Hoeft & Wessel AG

The Hoeft & Wessel AG is a German company of information technology. The Skeye division manufactures mobile data acquisition devices for trade and logistics as well as cash, the Almex ticket machines, electronic ticket printer, check- in kiosks and toll station terminals as well as the Metric business park terminals and parking systems.

Description

The company was founded in 1978 by Michael Hoeft and Rolf Wessel. Founded in 1980, Hoeft & Wessel GmbH was converted in 1998 into the Hoeft & Wessel AG, which went public on the Neuer Markt of the Frankfurt Stock Exchange in the same year. Since 2003, the share belongs to the Prime Standard market segment. Hoeft & Wessel is listed in the Lower Saxon stock index NISAX20.

In 2011, Hoeft & Wessel posted a loss of almost 11 million euros at around 88 million euros in sales, which led to the dismissal of some 60 of the 300 employees at the head office in Hanover in 2012.

Shareholders

As of September 24, 2008

  • 40.60 % - H & W Holding GmbH
  • 0.58% - Rolf Wessel
  • 0.43% - Michael Hoeft
  • 47.88 % - free float

Investments

The following companies, Hoeft & Wessel AG holds 100% each:

  • Hoeft, Wessel & Dr. Dressler GmbH, Leipzig ( Germany ) ( distribution of mobile data acquisition devices )
  • Metric Group ( barriers and pay stations for parking management ) Metric Group Holdings Ltd.. , Swindon ( England)
  • Metric Group Ltd. , Swindon ( England)
  • Metric Group Inc., New Jersey (USA)

Products

Mobile data collection devices from Hoeft & Wessel will be used in the case Edeka, Globus, Rewe, Woolworth and the Swiss Post.

Ticket machines from Hoeft & Wessel are in numerous major transport companies, especially in the German-speaking area in use, for example when the DB Group and the Üstra. The toll plazas Toll Collect Terminals were built from Hoeft & Wessel.

Parking machines and parking space system of the Hoeft & Wessel subsidiary Metric to be used internationally in many communities with regional focus in the UK and USA.

The core business of Hoeft & Wessel is in research, development and service. The preparation of both the data collection equipment and the machine is done, however, with external service providers.

Hoeft & Wessel installed until 2011 200 stationary ticket vending machines Almex in the canton of Geneva, which are operated by a reduced power consumption with solar cells and are independent of the power grid.

Types of business entity Aktiengesellschaft International Securities Identification Number Check-in
395857
de