SFC Energy: PBF Group B.V. receives new volume follow-up order for power supply solutions of security and communication systems


  • Follow-up order builds on the success of PBF’s products in these applications; installed base of over 100.000 PBF power supplies worldwide
  • PBF’s power supply solutions are used in public address and professional audio systems
  • Total order amount: approx. EUR 940,000

PBF Group B.V., Dutch subsidiary of SFC Energy AG, a leading provider of hybrid power solutions to the stationary and mobile power generation markets, announces the receipt of a new follow-up order from a large, international security systems company for the delivery of power supply solutions for security and communication needs. The order will generate total revenues to the amount of EUR approx. 940,000 in 2019 and 2020. 

“Over the last three years our power supplies have consistently proven their valor in the operation of these highly sensitive, safety-critical systems. The follow-up order clearly demonstrates their numerous advantages”, says Hans Pol, Managing Director of PBF Group B.V. and Board Member of SFC Energy. “The customer especially appreciates the combined power generation, power management, and service expertise which is the special USP of PBF.”

The highly sensitive, safety-relevant audio systems used at airports, railway stations, event locations etc. need “clean” power, i.e. stable electricity with a very low and precise ripple voltage. Positioned between power source and device, PBF’s power supply solutions ensure that the devices are supplied with the exact voltage they require. This significantly reduces energy costs of operation, improves the devices’ performance, and extends their useful life. The follow-up order builds on the excellent track record of PBF’s power supplies in this application. PBF has sold and installed over 100,000 high power supplies worldwide.

Additional information on SFC Energy, PBF, and SFC Group’s portfolio of power electronics and power generation products at www.sfc.com and www.pbfgroup.nl.

About SFC Energy Group

SFC Energy AG is a leading provider of hybrid solutions to the stationary and portable power generation markets. SFC is a major supplier of fuel cells, with over 40,000 fuel cells sold to date. The Company has award-winning products and serves a range of applications in the Oil and Gas, Security and Industry, and Consumer markets. The Company is headquartered in Brunnthal/Munich, Germany, operates production facilities in the Netherlands, Romania, and Canada. SFC Energy AG is listed on the Deutsche Boerse Prime Standard (GSIN: 756857 ISIN: DE0007568578).

About PBF Group

PBF Group B.V. (www-pbfgroup.nl), company of SFC Energy Group, specializes in power supply solutions and special coils. The Company is active worldwide. PBF develops, manufactures and markets high reliable standard and semi-standard power platform solutions for high-tech industrial systems like laser and semi-conductor manufacturing equipment and analytical systems.

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Dynamic start into 2018 / 2019: ISRA profits from investments – double-digit growth guidance

  • Revenues rises to 34.2 million euros, up 10 % (Q1 17/18: 31.2 million euros)
  • EBT growth of 11 % to 6.9 million euros (Q1 17/18: 6.2 million euros)
  • Earnings margins remain at high level:
    o EBITDA up 18 %, margin at 34 % of revenues and 31 % of total output (Q1 17/18: 32 % and 29 %)
    o EBIT up 11 %, margin at 20 % of revenues and 18 % of total output (Q1 17/18: 20 % and 18 %)
    o EBT up 11 %, margin at 20 % of revenues and 18 % of total output (Q1 17/18: 20 % and 18 % )
  • Gross margin at 62 % of total output (Q1 17/18: 61%) and 57 % of revenues (Q1 17/18: 57 %)
  • Operating cash flow rises to 4.8 million euros (Q1 17/18: 4.4 million euros)
  • Intense actions to improve efficiency in production continue to be in focus – cash flow expected to increase
  • High  order backlog of around 96 million euros gross (PY: 83 million euros gross)
  • Acquisitions with focus on market and technology expansion at advanced stage 
  • Earnings per share after taxes up 15 % to 0.23 euros (Q1 17/18: 0.20 euros)
  • Dividend increase of 27 % to 0.15 euros per share planned (PY: 0.118 euros)
  • High equity ratio of 66 % (September 30, 2018: 63 %)
  • Outlook for 2018/2019: Low double-digit growth in revenue and earnings – additional inorganic effects anticipated

ISRA VISION AG (ISIN: DE 0005488100) – the TecDAX company for industrial image processing (machine vision) and one of the world’s leading providers of surface inspection solutions and 3D machine vision applications, recorded double-digit revenue and earnings growth in the first quarter of the 2018/2019 financial year to continue on its profitable growth path: With revenues increasing by 10 percent to 34.2 million euros (Q1 17/18: 31.2 million euros) and EBT growth of 11 percent to 6.9 million euros (Q1 17/18: 6.2 million euros), the Company made further progress toward its medium-term target of 200+. The operating cash flow increased to 4.8 million euros (Q1 17/18: 4.4 million euros). With the equity ratio rising by three percentage points to 66 percent (September 30, 2018: 63 %), net liquidity of 1.8 million euros (September 30, 2018: 1.8 million euros) and the available credit lines, ISRA has solid capital resources for future growth opportunities and is optimally prepared for potential acquisition projects. Earnings per share (EPS) after taxes increased by 15 percent to 0.23 euros (Q1 17/18: 0.20 euros). ISRA is continuing its sustainable dividend policy; at the Annual General Meeting on March 19, 2019 the management will propose an increase in the dividend for the 2017/2018 financial year of 27 percent to 0.15 euros per share.

