DGAP-News: Hess AG / Key word(s): Strategic Company Decision
Hess AG: Hess reaches first important milestone
27.05.2013 / 12:53
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Hess reaches first important milestone
- Company's future takes shape
- Foundation of a new GmbH
Villingen-Schwenningen, 27. May, 2013. At Hess, one of the renowned
provider of design-orientated outdoor lighting, it is worked hard on the
implementation of the new concept and therefore on the future of the
company.
The positive news of the continuation of business operations and the
company heading in the right direction was already announced at the end of
April.
Now, a first important milestone could be reached along this route. By
founding
Hess GmbH Licht + Form
the future was and is initiated visibly. All sales activities will
initially be bundled in the new GmbH. The operational areas will gradually
be integrated into this GmbH.
'The future of Hess takes concrete shape', states a pleased Andreas R.
Budde, Managing Director of Hess AG and at the same time General Manager of
the newly established GmbH. 'Our customers receive through the GmbH under
company law a new partner. Hess with a new livery, however, still stands
for proven quality of service, competent advice all about light as well as
the delivery of premium and design-orientated luminaires', so Budde.
From the insolvency administrator Dr Volker Grub's perspective, the
foundation of this GmbH is a logical and for the further development of the
company necessary step. 'Especially municipal customers have a problem with
ordering at a company undergoing insolvency proceedings', explains Dr Grub
and is optimistic regarding the further development: 'By finalising the
future concept and the announcement of the continuation of the operational
activities, we have set the fundamental course for the company at the end
of April. We are now on the right track and are gathering speed'.
As already reported, Hess will concentrate its sales activities on certain
core markets as well as dedicate itself more again to project-related
assembly reflecting the manufacture character and aspiration for quality
and design of luminaires as part of the future concept.
Contact
Hess AG
Marco Walz
Investor Relations & Communications
LantwattenstraÃe 22
78050 Villingen-Schwenningen
Germany
Phone: +49 7721 920-475
Fax : +49 7721 920-771475
Mail : marco.walz@hess.eu
www.hess.eu
End of Corporate News
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27.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Hess AG
LantwattenstraÃe 22
78050 Villingen-Schwenningen
Germany
Phone: +49 7721 920 0
Fax: +49 7721 920 250
E-mail: hess@hess.eu
Internet: www.hess.eu
ISIN: DE000A0N3EJ6
WKN: A0N3EJ
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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213244 27.05.2013
DGAP-News: Hess AG: Hess reaches first important milestone
| Source: EQS Group AG