MEN merging with duagon
MEN Mikro Elektronik and duagon Holding are merging to become a provider of software and hardware solutions for data processing and communication. The two companies expect their complementary product range and expertise as well as perfectly complementary sales structures to give them a leading position as manufacturers of safe computer and communication solutions in critical embedded applications.
The previous investor of MEN, HQ Equita, has decided to sell MEN Mikro Elektronik with its subsidiaries in China, France, and the USA to Deutsche Beteiligungs AG (DBAG) in the course of the merger. duagon Holding was already a company in the DBAG portfolio.
The integration and further development of the newly created group will be accompanied by MEN founder Manfred Schmitz. He will retain his shares in MEN and will remain available to the company as a shareholder and as a member of the Board of Directors of the superordinate new group.
With the joint expertise of MEN and duagon, new products and complete solutions are to be developed. The focus is on automatic safety systems and technological trends such as autonomous driving.