News & Events

Major shareholders sell around 89.5% of the shares in onoff AG

onoff Aktiengesellschaft (ISIN: DE000A2BPNB1) announces that the company’s four main shareholders have today sold the majority of their shares in onoff Aktiengesellschaft to SpiraTec AG, Speyer, a globally active company for industrial engineering and solutions in the process industry. It was agreed not to disclose the purchase price and the related terms and conditions.

In connection with the sale, the company’s founder Rolf Arneke has resigned from his position as a member of the Supervisory Board with immediate effect.

In the unanimous opinion of the managing directors with operational responsibility as well as the Executive Board and Supervisory Board, the future affiliation of the company and its subsidiaries to the SpiraTec Group may open up considerable potential for the onoff Group’s business activities and their future development.