway |
€1.67 trillion |
€1.9 trillion |
+14 % |
+2 % |
Underlying cash deposits (average) |
€24.3 trillion |
€22.4 trillion |
-8 % |
+3 % |
Euroclear’s assets under custody reached a record €40 trillion, growing for the eighth quarter in a row, thanks to solid stock exchange performances coupled with robust results in fixed income.
Despite the usual summer slowdown, settlement volumes hit a new high due to sustained activity since the beginning of the year.
Funds depot is boosted by the success of ETFs, combined with the positive evolution of the stock valuations, and breaks its all-time record level close to €3.4 trillion.
The Collateral Highway’s outstanding continues to increase and is now very close to the early 2022 peak.
Business milestones
Reshaping traditional financial services
Euroclear made significant progress in its journey to become a digital, data-enabled Financial Market Infrastructure by welcoming the first Digital Native Note (DNN) issued by the Asian Infrastructure Investment Bank on its Digital Securities Issuance (D-SI) platform. This marks the first digital issuance in USD for Euroclear and the first such issuance by an Asia-based issuer on its platform. Euroclear’s DSI service enables the issuance, distribution and settlement of fully digital international securities on Distributed Ledger Technology (DLT).
In the related digital securities space, Euroclear, alongside Digital Asset and The World Gold Council, has successfully completed a groundbreaking pilot to tokenise gold, Gilts and Eurobonds for collateral management. This initiative showcases how DLT can revolutionise collateral mobility, enhance liquidity and boost transactional efficiency.
Furthermore, with the support of Paris Europlace, Euroclear has brought together a group of French banks around its D-SI platform and Banque de France’s DL3S platform for Central Bank Digital Currency (CBDC). As a result, these financial institutions will issue the first Digital Native Note (DNN) under French Law and settle it in CBDC.
Advancing the funds business
In October 2024, Euroclear acquired a strategic stake in Marketnode, a Singapore-based digital market infrastructure operator. By joining forces with Marketnode and its existing shareholders – the Singapore Exchange (SGX Group), Temasek and HSBC – Euroclear will contribute to establish a key market infrastructure in Asia-Pacific designed to simplify the management of fund flows and reduce settlement times by using new technology. This first strategic investment in Asia reinforces the region’s importance to Euroclear’s positioning and business growth.
In line with its commitment to make private markets more accessible to a wider range, Euroclear announced a pioneer collaboration with BlackRock. Both companies join forces to expand the distribution of BlackRock’s private market funds via Euroclear’s FundsPlace. With a global reach serving over 2,500 clients across the globe, FundsPlace is well-equipped to extend BlackRock’s diverse range of private market funds to an even broader array of investors.
Simplification of Euroclear’s group structure
On 1 October 2024, Euroclear completed the previously announced simplification of its group structure. Two out of the four financial holding companies of the Euroclear group, Euroclear AG and Euroclear Investments SA/NV, were successively merged into Euroclear Holding SA/NV, the ultimate parent entity of the Euroclear group.
This simplification of the corporate structure results in a significant reduction of complexity both in terms of governance and financial administration, while keeping direct participations in regulated entities at the level of Euroclear SA/NV. This merger also streamlines and accelerates the dividend upstreaming process.
A call for unlocking scale and competitiveness in Europe’s markets
As a trusted market infrastructure having contributed to the integration of European and global markets over decades, Euroclear is committed to advance the European Capital Markets Union. To instigate a meaningful dialogue with all involved stakeholders, Euroclear published a thought leadership paper on the European capital markets highlighting, key challenges, real opportunities and the critical need to improve integration and competitiveness, specifically in the post-trade sector.
To read the full paper, go to https://www.euroclear.com/content/dam/euroclear/news%20&%20insights/Format/Whitepapers-Reports/Whitepaper-Unlocking-Europe-capital-markets.pdf
Supporting academic research on sustainable finance
In line with its ambition to advancing the understanding of sustainable finance, Euroclear announced its sponsorship of a new Chair in Sustainable Finance at the Solvay Brussels School of Economics and Management of the Université Libre de Bruxelles (ULB). Professor Dr Guntram Wolff will be the first holder of this newly created Chair, which will contribute to the creation of knowledge on sustainable finance, executive training as well as teaching.