In the first quarter, ISRA confirmed and further extended the high margin level it achieved in the previous financial year: The gross margin (total output minus material and labor costs of production) increased to 62 percent of total output (Q1 17/18: 61 %) and remains unchanged at 57 percent of revenues (Q1 17/18: 57 %). EBITDA (earnings before interest, taxes and depreciation) increased significantly by 18 percent to 11.7 million euros (Q1 17/18: 10.0 million euros), thereby the EBITDA margin improved by two percentage points each to 34 percent of revenues (Q1 17/18: 32 %) and 31 percent of total output (Q1 17/18: 29 %). EBIT (earnings before interest and taxes) increased by 11 percent to 6.9 million euros (Q1 17/18: 6.3 million euros), the EBIT margin therefore corresponds to 20 percent of revenues (Q1 17/18: 20 %) and 18 percent of total output (Q1 17/18: 18 %). EBT (earnings before taxes) also improved by 11 percent to 6.9 million euros (Q1 17/18: 6.2 million euros), resulting in an EBT margin of 20 percent of revenues (Q1 17/18: 20 %) and 18 percent of total output (Q1 17/18: 18 %).

The first three months of the current financial year demonstrate the initial positive effects of the recently initiated measures for an increased production efficiency through process and capacity optimization: Inventories in the consolidated balance sheet declined slightly to 36.7 million euros (September 30, 2018: 36.9 million euros). Trade receivables amount to 105.0 million euros (September 30, 2018: 111.8 million euros). Net debt (short-term and long-term liabilities minus cash and equivalents) was eliminated completely in the 2017/2018 financial year – this means the Company is mathematically debt-free, with equity of 201.2 million euros at the end of the first quarter (September 30, 2018: 197.8 million euros).

With more than 25 locations worldwide, ISRA is one of the most broadly positioned providers in the machine vision industry. Its presence in all significant future markets and growth regions represents a further key pillar of its long-term business development alongside its multi-industry strategy. In addition to its existing locations, the Company is currently examining new opportunities for expansion in Great Britain, Eastern Europe, North and South America, as well as in India and South East Asia.

The first quarter of 2018/2019 showed positive business development in almost all regions. The Company recorded double-digit revenue growth in the European markets, with strong customer demand suggesting that the healthy order situation will continue in the coming months. Revenues in Asia were at a similar high level compared to the previous year. Orders from American customers saw similar development. Intensive marketing and sales activities and the strengthening of the regional management team in the US and Brazil are expected to result in increased order momentum in the coming months.

The Industrial Automation segment, whose customer base includes global premium automotive manufacturers and global players from a wide range of industries in particular, achieved growth of 7 percent in the first quarter of the 2018/2019 financial year, with revenues rising to 8.3 million euros (Q1 17/18: 7.8 million euros). EBIT also increased by 7 percent to 1.8 million euros (Q1 17/18: 1.7 million euros) with an EBIT margin at 18 percent of total output (Q1 17/18: 19 %). In addition to innovative 3D machine vision solutions for robot-guided assembly and high-precision 3D metrology, the segment result was driven by the high level of customer demand for the “Touch & Automate” products that are designed for INDUSTRY 4.0. ISRA expects to see additional momentum in the coming months thanks to its extended sales as well as its expanded business focus on smart factory automation and its planned entry into new markets for connected automation using machine vision, which will center on combining the Company’s 3D machine vision expertise with robot automation. To this end, ISRA has already expanded its organization in a targeted manner and intensified its sales activities.

Revenues in the Surface Vision segment increased by 10 percent to 25.9 million euros in the first quarter of 2018/2019 (Q1 17/18: 23.4 million euros). EBIT amounts to 5.2 million euros (Q1 17/18: 4.6 million euros), corresponding to an EBIT margin of 18 percent of total output (Q1 17/18: 18 %). The metal inspection business is continuing to benefit from the complete portfolio strategy – in the current financial year, the management anticipates additional growth thanks to the enhancement of innovative steel inspection solutions for the automotive industry as well as the expansion of new software solutions for the entire metal production process and INDUSTRY 4.0-compatible systems. In the field of glass there are specifically demands for solutions for inspecting display glass and, increasingly, solar and automotive glass. The growth is being supported by intensive marketing and sales measures. With its extended focus on innovative materials, Advanced Materials (formerly Plastics) generated higher revenues than in the same period of the previous year; the Company is currently developing additional applications for innovative materials and extending well-established solutions. Revenues in the printing industry are rising significantly, with the management team being expanded in order to intensify activities in the area of digital print applications. Having implemented design-to-cost measures for the paper industry, the Company is concentrating on high-growth industries such as packaging and is stepping up its marketing and sales activities. In the security business (formerly specialty paper), ISRA is seeing high demand for its portfolio of specialized inspection solutions for high-security paper and printing. New revenue impulses emerge in the solar industry: Several major orders are already at an advanced stage of negotiation and expected to be completed in the near future. In the relatively new business area semiconductor, the Company is intensifying its focus on Asian market following the successful acquisition of strategic orders from leading European manufacturers. Two high-volume projects are currently being negotiated. Service business contributed to the positive business development in the first quarter 2018/2019, again accounting for a double-digit share of revenues. The Company is consequently extending its Customer Support and Service internationally and plans to increase the service revenues above average in its revenue share in the medium term by diversified offers and realignment of the management.

