TPT March 2014

Industry News

EWM becomes a limited company

company will not alter the family-based ownership structure in any way and the character of the company will be maintained. An IPO is reported to be neither desired nor planned. EWM confirms that the new legal structure will not affect its employees, existing contracts or the subsidiaries that will continue to be run as companies with limited liability (Gesellschaft mit beschränkter Haftung – GmbH). EWM believes the limited company structure is much more suited to its future orientation and to driving forward further growth, as this company form is well established in Europe and internationally. It is also generally associated with greater entrepreneurial flexibility and more diverse opportunities for shaping the future of the business. The company believes that safeguarding the family

THE shareholders of EWM Hightec WeldingGmbH, Germany, have changed the company’s legal structure to a limited company (Aktiengesellschaft – AG) and entered it into the commercial register. The welding machine manufacturer will operate under the name EWM AG. The family-run company changed its legal form in order to take account of the company’s development over the past few years, and to set the course for the future and ensure continued dynamic growth. EWM AG is headed by Bernd Szczesny, chairman of the supervisory board; Michael Szczesny, president of the executive board; and Susanne Szczesny-Oßing, vice president of the executive board. The previous shareholders will be the sole shareholders in the new limited company. In this respect, EWM says that the transformation into a limited

Bernd Szczesny, chairman of the supervisory board of the new EWM AG

ownership of EWM in the long term is the best way to achieve this.

EWM AG – Germany Fax: +49 2680 181 244

Email: info@ewm-group.com Website: www.ewm-group.com

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M arch 2014