VTC acquires JK-Group
- Worldwide leading manufacturer of therapeutic and medical devices for fitness, healthcare and beauty industry
- Continuation of long-term growth path with new shareholder
Windhagen/Munich, 11. May 2017
VTC Industriebeteiligungen GmbH & Co. KG ("VTC") from Munich acquires 100% of shares from JK-Holding GmbH ("JK"), Windhagen, from founding family Walter Kratz. In the last 30 years the family led the company to become the global leader with the brand "Ergoline". The transaction´s execution is subject to clearance by the authorities.
JK develops and distributes devices under the brand names "Ergoline", "BeautyAngel","SunAngel", "Wellsystem" and "Virobuster". The fields of application include natural collagen production, treatment of vitamin deficiencies, skin disorders to relief of orthopaedic conditions with UV, near infrared devices and massage systems as well as air hygiene systems.
The JK-Group has active subsidiaries in Canada, France, Great Britain, the Netherlands, Switzerland and USA. As an innovative leader JK successively extended its market leadership. With 360 employees the corporate group generated a turnover of 100 million Euro in 2016.
"JK is an excellent complement to VTC", Stefan Leuze is delighted to say, Managing Partner of VTC. "As a global leader with strong brands and an experienced management JK is excellently positioned in its core business. VTC will invest in strengthening the core business further and additionally expects growth impulses from the fast growing fitness and beauty market."
"With VTC JK has found a long-term oriented and capitally strong partner, who can support JK in its further growth", adds Walter Kratz, Founder of the JK-Group.
VTC Industriebeteiligungen GmbH & Co. KG is a dynamically growing industrial holding company based in Munich. VTC invests exclusively with its own funds and in addition to the acquisition of new investments aims to support the further development of its group companies. With 5.300 employees VTC currently generates an annual turnover of 750 million Euro. www.vtc.de
Phone +49 (2224) 818-696
VTC Industriebeteiligungen GmbH & Co. KG
Richard G. Ramsauer
Phone +49 (89) 64949-100