Analytik Jena Sells Stake in Projects Business
In the nine-month period ending June 30, the Project Business unit, of which AJZ is a part, generated revenues of €15.1 million ($20.7 million = €0.73 = $1). AJZ’s services include consulting, lab planning, project management, contracting and training.
Jena, Germany 10/1/14—Analytik Jena has sold 50% of its share in AJZ Engineering, its projects company, to ATG Consulting & Controlling. The agreement includes an option to sell the remaining shares by December 31, 2015. “Our aim is to position AJZ Engineering for the future. In line with that, we want to act for the long term and will accompany our subsidiary on this path until the company is financially and structurally stable and the key projects in Russia and Libya have been completed successfully,” stated Analytik Jena CEO Klaus Berka. Last year, Analytik Jena reacquired 51% of the business (see IBO 11/15/13), making it the sole shareholder, and launched a restructuring program.
