CONEN NOW HAS A MAJORITY SHARE IN HKS SYSTEMTECHNIK
The Conen Group has acquired a majority stake in HKS Systemtechnik GmbH based in Borchen (Germany), a specialist with more than 20 years of experience in the projection and presentation technology sectors. HKS produces and sells projection screens, information terminals and barrier-free, multimedia-capable lecterns and height-adjustable screen mounts. Due to in-house development and production, the company has a high level of delivery speed and flexibility for customer-specific adaptations. The managing partner Christian Monz will continue to lead HKS, participate in the joint group and drive growth together the Conen management team.
The Conen Group, which is based in Morbach, Germany, specializes in equipping schools and kindergartens in Western Europe, the Middle East and the USA. One focus area of the company is technical products for interactive learning, e.g. electrically adjustable mounts for electronic displays, which are increasingly replacing the classic blackboard due to digitalisation transformation.
With the acquisition of HKS Systemtechnik GmbH, the Conen Group is expanding its technical product range in the area of interactive learning and thus pursuing the expansion of its media technology expertise.
Sancovia initiated the transaction and advised the buyer throughout the process.