UnitedScreens Media AG Acquires Klotz Digital AG

March 1, 2010

Source: Kinoton

Dr. Andreas Gruettner appointed new CEO – Changes accompanied by increase in capital

KLOTZ DIGITAL AG announced that it has been acquired by UnitedScreens Media AG. In association with the acquisition, the companies have also entered into agreements securing the future financial support of
KLOTZ DIGITAL AG. The agreements are intended to contribute to the long term stabilization of the company, and to insure its further economic growth.

In accordance Dr. Andreas Gruettner has been appointed as the new KLOTZ DIGITAL AG CEO, with the intention to take the company to a new era and direction. He is taking over from Thomas Klotz, who has resigned from his position with immediate effect.

Dr. Andreas Gruettner has been acting as an independent entrepreneur, investing his own private equity since 1993. He has a highly renown reputation in restructuring companies. Throughout the years, he has acquired and accompanied 18 companies, and has taken a multitude of interim management positions.

Currently Mr. Gruettner is a member of the supervisory board of Gebrueder Rhodius GmbH & Co. KG, a notable German company, with a turnover of €100 million per year and a staff of 400. Furthermore he benefits from a long standing business consultant experience at McKinsey & Company Inc.

The take over strategy will on one hand support the company’s market position and also initiate innovations to strengthen its competitiveness. Mr Gruettner identifies the company’s main potential for growth in the international PA market. He also plans to boost KLOTZ DIGITAL AG’s position in the industry, and to increase its economic efficiency.

"Even if we will not instigate drastic strategic changes at KLOTZ DIGTIAL AG, we now have a solid new base for the company’s future development due to the UnitedScreens Media AG take over”, says Dr. Gruettner. “KLOTZ DIGITAL is now equipped with a solid financial platform and a new management, initiating important impulses for business performance improvement.”

Submit a Company

Submit News

Submit a Job

Submit an Event