With its profitable results for the first three months of the 2018/2019 financial year and a high gross order backlog of around 96 million euros at present (previous year: 83 million euros gross), ISRA has made a robust start into the new financial year. A key element of ISRA’s growth strategy remains the acquisition of companies that will sustainably advance its technology leadership, market position or expansion into new markets. Several potential target companies from the areas of 3D industrial automation, production analysis software tools and embedded systems are currently being examined – some of them in advanced stages. In addition to the organic and acquisition-based growth, the management sees significant revenue potential in the enhancement of the product portfolio with INDUSTRY 4.0 architecture for the new business areas of smart factory automation and production analytics.

Assuming no significant changes in the global economic conditions, the management is forecasting profitable organic revenue and earnings growth in the lower double-digit range in the 2018/2019 financial year; the potential closure of an acquisition project in the near future could lead to higher overall growth in the current year. The Company is addressing regional and industry-specific fluctuations by intensifying its marketing and sales activities. ISRA’s strategy remains focused on sustainably expanding its global market position through product innovations for industrial automation accompanied by efficiency improvements as well as increasing its revenues to over 200 million euros in the medium term, meanwhile optimizing costs and working capital.

Further information is available at www.isravision.com.

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Hitachi Chemical Co. Ltd. to acquire apceth Biopharma GmbH

apceth Biopharma GmbH, a leading contract manufacturing organization in the field of cell and gene therapy, announces today that Hitachi Chemical Co., Ltd. will enter into an agreement to acquire all shares of apceth Biopharma GmbH. This acquisition is expected to close in April 2019.

Founded 2007, apceth is a pioneer in cell and gene therapy and has developed into a leading European contract development and manufacturing organization (CDMO) for Advanced Therapy Medicinal Products (ATMPs). The company has state-of-the-art facilities located in Munich, Germany, which are fully compliant with all current EU ATMP regulations, BSL2 and ICH guidelines.

With the acquisition of apceth, Hitachi Chemical will be expanding its business presence footprint in Europe―the world’s second-largest market for regenerative medicine after the United States.

“We are very pleased to become part of Hitachi Chemical. Our combined strengths within Hitachi Chemical will allow us to manufacture complex cell and gene therapies for clients in North America, Asia, and Europe. This will allow our clients to supply patients around the world with highly needed innovative and high-quality cell and gene therapies”, said Christine Guenther, MD, CEO of apceth Biopharma.

“apceth had been built by a great team and strong support of its shareholders into Europe’s leading independent cell therapy manufacturer. We are very proud that these joint efforts resulted in apceth Biopharma now being chosen as Hitachi Chemical’s hub for cell therapy in Europe,” commented Manfred Ruediger, PhD, Chairman of the Board of apceth.

“We are proud having been able to accompany apceth on its successful journey from its foundation in 2007 until today. We are very pleased to have found an excellent partner for apceth’s future endeavors with Hitachi Chemical,” said
Helmut Jeggle, Managing Director of Santo Holding (Deutschland) GmbH, majority shareholder of apceth.

“The addition of apceth Biopharma to Hitachi Chemical will strengthen our presence in the second-largest cell and gene therapy market in the world, and enable us to offer a truly harmonized global operation, providing our customers with ready access to new markets and maximizing the value we bring to the industry,” said Robert A. Preti, PhD, CEO and President of Hitachi Chemical Advanced Therapeutics Solutions, LLC and General Manager of the Hitachi Chemical Regenerative Medicine Business Sector.

About Hitachi Chemical

Hitachi Chemical Co., Ltd. (TSE:4217), is headquartered in Tokyo, Japan, delivers wide range of innovative products, such as electronic materials, automobile parts, energy storage devices and systems, in global markets. The company’s consolidated revenues for fiscal 2017 (ended March 31, 2018) totaled 669 billion yen (5.4 billion euros*). For more information on Hitachi Chemical, please visit the company’s website at http://www.hitachi-chem.co.jp/…
*The conversion rate is 1 euro = 124 yen.

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Preliminary results 2018

In the 2018 fiscal year Wirecard AG recorded significant growth of revenues and operating profit.

According to preliminary figures, consolidated revenues increased by approximately 40 percent from EUR 1.5 billion in the previous year to EUR 2.1 billion in 2018. Preliminary earnings before interest, taxes, depreciation and amortisation (EBITDA) grew about 38 percent to EUR 568.3 million (2017: EUR 412.6 million).