Russian sanctions impacts
Financial impacts of the Russian assets
- The Russian sanctions continue to have a significant impact on Euroclear’s earnings.
- Interest earnings related to Russian assets, which are subject to Belgian corporate tax, generated €1.27 billion tax revenue.
- Following the implementation of the EU windfall contribution regulation applicable to the Central Bank of Russia’s (CBR) assets dating from 15 February 2024 onwards, Euroclear provisioned €2.9 billion as windfall contribution for the first nine months of 2024.
- Euroclear made a first payment for H1 2024 of approx. €1.55 billion to the European Fund for Ukraine in July 2024.
- The sanctions and Russian countermeasures resulted in direct costs of €68 million and a loss of business income of €20 million.
- Gradual rate cuts have led to a decline in interest income related to the Central Bank of Russia’s assets in Q3 2024 (see quarterly evolution in the table below) with the outlook for future interest earnings dependent on policymaking decisions. As a reference, an interest rate cut of 0.25% in Euro would have a potential impact of €51 million on the windfall contribution on quarterly basis.
Russian sanctions |
o/w CBR as of 15 Feb. |
CBR Q1 2024 as of 15 Feb. |
CBR Q2 2024 |
CBR Q3 2024 |
o/w Other Russia |
||||
Operating income |
2,240 |
1,000 |
191 |
407 |
402 |
1,240 |
|||
Business income |
-20 |
0 |
0 |
0 |
0 |
-20 |
|||
Interest, banking & other income |
5,148 |
3,888 |
746 |
1,577 |
1,565 |
1,260 |
|||
Windfall contribution provision |
-2,888 |
-2,888 |
-554 |
-1,170 |
-1,163 |
||||
Operating expenses |
-68 |
-16 |
-3 |
-7 |
-6 |
-52 |
|||
Operating profit before Impairment |
2,172 |
984 |
188 |
400 |
396 |
1,188 |
|||
Tax |
-1,265 |
-968 |
-185 |
-393 |
-390 |
-297 |
|||
Net profit |
907 |
16 |
3 |
7 |
6 |
891 |
|||
Update on Russian sanctions and countermeasures
Russia’s invasion of Ukraine in February 2022 resulted in market-wide application of international sanctions. Euroclear considers the application of international sanctions as a key obligation. Therefore, well established processes are in place which have allowed the group to implement the sanctions while maintaining our normal course of business.
As a result of the sanctions, blocked coupon payments and redemptions owed to sanctioned entities continue to accumulate on Euroclear Bank’s balance sheet. At the end of September 2024, Euroclear Bank’s balance sheet totalled €216 billion, of which €176 billion relate to sanctioned Russian assets.
In line with Euroclear’s risk appetite and policies and as expected by the EU Capital Requirements Regulation, Euroclear’s cash balances are re-invested to minimise risk and capital requirements. In the first nine months of 2024, interest arising on cash balances from Russian-sanctioned assets was approximately €5.15 billion. Such interest earnings are driven by the prevailing interest rates and the amount of cash balances that Euroclear is required to invest. Subject to Belgian corporate tax, these earnings generated €1.27 billion tax revenue for the Belgian State. As such, future earnings will be influenced by the evolving interest rate environment.
Effective 15 February 2024, the EU Council adopted a Regulation requiring Central Securities Depositories (CSDs) holding reserves and assets of the Central Bank of Russia with a total value of more than €1 million to apply specific rules in relation to the cash balances accumulating due to restrictive measures. These CSDs, such as Euroclear Bank, should account for and manage such extraordinary cash balances separately from their other activities, should keep separate the net profit generated and should not dispose of these ensuing net profits (e.g. in the form of dividends to shareholders).
In May 2024, the European Commission has adopted a new regulation about a windfall contribution applicable to CSDs holding Russian Central Bank assets with a total value of more than €1 million. The profits generated by the reinvestment of these sanctioned amounts dating from 15 February 2024 onwards are required to be contributed to the European Fund for Ukraine. Consequently, Euroclear made a first payment of approx. €1.55 billion to the European Fund for Ukraine in July 2024.
