EANS-News: Hoeft & Wessel streamlines Group structure

Hannover / Germany, 4 May 2011. (euro adhoc) -

Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement.

Subtitle: Peter Claussen leaving the company

The Hoeft & Wessel Group is
streamlining its Group structures. In future, CEO Hansjoachim Oehmen and member of the Board of Management Thomas Wolf will jointly run the technology company which is aiming for sales revenues of over EUR 96 million for the year 2011. Peter Claussen will be leaving the company once his contract expires in the middle of the year. The streamlining of the Group´s hierarchical structures results in a new, cross-divisional allocation of responsibilities for the downsized Board of Management and for second-tier management. It also leads to even closer cooperation between the two main locations of Hannover, Germany, and Swindon, UK. The resultant synergies are expected to contribute to a further improvement in the operating result.

"In the past 15 years, Mr Claussen has contributed a great deal to the expansion and internationalisation of business at Hoeft & Wessel AG. On behalf of the Supervisory Board and the entire company, I would like to thank Mr. Claussen for his contributions and wish him all the best and every success for the future," said Prof. Dr. Dr.-Ing. Dr. h.c. Klaus E. Goehrmann, Chairman of the Supervisory Board of Hoeft & Wessel AG.

Press kit with photos of the members of the Board of Management:
http://www.presseportal.de/pm/12945/hoeft_wessel_ag/

The Company
The Hoeft & Wessel Group is the leading IT and engineering technology Group for ticketing, parking and mobile solutions in Germany and Great Britain. Established in 1978 by the two entrepreneurs who gave the company its name and listed on the stock market since 1998 (ISIN DE0006011000), the enterprise has developed into a group of companies with sales revenues of nearly EUR 100 million and a workforce of 500 employees. Its main locations are Hannover, Germany, and Swindon, UK, to the west of London.

end of announcement euro adhoc

company: Höft & Wessel AG Rotenburger Str. 20 D-30659 Hannover phone: +49-511-6102-0 FAX: +49-511-6102-411 mail: ir@hoeft-wessel.com WWW: http://www.hoeft-wessel.com sector: Technology ISIN: DE0006011000 indexes: TecDAX, Prime All Share, Technology All Share

stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin, Hamburg, Stuttgart, Düsseldorf, Hannover, München language: English

Rückfragen & Kontakt:

Arnd Fritzemeier
Tel.: +49-511-6102-300
E-Mail: PR@hoeft-wessel.com

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