In the fourth quarter, preliminary consolidated revenues increased by approximately 36 percent from EUR 468.6 million in the previous year quarter to reach EUR 637.5 million. EBITDA grew about 37 percent to EUR 172.9 million (Q4/2017: EUR 126.1 million).

Wirecard AG’s Management Board confirms the forecast to reach an EBITDA in a bandwidth of between EUR 740 million to EUR 800 million in the 2019 fiscal year.

All results are preliminary. The consolidated financial statements 2018 will be published on 4 April 2019.

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New ODU Production Site In Sibiu

The new production hall was completed right on time at the end of September last year and successfully approved by local authorities. The move into the brand-new ODU Romania facility in Sibiu was successful and a smart one. The new building offers far more production space (+ 30% in phase 1), with short paths and a clear structure, providing a great deal of flexibility and room for further expansion.

„One of the challenges was to design our very first green field production site outside of Germany,” explains Adrian Costin, Managing Director of ODU Romania in Sibiu. “It worked out 100 % and the production site is working 100 % within the international production network of the ODU Group.” The ODU Group is one of the leading international suppliers of connection systems, data and signal transmission systems. For more than 75 years, ODU has been developing electrical connectors, an essential part of our day-to-day life. Without connectors, no smartphone, appliance or medical equipment would be able to function. Without connectors, cars could not start and industry would not work automatically. Connectors are in numerous applications and areas and it takes just one close look to see that above all, connector technology must be reliable.

The original ODU location in Sibiu was set-up in 2006 operating under the name ODU Romania Manufacturing S.R.L. The new site is situated very close to the international airport of Sibiu, easily accessible and close to the city center. More than 550 people work for ODU in Sibiu.

The company is continuously evolving into a competence center for connectors and cable assembly. Thanks to innovation, continuous improvement and high quality production processes, the manufacturing unit is expanding.

The new and modern production unit in the new industrial park in Sibiu covers the size of 48.000 qm². The production equipment is according to the latest ODU standards securing the high quality standard. It includes social spaces, a cafeteria and 120 parking spaces. „For ODU a good workplace represents an environment where people can grow and the word “team” has a deeper meaning. The values promoted are an open organizational culture and personal development“, says Costin.

ODU is an employer that recognizes and awards professional performance in a company that provides safety and supports individual needs accordingly to governing principles: reliability, equity, responsibility and quality are reference points for cooperation within the company.

The ODU Group headquarter is located in Mühldorf am Inn (Bavaria). From there, the company sells its products all over the world, since „Made in Germany” is an important feature on foreign markets.

Besides the Mühldorf location, ODU has three other international production units in, San Diego (USA), Shanghai (China) and Tijuana (Mexico).

The distribution network includes ten sales companies in Germany, France, Italy, Denmark, Sweden, Great Britain, China, Japan, Korea and the USA. ODU has over 2.300 employees globally and generates annual revenues of 200 million euros.

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LogiMAT 2019 – First-hand conveyance technology

International equipment and system manufacturers from the conveyance technology industry are converging on Stuttgart for the 17th edition of LogiMAT to unveil their latest product and system innovations for today’s intralogistics material flow. Exhibitors are due to present a diverse selection from their growing product lines, illustrating the latest trends in product development and highlighting the growing sophistication of industry requirements around software, AGVs, and robotics.

Equipment and system manufacturers from around the world are gathering for the 17th International Trade Show for Intralogistics Solutions and Process Management, bringing along products and services for warehouse and conveyance technology that illustrate the industry’s current positioning and future direction. This exhibitor group, traditionally the strongest at LogiMAT, will occupy Hall 1 (including the gallery) plus Halls 3, 5, and 7 this year. The diverse portfolio of innovations and other optimizations from established system architectures and material flow components ranges from equipment and process optimizations of traditional static warehouse technology to automated conveyance technology, fully automated system solutions, automated guided vehicles (AGVs), robot-guided picking solutions, and software systems for material flow control and warehouse management. The system architectures focus on end-to-end process automation with scalable options for optimized production processes of small quantities – right down to fully customized manufacturing of individual products.

Just as diverse as the products on display is the corporate culture of the exhibitors: “The exhibitors at the 17th LogiMAT once again represent a cross-section of cultures in the industry, from global all-rounders integrating complex logistics systems to smaller businesses specializing in custom equipment and system components,” notes Michael Ruchty, LogiMAT Exhibition Director at event organizer EUROEXPO Messe- und Kongress-GmbH in Munich. “And the trend we’ve seen for several years now continues – namely, that the big players in particular continue to expand their hardware portfolios while also cultivating a market presence for software, complete with dedicated business units for in-house development, offering warehouse management systems that go far beyond system controllers and material flow computers.” Aberle, Knapp, SSI Schäfer, Vanderlande, Viastore are among the exhibitors who are not only bringing system and conveyance technology to Stuttgart but in some cases are actually renting additional booth space among the software companies in Hall 8 to showcase their warehouse management and process control systems.