Euroclear continues to act prudently and to strengthen its capital by retaining the remainder of the Russian sanction related profits as a buffer against current and future risks. Euroclear is focused on minimising potential legal, financial, and operational risks that may arise for itself and its clients, while complying with its obligations.
As a direct consequence of the sanctions and countermeasures, Euroclear faces multiple proceedings in Russian courts. Since Russia considers international sanctions against public order, Russian claimants initiated legal proceedings aiming mainly to access assets blocked in Euroclear Bank’s books, by claiming an equivalent amount in Russian Ruble and enforcing their claim in Russia. Despite all legal actions taken by Euroclear and the considerable resources mobilised, the probability of unfavourable rulings in Russian courts is high since Russia does not recognise the international sanctions.
Euroclear Bank and Euroclear Investments are the two group issuing entities. The summary income statements and financial positions at Q3 2024 for both entities are shown below.
Figures in Million of EUR |
|||||||
Euroclear Bank Income Statement (BE GAAP) |
Q3 2024 |
Q3 2023 |
Variance |
||||
Net interest income |
3,130.5 |
3,803.8 |
-673.2 |
||||
Net fee and commission income |
841.5 |
815.7 |
25.8 |
||||
Other income |
-4.6 |
20.9 |
-25.5 |
||||
Total operating income |
3,967.5 |
4,640.3 |
-672.9 |
||||
Administrative expenses |
-710.2 |
-612.5 |
-97.7 |
||||
Operating profit before impairment and taxation |
3,257.3 |
4,027.9 |
-770.6 |
||||
Result for the period |
1,709.5 |
3,013.6 |
-1,304.0 |
||||
Euroclear Bank Statement of Financial Position |
|||||||
Shareholders’ equity |
7,745.3 |
5,615.7 |
2,129.7 |
||||
Debt securities issued and funds borrowed (incl.subordinated debt) |
3,876.2 |
4,846.0 |
-969.8 |
||||
Total assets |
215,916.9 |
164,481.0 |
51,435.9 |
||||
The drop in Q3 2024 figures compared to Q3 2023 reflects the booking of the windfall contribution related to the Central Bank of Russia’s (CBR) assets dating from 15 February 2024.
Euroclear Investments Income Statement (BE GAAP) |
Q3 2024 |
Q3 2023 |
Variance |
|||||||
Dividend |
706.7 |
395.5 |
311.3 |
|||||||
Net gains/(losses) on financial assets & liabilities |
18.8 |
10.5 |
8.3 |
|||||||
Other income |
-0.1 |
-0.2 |
0.1 |
|||||||
Total operating income |
725.4 |
405.8 |
319.6 |
|||||||
Administrative expenses |
-1.6 |
-0.8 |
-0.8 |
|||||||
Operating profit before impairment and taxation |
723.8 |
405.0 |
318.8 |
|||||||
Result for the period |
719.3 |
402.4 |
316.9 |
|||||||
Euroclear Investments Statement of Financial Position |
||||||||||
Shareholders’ equity |
443.8 |
696.7 |
-253.0 |
|||||||
Debt securities issued and funds borrowed |
1,656.9 |
1,656.2 |
0.7 |
|||||||
Total assets |
2,100.8 |
2,354.5 |
-253.7 |
|||||||
The evolution of Q3 2024 figures compared to Q3 2023 reflects the increase in intragroup dividend.
Euroclear group is the financial industry’s trusted provider of post trade services. Guided by its purpose, Euroclear innovates to bring safety, efficiency, and connections to financial markets for sustainable economic growth. Euroclear provides settlement and custody of domestic and cross-border securities for bonds, equities and derivatives, and investment funds. As a proven, resilient capital market infrastructure, Euroclear is committed to delivering risk-mitigation, automation, and efficiency at scale for its global client franchise. The Euroclear group comprises Euroclear Bank, the International and Irish CSD, as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden and Euroclear UK & International.
