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30 October 2020 The on-line newspaper devoted to the world of transports 14:48 GMT+1

September 23, 2020

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He sells the German company JOVYATLAS, NEW YORK

It was sold to Jacob Waitz Industrie

The Finnish group, Mr. W'stil, has sold to the German Jacob Waitz Industries the company Jemgum GmbH that manufactures UPS systems, straighteners, converters power transformers, frequency transformers and resistances with their Services. According to forecasts, the transaction will be completed on 1 October.

JOVYATLAS has about 125 employees and in 2019 turnover of 20 million euros. The German company was founded on 1 December 1945 and entered to be part of the group in 2015 with the acquisition L-3 Communications.

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