OTS - Skytec Group Ltd assumes control of traditional electronics firm LOEWE
2019. December 17. 15:50
Bratislava, 17 December, 2019 (APA/OTS) - "Made in Germany" with
love and passion: Award-winning manufacturers of smart
entertainment solutions is taken over by Skytec
Almost 100 years, Germany has boasted LOEWE, the most exquisite
yet understated entertainment systems designer for televisions.
Renowned for its accuracy in manufacturing, LOEWE has a staggering
track record of 'firsts' throughout its history: development of the
triple tube used in the Loewe OE333 radio receiver, the first
stereo color TV and one of the first flat-screen televisions in
1998. The takeover is an exciting new chapter for extraordinary
developments.
CEO Vladislav Khabliev spoke from the historic headquarters in
Kronach: "We are thrilled to write a new chapter in the success of
LOEWE and to expand the brand internationally in premium segments
for sophisticated consumer electronics. LOEWE is the go-to brand
for consumers valuing independent style and iconic, timeless
design. We will further develop this approach with luxury designer
labels and premium automotive brands. Synergy with history and
future is essential. LOEWE has successfully reintroduced
traditional materials to their products which meld seamlessly with
state-of-the-art technology."
Skytec has the intention to support Bavaria as a vital hub of
research and development. Khabliev leads a new team of creative and
strategic minds into an exciting new decade. 2020 will see the
unveiling of some remarkable television and audio advancements at
the world's leading trade show for consumer electronics and home
appliances, IFA in Berlin. As part of the Mobile World Congress,
the entirely new smartphone category will be launched. Skytec is
excited to expand its range into this challenging and competitive
sector. Looking further into the future, 2021 will see the launch
of white goods.
"Skytec has immense experience in repositioning already
powerful brands such as Blaupunkt and SHARP. It is with proven
successes and expertise that LOEWE will undoubtedly be the next
success story. LOEWE becomes part of our DNA as it joins the family
business. We have a long-term commitment, dedicated strategic teams
and expert resources. Smart investments, international
sustainability partners and decades of combined experience will
ensure success. Our plans are fierce and enthusiastic" says
Khabliev. "We look forward to this defying task with great
enthusiasm and excitement."
About Skytec Group Ltd
Skytec Group Ltd. is an international investment company,
specializing in consumer electronics and technology investments and
ventures. The company has an excellent track record of successfully
growing and exiting start-up ventures, as well as restructuring and
relaunching brands to meet the needs of the modern consumer. The
company makes investments across Europe, CIS and Asia and utilizes
the talents of proven specialists in their respective fields. For
Skytec, not even the Sky is the limit!
Contact:
behle & partner GmbH & Co. KG
Florian Richter, Jean Marc Behle
Carl-Jordan-Straße 16
83059 Kolbermoor
Germany
Tel. 08031/ 39 116 -15/ -07
E. f.richter@behle-partner.de
Skytec Group Ltd
Vikentios Vikentiou
4 Makariou & Kalogreon Corner
Nicolaides Sea View City, Office 903-904, Block A-B
6016 Larnaca, Cyprus
Tel. +357-966-77-444
E. vikentios.vikentiou@cpm.com.cy
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