1 Post deduction of dividend relating to 2023 earnings, including Sept. 2024 YTD profit and based on estimated underlying RWA of around EUR 7.4bn. Assuming a 60% dividend pay-out on the Sept. 2024 profit, the CET1 ratio would be 52%.
Pascal Brabant / [email protected] / +32 475 78 36 62
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Fintech PR
Healthcare Holding Schweiz/Winterberg Acquire MVB Medizintechnik AG
Healthcare Holding Schweiz AG, a Prominent Swiss Medtech Services and Distribution Group Managed by Winterberg Advisory GmbH, Expands its Portfolio with the Acquisition of MVB Medizintechnik AG based in Frick.
BAAR, Switzerland, Oct. 31, 2024 /PRNewswire/ — Healthcare Holding Schweiz AG (“Healthcare Holding”) has successfully completed the acquisition of MVB Medizintechnik AG (“MVB”), enhancing its portfolio with specialized expertise in cardiotocography for gynecology and obstetrics, alongside innovative products in shock wave therapy, thereby strengthening its market position in both women’s health and therapeutic devices.
Fabian Kroeher, President of the Board of Healthcare Holding Schweiz and Partner at Winterberg Advisory GmbH, stated, “We are excited to welcome MVB Medizintechnik AG into the Healthcare Holding family. This acquisition not only broadens our product offerings but also enhances our capability to deliver tailored solutions to our customers. The integration of MVB’s specialized knowledge and innovative products will significantly contribute to our growth strategy.”
Both Günter Dreikorn and Henry Brülhart, the previous owners of MVB, will remain with the company to ensure continuity and maintain the high standards of service that MVB’s customers have come to expect.
“I am very pleased that we found a new home for MVB, which will provide us with everything to thrive and even accelerate our growth,” said Günter Dreikorn. “This partnership will allow us to leverage combined strengths and resources, ultimately making us even better to serve our customers at the highest standards.”
With this acquisition, Healthcare Holding Schweiz reinforces its position as the market leader in Medtech services and distribution in Switzerland. Already managing a diverse portfolio, the company continues to showcase its strategic expertise and commitment to excellence, driving sustained growth and innovation in the Swiss healthcare sector.
About MVB Medizintechnik AG
MVB Medizintechnik AG, based in Frick, Switzerland, is a specialized distributor in the fields of cardiotocography (CTG) for gynecology and obstetrics, and shock wave therapy, offering a range of CTG products and other gynecological devices, as well as advanced shock wave devices and other innovative products for women’s health.
About Healthcare Holding Schweiz AG
As a leading player in the Swiss Medtech services and distribution sector, Healthcare Holding Schweiz AG based in Baar, Switzerland is focused on growing its portfolio through strategic acquisitions and partnerships. It is committed to innovation and customer satisfaction, aspiring to redefine industry standards with state-of-the-art solutions and exceptional service. To date, the group has acquired Senectovia Medizinaltechnik AG based in Urdorf, Winther Medical AG based in Baar, Mikrona Group AG based in Schlieren with its business units Mikrona and Ortho Walker, MCM Medsys AG based in Solothurn, and Naropa Reha AG based in Staad, St. Gallen.
About Winterberg Advisory GmbH and Winterberg Group AG
Based in Gruenwald, Germany, Winterberg Advisory GmbH manages Private Equity investment funds, mainly concentrating on Small and Midcap Buy and Build platforms such as Healthcare Holding Schweiz AG. Winterberg Group AG, located in Zug, Switzerland, is an independent family office that invests in Small and Midcap Private Equity, along with selective ventures in real estate and other asset classes.
For further information about MVB Medizintechnik AG visit www.mvb-med.ch
For further information Healthcare Holding Schweiz AG, please visit www.healthcare-holding.ch
For Healthcare Holding’s portfolio companies visit www.senectovia.ch, www.winthermedical.ch, www.mikrona.ch, www.orthowalker.ch, www.mcm-medsys.ch and www.naropa-reha.ch
For further information about Winterberg Advisory GmbH and Winterberg Group AG, please visit www.winterberg.group
This press release is prepared and distributed by Winterberg Advisory GmbH on behalf of Healthcare Holding Schweiz AG.
For media inquiries, please contact [email protected], +4915118859825
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