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FRENER & REIFER COMPANY NEWS

FRENER & REIFER COMPANY NEWS

We would like to inform you about the current changes/developments at FRENER & REIFER:

At the beginning of the year, the management around CEO Christian Ciliberto and COO Gerhard Ploner took over the majority shareholding in FRENER & REIFER as part of a leadership change and associated management buy-out.

Thanks to the pleasingly strong growth of our company, including our international activities, and with the help of further investors around GCI Management Consulting GmbH from Munich, we were able to win important strategic partners and thus guarantee our future financial independence. In this context, we are pleased to inform you that in the meantime a capital increase in the amount of € 5.5 million has been decided upon. We are also pleased to announce the formation of FRENER & REIFER Holding AG, Munich, the next milestone for the upcoming bond issue and subsequent IPO in the Bavarian capital.

By taking this important step we would like to make our company an even more attractive and better choice for realizing the architectural dreams of our customers and business partners.

The successful first quarter of 2019, combined with the great interest in our services and the current order intake, confirm our positive outlook for the year and are the precursors and basis for the planned listing in Germany.
In order to bundle all competencies and functions more centrally at our headquarters in Bressanone/Brixen, we have been able to increase the number of local employees by 15 (10%) during the first half of the year in the course of this reorganization of operational processes.