AFP
Heckler & Koch’s Ownership is Changed

Heckler & Koch’s Ownership is Changed 23 July, 2020

A Luxembourg-based financial holding company, Compagnie de Développement de l’Eau (CDE), has taken over a majority stake in the company.

HK made an announcement in German: The Federal Ministry for Economic Affairs and Energy has given the Compagnie de Développement de l’Eau (CDE) approval to acquire a majority stake in H&K AG. New majority shareholder supports economic recovery and thus guarantees long-term stability. CDE stands by locations and the “Green Country Strategy” and wants to expand Heckler & Koch’s technology leadership.

The Federal Ministry for Economic Affairs and Energy (BMWi) granted the shareholder Compagnie de Développement de l’Eau (CDE) SA, Luxembourg, approval to acquire a majority stake in H&K AG on July 15, 2020. The board of H&K AG was informed today that the CDE owns a majority stake in H&K AG.

The CEO of H&K AG, Dr. Jens Bodo Koch says: “We are very interested in clear and stable ownership. With a financially strong, long-term oriented majority owner like CDE, the economic stability of H&K is now sustainably guaranteed. The consolidation course we have taken since 2018 can now be continued consistently. ”

After years of losses, H&K again achieved a profit of EUR 1.6 million in the past year.

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