On the hardware end, the focus among the international exhibitors is on innovations in the areas of robotics, AGVs, and shuttle technology – in other words: mobility and flexibility in the warehouse. The US logistics startup 6 River Systems from Boston (Hall 1, Booth K37), founded by former executives from Kiva Systems (now Amazon Robotics), is introducing European audiences to its collaborative mobile fulfillment robot Chuck. The AI-guided solution is designed to offer a cost-effective alternative to traditional warehouse automation and boost picking rates by 200 to 300 percent over manually operated pick carts. Beijing Geek+ Technology Co., Ltd. (Hall 7, Booth C51), China’s leading provider of warehouse and logistics robotics, is coming to Stuttgart with the latest version of the Geek Picking System, an integrated robotic sorting system, including the P800 picking robot with a load-carrying capacity of up to 1,000 kg and operating temperature range of -22° to 122° C. Vanderlande Industries GmbH (Hall 1, Booth J21 and Hall 2, Booth A05) introduces the latest collaborative robot (“cobot”) in its smart item robotics (SIR) series, which can handle dynamic product lines without preliminary SKU teaching – an automated item-picking solution that works alongside humans.

The investments that customers must make to keep up with digital innovation, automation, and e-commerce are driving developments and boosting the revenues of system providers. Meanwhile, rapid technological developments necessitate the ability to constantly adapt the system layout, material flow design, and system configuration. Shuttle or AGV solutions and tugger trains are increasingly deployed to accommodate dynamic, fully automated warehouse systems and intralogistical transports with both containers and pallets. Here, the 17th LogiMAT offers many innovations and new product launches. Storax Ramada (Hall 1, Booth L70), for example, is bringing the latest version of its Ranger shuttle system to Stuttgart, while Savoye is presenting its Intelis PTS shuttle system specifically for the frozen food industry on the gallery level in Hall 1 (Booth OG30), and Knapp AG (Hall 3, Booth B03) is showing the new version of its OSR shuttle system Evo.

Typically, shuttles pass containers and pallets to stationary conveyance technology systems. But AGVs and transport shuttles are being deployed as an increasingly popular, barrier-free alternative for transports outside fully automated warehouse systems. Trapo AG (Hall 5, Booth D37) is coming to the 17th LogiMAT to unveil the Trapo Transport Shuttle (TTS), which works autonomously and can also communicate and collaborate with the Trapo Warehouse Shuttle (TWS). EXOTEC Solutions SAS (East Entrance, Booth EO30) is displaying its multi-dimensional Skypod robot shuttle system, which transports containers and can place them on shelves up to 10 meters high. Propoflex UG (Hall 1 gallery, Booth OG06) is bringing the latest developments in its mobile shelf systems.

Another trending technology in warehousing and intralogistics driven by e-commerce is overhead conveyor systems with pouch sorters. The companies currently making a name for themselves in this segment include SSI Schäfer (Hall 1, Booth D21) and psb intralogistics GmbH (Hall 1, Booths B04 and B07). Also on display are new compact systems like the Storojet storage and picking system, which ICO Innovative Computer GmbH (East Entrance, Booth EO40) is calling the world’s first automated multi-level shelf storage system.

Nor has the pace of innovation slowed among traditional warehouse and conveyance technologies or their components: The innovations and breakthroughs at LogiMAT 2019 include new light-duty conveyor systems (Blume-Rollen GmbH, Hall 3, Booth B77), pallet inspection machines (CCI Fördertechnik GmbH, Hall 3, Booth C46), sorters for small and lightweight items (EuroSort Systems B.V., Hall 3, Booth D52), innovative plastic modular conveyor belts and flat belts (Forbo Siegling GmbH, Hall 3, Booth A01), and new transfer cars whose integrated-hub rotation forks accommodate all types of unit load devices for ground-level load transfer (AFB Anlagen- und Filterbau GmbH & Co. KG, Hall 3, Booth C79). Zhejiang Damon Technology Co. Ltd. from China (Hall 1 gallery, Booth OG24) is exhibiting several new products, including its IoT-based modular conveyor platform i-G5. LT Fördertechnik GmbH (Hall 5, Booth F20) is centering its trade show presentation around a new Pegasus-class automated storage and retrieval system for automatic small-parts storage areas. Visitors to Stuttgart can also discover a wide range of products for niche areas and specialized applications, such as the new electric heavy-duty roll-out shelf system model 5003 from Lützenkirchen Lagertechnik GmbH (Hall 1, Booth K11).

Looking at the above examples, we see that among material flow solutions for the warehouse, automation and digital technology are setting the trends in conveyance technology and systems engineering developments. When it comes to designing systems and material flows, the top priority is variable systems and flexibility in the scalability of solutions. The range of options and spectrum of components that each exhibitor offers is as broad as the needs of the various customers. “In all areas – from new standalone components to the latest trends in fully automated systems – the 17th edition of LogiMAT offers one-stop shopping and the opportunity for a side-by-side comparison of the latest innovations and forward-looking solutions from all major manufacturers worldwide,” concludes LogiMAT’s Exhibition Director Ruchty. “A unique industry overview where industry professionals from around the world can find the right system for every intralogistics process.”

