As of 13 July 2020, the Pepperl+Fuchs parent company will be registered as a European company (Societas Europea). This change marks the end of a gradual transition that began last year with the transformation of Pepperl+Fuchs GmbH into Pepperl+Fuchs AG.
The transition to SE supports the company’s long-term growth strategy and gives it additional agility in both consumer and capital markets. “The SE gives us a modern framework under corporate law that will enable us to gear our strategic positioning toward the future,” explains Werner Guthier, CFO of the Pepperl+Fuchs Group.
“The dynamic environment that is characterised by digitalisation topics such as Industry 4.0 and the current corona pandemic makes it more important than ever to remain agile in the face of change.” Even with its new legal structure, Pepperl+Fuchs SE will continue to remain in the hands of the existing family shareholders.
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/20072020/pepperlfuchs-registers-as-se/