31 Jul 2018
Rohde & Schwarz increases its commitment to network security
Rohde & Schwarz has held a majority interest in LANCOM since November 2016. To consolidate the growth strategy of both companies, the Munich-based technology group is now increasing its interest in the Germany manufacturer of network infrastructure solutions for business and the public sector to 100 percent. LANCOM Systems will operate as an independent subsidiary within the group.
LANCOM founder Ralf Koenzen and Co-Managing Director Stefan Herrlich will continue to run LANCOM's business and assume additional responsibilities within the group. Ralf Koenzen will head the newly founded Networks & Cybersecurity Division at Rohde & Schwarz, which will also integrate Rohde & Schwarz Cybersecurity. Stefan Herrlich will become a member of the supervisory board of Rohde & Schwarz Cybersecurity GmbH. Rohde & Schwarz has been active in the field of IT security for over 20 years and since 2016 has been putting together a diverse and innovative portfolio for information and network security in this subsidiary.
"The increased commitment of Rohde & Schwarz opens up further outstanding growth opportunities for LANCOM. We will use joint innovations to open up new markets and press ahead with the internationalization of our business," explains LANCOM founder and Managing Director Ralf Koenzen. "We are pleased to enter this long-term commitment with LANCOM with its great track record of success," says Bosco Novak, member of Rohde & Schwarz corporate management and supervisory board member of Rohde & Schwarz Cybersecurity GmbH. "In just a very short time, the partnership has resulted in highly exciting developments that we will benefit from even more in the future. In the age of Industry 4.0, we are also leading the way in securing networked infrastructures."
The protection of digital communications and data plays an increasingly important role in times of global networking. Risks for companies, government authorities and critical infrastructures are rising dramatically. Accordingly, Rohde & Schwarz is increasingly committed to this future market,
The transfer of the shares is subject to the approval of the German Federal Cartel Office. The parties have agreed not to disclose the purchase price.
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