Event organizer: EUROEXPO Messe- und Kongress-GmbH
Joseph-Dollinger-Bogen 7 | 80807 Munich, Germany
Phone: +49 89 32 391 259 | Fax: +49 89 32 391 246
www.logimat-messe.de | www.tradeworld.de

About LogiMAT
LogiMAT 2019, the 17th International Trade Show for Intralogistics Solutions and Process Management, takes place February 19–21 on the grounds of Messe Stuttgart, directly adjacent to Stuttgart International Airport. LogiMAT, the world’s largest intralogistics trade show, offers a comprehensive overview of everything driving the intralogistics industry, from procurement to production to shipping. International exhibitors gather early in the year to showcase innovative technologies, products, systems, and solutions for streamlining operations, optimizing processes, and cutting costs in a company’s internal logistics.

TradeWorld, the Professional Platform for Trade Processes embedded within LogiMAT, features products and solutions for e-commerce and omnichannel. Beyond the exhibitor booths, visitors to this combined event can also experience a different program of presentations each day covering a wide range of topics.

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Fossil and Biofuel Research Safeguards Sales Markets

Biodiesel and bioethanol are by far the most important alternative sustainable fuels in Germany and the European Union, not only today, but also in the years ahead. In Germany alone, they contributed about 7.7 million t CO2 equivalent towards greenhouse gas reduction in 2017. These biofuels are also by far the most important alternative fuels for attaining national energy and climate protection targets in transport on a global scale. Their ever-increasing importance is reflected in the statutory framework conditions for increasing admixture levels in the USA, Brazil, Argentina, as well as Malaysia and Indonesia. As a basic precondition for market access, this biofuel or different fuel mixtures must fulfil requirements relating to engine systems and emission laws at the same time.

In light of this, comprehensive biofuel system research is essential as a market-associated measure so that anticipated potentially negative interactions of the fuels – not only with each other, but also with engine components – can be evaluated and eliminated.  Approvals for different fuel mixtures determine the international or worldwide market development. While the relevant industry groups are implementing or have to implement the required statutory requirements under emissions law in the European Union, elsewhere political pressure is mounting to anchor technological concepts and biofuels in the market. Their market success is also established in the fact that this can be integrated comparatively easily in existing distribution systems and does not therefore lead to any additional investment costs or subsidies from tax revenues, in contrast to hydrogen technology or e-mobility.

In light of this, sustainable biofuels – optimised with greenhouse gases in mind – not only need to be developed further by systematic accompanying research, but also beyond this as a globally significant admixture component, while also examining synergy effects wherever possible. In view of the highly ambitious target time framework, climate protection measures cannot afford to dispense with existing and viable future options, especially in the transport sector that is continuing to grow globally. Against this background, scientists are presenting select research topics and results in the parallel forum “Biodiesel” of the 16th International Conference”, moderated by Dr Jürgen Krahl, Chairman of the UFOP Expert Commission “Biofuels and Renewable Resources”.

Dr Thomas Garbe, Volkswagen AG, explains in his presentation the significance of biodiesel as part of the solution for future mixed fuels. The focus here is on oxymethylene ether (OME), a renewable fuel that could play an increasing role in the renewable fuel mix long-term.Martin Kortschak from the Technology Transfer Center for Automotive Technology of Coburg University of Applied Sciences (TAC) discusses the influence of biofuels on emissions in conjunction with the so-called RDE test (Real Driving Emission) as an effective tool for fuel development.Dr Lukas Möltner, MCI Management Center Innsbruck, explains the consequences resulting from the ageing of biodiesel on oxidation mechanisms and engine usability and in the required countermeasures.The significance that the ageing process can have on various petrol and diesel fuels for black in-hybrid routes is outlined by Anja Singer from the TAC Coburg in her presentation.

In view of the international importance of biodiesel and bioethanol, it must be stressed that these research results are not only important for the German and European market, but are also of global interest because the engine requirements due to vehicle changes are also set to become stricter in key production and application countries in North and South America as well as in Asia. The Conference is therefore oriented towards all international research and industry groups interested in marketing as well as research and development in the field of biofuel production and application. The Conference offers an ideal platform for bringing science and industry together in this context.

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init innovation in traffic systems SE: Handy Ticketing erobert Deutschland

More than one million users on cross-regional mobility platforms

  • Roughly 20,000 new users are added every month
  • Around 50 partners from transport association and transport companies connected
  • init group is the market leader in public transport in Germany
  • High double-digit growth rates in mobile ticketing revenues

It’s been a long journey – but mobile ticketing is now booming in Germany: "HandyTicket Deutschland", the leading cross-regional mobility platform for German public transport, has now welcomed its millionth user – and is gaining roughly 20,000 users every month. "Some 50 partners from transport associations and companies throughout Germany are offering this innovative service to their passengers. We are experiencing double-digit revenue growth rates with the mobile ticketing platform and we anticipate the use of HandyTicket Deutschland to continue to rise further. ," comments Dr Jürgen Greschner, Chief Sales Officer of init innovation in traffic systems SE, whose wholly owned subsidiary HanseCom developed the platform.

