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Key Investor of the Clyde Bergemann Power Group Increases Commitment

Georgenbach Company Ltd., a family business owned by Mr. Xu Qiang, has acquired all shares from the previous owners with effect from 14th of April, 2016. Mr. Xu has already been part of the Group Management and as Vice President & COO of the Clyde Bergemann Power Group responsible for the South East Asian business including China and Australia for many years. 

“The new financing basis will provide us with enough headroom to achieve our business targets, while adjusting our company to the changing market conditions and developing our business towards new products and industrial sectors”, says Franz Bartels, President & CEO of the Clyde Bergemann Power Group. “I am delighted that, in Qiang Xu, we have found a shareholder very experienced in our business and the industry.“