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Electrovac - a Joint Stock Corporation
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Electrovac - a Joint Stock Corporation |
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The managing partners of Electrovac Fabrikation elektrotechnischer Spezialartikel GmbH headquartered in Klosterneuburg, Austria have decided to convert the company into a joint stock corporation in order to provide an adequate legal framework under trade law considering Electrovac’s worldwide activities, the volumes achieved and the Group’s new growth strategy. Capital and reserves of Electrovac AG, Klosterneuburg, are about EUR 20 million.
Mr. Stefan Petters is Chief Executive Officer of the Management Board. Mr. Petters is also strategic shareholder of the Electrovac Group and holds more than 25 percent of shares. As CEO of the Group, Mr. Petters will further develop core competences and expand the global identity of the Group. Mr. Werner Kuras in his capacity as COO is responsible for organization and all value-added processes in the Group companies. Mr. Alfred Hager has been appointed CFO. Alfred Reiter will remain head of the supervisory board. Several private shareholders own Electrovac; 15 percent are held by UBF Mittelstandsfinanzierungs AG, Vienna. |
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