Every public transport user in Germany is familiar with the problem: you have to purchase a specific ticket for each city and each transport association. This makes travelling by bus or train complicated and less attractive. Mobile ticketing can provide a solution. However, it is often the case here too that you have to register specifically with each provider. Passengers that frequently commute between different regions need to have a dozen or so apps with separate passwords on their mobile phones. This is then followed by a billing procedure that is not easy to understand.

One stress-free ticketing app

HandyTicket Deutschland relieves passengers of this stress. Just one app gives you blanket access to the tickets of around 50 partners from transport associations across Germany. Your billing is also completely transparent and available to you in whatever mode you choose. And if the transport association allows it, with a "best price guarantee".

The sign-up of the millionth registered user highlights the success story of HandyTicket Deutschland as what is now the leading mobility platform. It is continuously extending its coverage. SNG Suhl/Zella-Mehlis, TriRegio in the border triangle, Hofbus in Hof, Hamburger Verkehrsverbund HVV and Karlsruher Verkehrsverbund KVV will be added shortly.

The advantages for the HandyTicket Deutschland partners are obvious: You do not have to make any high initial investments, a fair and transparent commission model is in place, you retain sovereignty over all customer data, your offerings provide you with access to one million users at present, you can integrate any number of multi-modal offers such as car or bike sharing as well as combination deals such as parking tickets, refuelling options, concert tickets or leisure cards.

"HandyTicket Deutschland is thus the most comprehensive mobility platform for public transport in Germany. Together with our additional system components and experience in ticketing projects in countries as diverse as Finland, the UK, Australia and the US, we can offer our customers and their passengers real added value. We make ticketing smart and are therefore on track to set ourselves apart as a system partner and full-services provider for fares and payment management with transport associations and companies worldwide," summarises Jürgen Greschner.


HanseCom, a subsidiary of init group, develops software solutions for the public transport sector. The company is an expert in the field of cross-regional, mobile ticketing, urban mobility platforms and customer management systems. With many years of experience in the industry, HanseCom supports more than 60 transport companies and associations in managing their sales processes and the sale of mobile tickets. HanseCom’s product portfolio includes the PT customer management system and the national, mobile ticketing platform HandyTicket Deutschland, which has been successfully established on the market for more than ten years. HanseCom has its headquarters in Hamburg, Germany. Further information is available under: www.hansecom.com

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Transaction volume in 9M/18 increased by 44.2 percent

Wirecard AG had an extremely successful third quarter and first nine months of the current 2018 fiscal year.

Transaction volumes processed through the Wirecard platform grew in the first nine months of 2018 by 44.2 percent to EUR 90.2 billion (9M/2017: EUR 62.5 billion).

In this period, consolidated revenues increased by 41.4 percent to EUR 1.4 billion (9M/2017: EUR 1.0 billion). In the first nine months, earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 38.0 percent to EUR 395.4 million (9M/2017: EUR 286.6 million).

In the third quarter of 2018, consolidated revenues for the Group increased by 34.8 percent to EUR 547.1 million (Q3/2017: EUR 405.9 million). EBITDA increased by 36.3 percent to EUR 150.1 million (Q3/2017: EUR 110.1 million).

Earnings after tax increased in the nine month period 2018 by 48.5 percent to EUR 250.2 million (9M/2017: EUR 168.5 million).

The cash flow from operating activities (adjusted) amounted to EUR 310.1 million. Free cash flow increased by 42.0 percent to EUR 257.3 million (9M/2017: EUR 181.2 million).

Wirecard CEO Dr. Markus Braun commented: "We expect strong business growth in both the fourth quarter of 2018 and also the coming 2019 fiscal year."

In view of the strong business performance, the Management Board has increased its EBITDA forecast for the 2018 fiscal year to between EUR 550 million and EUR 570 million (previously EUR 530 million to EUR 560 million).

The Q3/9M 2018 Interim Report as of 30 September 2018 is available on the company’s website at: ir.wirecard.com/financialreports

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OMADA A/S to receive strategic investment from CVC Capital Partners‘ Growth Fund and GRO Capital

 Omada A/S (“Omada” or the “Company”), a global leader of Identity Governance and Administration (“IGA”) software and services, today announced that CVC Capital Partners’ Growth Fund (“CVC Growth Partners” or “CVC”) and GRO Capital (“GRO”) have agreed to become new majority shareholders and provide further capital into the Company to accelerate growth.

CVC Growth Partners and GRO will partner with Omada’s management team to further accelerate Omada’s product innovation, grow its partner network in North America and Europe, enhance sales and marketing efforts, as well as continue expanding its strong position in Europe and building greater depth in the North American market.

