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transtec AG announces resignation of Chairman due to planned acquisition of majority shares by AC Cluster GmbH & Co. KG

Wednesday, 2 Apr 2014 10:07am EDT 

transtec AG:Announces Bernhard Bruscha (Chairman), Thomas Krueger, Vice-Chairman and Julius Gaiser, substitute member, decided to step down from their positions.Effective date is April 2.Says this is due to planned acquisition of majority shares of transtec AG by AC Cluster GmbH & Co. KG, company of Adiuva Capital GmbH.Court approved acquisition on March 28.Says AC Cluster GmbH & Co. KG completed acquisition of about 54.7 pct shares of transtec AG.Plans to appoint Jan Tobias Osing and Hauke Luebben to members of supervisory board. 

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