Pepperl+Fuchs to Convert into a European Company (SE) by 2020

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Following the now completed conversion into a stock corporation (AG), Pepperl+Fuchs has undertaken an incremental conversion into a European Company (Societas Europaea) by 2020 to ensure growth and flexibility for global challenges like Industry 4.0

Industry 4.0

Werner Guthier, CFO at Pepperl+Fuchs
Werner Guthier, CFO at Pepperl+Fuchs

Pepperl+Fuchs has decided to undertake an incremental conversion into a European Company (Societas Europaea) by 2020 to ensure its growth strategy in the long term, and to be able to face future challenges on a global scale with flexibility and agility - in particular the challenges of Industry 4.0.

Trade facilitation and expansion

"The legal regulations associated with an SE will facilitate trade and possible expansion activities in the EU area," says Werner Guthier (CFO of the Pepperl+Fuchs Group). "At the same time, the SE legal form also offers us new options on the capital markets in contrast to the GmbH legal form. Overall, we consider this to be an important step toward ensuring sustainable success for the Group in the future."

Following the now completed conversion into a stock corporation (Pepperl+Fuchs AG), the necessary legal conditions are in place for the conversion into Pepperl+Fuchs SE, in accordance with applicable EU legal requirements. 
 

Posted on July 23, 2019 - (759 views)
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