Omada is headquartered in Copenhagen, Denmark, with over 270 employees across offices in Europe and North America. The Company helps its customers globally to govern and control users’ access rights to enterprise systems and data, reduce risk of accidental or wrongful data access, and ensure compliance with regulation (such as GDPR) as well as industry-specific legislation.

Omada’s software platform, the Omada Identity Suite (“OIS”), is a best-in-class next generation IGA solution. OIS, together with the Company’s unique best practice process framework for identity management and access governance, enables enterprises to manage identities and govern their access on an ongoing basis across heterogeneous IT systems, including major IT vendor platforms delivered on-premises and in the cloud, and a number of legacy and modern applications. The demand for Omada’s offerings has been increasing globally along with customer awareness of potential solutions to their complex identity governance challenges, and the Company has grown revenues at a compounded annual growth rate of over 40% for the last 2 years.

“We are excited about the partnership with CVC and GRO and we look forward to working with them to fulfil our joint vision to serve the majority of enterprises of the world with our strong Identity & Access Governance solution”, said Morten Boel Sigurdsson, CEO and founder of Omada. “CVC and GRO represent a unique combination of competencies that will support our expansion in North America, Europe and other markets. The need for IGA solutions is rapidly increasing across markets as more and more organizations realize the need for a flexible IGA solution to protect them from hacking, insider threats, increased compliance requirements and the consequences of GDPR.”

“The increasingly complex IT world and more stringent compliance requirements globally will continue to drive strong demand for Omada’s next generation identity governance solution, as the Company has proven its ability to successfully solve complex problems for its customers”, said Sebastian Kuenne, who leads CVC Growth Partners in Europe. “Omada represents an exciting opportunity and is a perfect fit for our growth fund, which focuses on high-growth software and technology-enabled business services companies. We, together with GRO, are thrilled to partner with Morten and the entire executive team to expand Omada’s offering and global presence."

“We have followed Omada for close to a decade and are very impressed with the product and their blue-chip customer base. This investment is perfectly aligned with GRO’s strategy of investing in outstanding technology companies and helping accelerate their growth”, said Morten Weicher, partner at GRO Capital. “Morten Sigurdsson has built a very strong team and assembled a deep bench of highly skilled and ambitious individuals operating in a unique culture of teamwork, delivery, and customer service.”

With the entrance of CVC and GROC5 Capital (“C5”) will no longer be shareholders in Omada. “We are pleased to have contributed to the growth of Omada since 2015”, said Andre Pienaar, managing partner and founder at C5 Capital.

Morten Weicher, Sebastian Kuenne, Lars Dybkjær (Managing Partner of GRO Capital), and John Clark (Managing Partner of CVC Growth Partners) will join Omada’s board of directors.

Closing of the transaction is anticipated to take place in December 2018, and is subject only to mandatory competition approvals.

About CVC Capital Partners

CVC Capital Partners is a leading private equity and investment advisory firm. Founded in 1981, CVC today has a network of 24 offices and over 490 employees throughout Europe, Asia and the U.S. To date, CVC has secured commitments of over US$110 billion from some of the world’s leading institutional investors across its private equity and credit strategies. In total, CVC currently manages over US$50 billion of assets. Today, funds managed or advised by CVC are invested in c.70 companies worldwide, employing c.212,000 people in numerous countries. Together, these companies have combined annual sales of over US$74 billion.  For further information about CVC please visit: www.cvc.com.

About CVC Growth Partners

In 2014, CVC formed a new team to target smaller growth-oriented companies through its dedicated CVC Growth Partners fund. The fund focuses on middle-market high-growth companies in the software and technology-enabled business services sectors. The fund primarily targets equity investments between $50 million and $200 million in North America and Europe.

About GRO Capital

GRO Capital is a North European private equity fund with an exclusive focus on mature B2B software and tech enabled companies with strong growth prospects. GRO Capital serves as active owners developing portfolio companies with a view to create long-term value. The partners behind GRO Capital have been investors in more than 20 technology and software related companies. Omada is the first investment in GRO Fund II, a recently raised fund with a strategy to accelerate Northern European software companies. GRO Fund II has in its first closing received capital commitments from institutional investors and multi-lateral organisations, including leading Nordic institutional investors such as Danica Pension, Sampension and Dansk Vækstkapital II. Further, through the European Investment Fund, GRO Fund II benefits from the financial backing of the European Union under the European Fund for Strategic Investments set up under the Investment Plan for Europe. In addition to Omada, GRO Capital has in GRO Fund I invested in Auditdata, Boyum IT Solutions, Tacton Systems, Targit, Trackunit, and Trifork, all successful software providers. For further information about GRO Capital please visit: www.grocapital.dk

About C5 Capital

C5 Capital Limited (C5) is a specialist venture capital firm, focused on Innovative Technologies in Cyber Security, Artificial Intelligence and Cloud Computing. Headquartered in London, C5 also has offices in Washington, Munich, Luxembourg and Bahrain. For more information, visit: www.c5capital.com



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