Preh Acquires Innoventis in Expansion Move

NOVI, Mich. - Aug. 29, 2013 - PRLog -- Novi, Mich. – In a move to increase its technology development capacity, Preh GmbH acquired Innoventis GmbH, a leading software development company headquartered in Würzburg, Germany.  Innoventis focuses on test systems, software components and engineering services in the field of motor vehicle electronic network systems and associated sectors. The innovative niche provider currently has 10 employees.

Preh plans to expand Innoventis as a software development hub, located near the University of Würzburg. With the acquisition, Preh will increase its development capacity in Germany to support its rapid growth in the global automotive electronics market. The name Innoventis and the location in Würzburg will be retained.

“Innoventis is a small but very accomplished company whose outstanding innovation talents makes it a perfect fit for Preh,” said Dr. Michael Roesnick, president and CEO of Preh GmbH.  “At the same time, this new venture also demonstrates our commitment to continued investment in our development activities in Germany, including the partnership with our Chinese shareholder Joyson.”

Since year-end 2011, the development division of Preh in Germany has grown from 287 to 364 employees. The company is also expanding internationally—including branches in Portugal, U.S.A./Mexico, Romania and China, the development workforce increased over the past two years from 316 to 437 employees currently.

On behalf of Innoventis, Managing Director Holger Englert said, “Having built and established Innoventis in the past seven years as a highly specialized software development company, we can now continue to grow in Würzburg with new perspectives, together with our long-term partner Preh. Our strong software team will provide additional support for Preh’s global growth.”

About Preh

Preh GmbH is a subsidiary of the exchange-listed Joyson Electronics, Ningbo, China (600699: Shanghai), and represents the Automotive Electronics Division of the Joyson Group. As a global automotive supplier with 3,210 employees, Preh achieved revenues of €462 million in 2012.  With headquarters in Bad Neustadt a. d. Saale, Germany, the company has production sites in Portugal, Romania, Mexico and China, as well as a development center in Novi/Detroit, Michigan, U.S.A.  Preh’s development and manufacturing skills are concentrated on climate and driver control systems, electronic control units, sensors and assembly systems for leading automobile manufacturers. For more information, please visit www.preh.com.