AURELIUS reinforces education business
- AURELIUS subsidiary LD Didactic acquires ELWE® Technik product portfolio
- ELWE® Technik is a long-standing premium vendor of educational systems and equipment
- High synergy effects thanks to common technology base and distribution
Munich, June 12, 2013 – The Munich-based AURELIUS Group (ISIN: DE000A0JK2A8) is systematically expanding its presence in the education segment. LD Didactic GmbH, an AURELIUS subsidiary, has acquired the product portfolio of ELWE® Technik together with the rights to the "ELWE® Technik" brand in the field of electronic education and training. Starting in September 2013, the ELWE® Technik offerings will be marketed by LD Didactic GmbH and the local distributors in each country. The production and further development of the educational systems will be based at LD Didactic GmbH’s facility in Hürth going forward.
This move helps AURELIUS’s LD Didactic subsidiary to reinforce its international market position as a premium vendor of educational systems and equipment in the field of automotive and electrical engineering as well as renewable energy. “Education is one of the big issues for the future. Following the acquisition of the UK-based Feedback Group last year, ELWE® Technik is already the second add-on acquisition for LD Didactic,” says Donatus Albrecht, the member of the AURELIUS Executive Board responsible for M&A activities. “The topic of add-on acquisitions is taking on every greater significance for the active development of our Group companies.”
The company enjoys a very good market position and has an established customer base. The internationally successful, technical educational systems from ELWE® Technik will continue to be distributed under the ELWE® Technik brand in the future. They complement the LEYBOLD and Feedback solutions for technical education and training at vocational colleges and universities. The ELWE® Technik product range represents an excellent fit with the LD Didactic solutions. A similar technology base promises to yield significant synergies.