Detmold/Hamburg – Weidmuller announces that the Hamburg-based Joachim Herz Foundation has acquired a stake in the company as part of a capital increase. The foundation now holds approximately 20 percent of the shares in the family-owned company. This investment aims at long-term corporate development and accelerated growth.
Weidmuller, a global leader in electrical connectivity and automation, has been owned by the Gläsel family for nearly 100 years. It has continuously transformed while preserving the traditions of a family business. With the Joachim Herz Foundation, Weidmuller is gaining an investor and partner who shares its values in education, research, sustainability, and social responsibility.
"Our foundation promotes applied research projects and specifically invests in technology companies. Weidmuller is a company with an excellent global position that sets standards with its products and innovations. We see great potential in this investment," emphasizes Ulrich Müller, CEO of the Joachim Herz Foundation. Christian Gläsel, Chairman of the Supervisory Board and spokesperson of the owning family, adds: "With the Joachim Herz Foundation, we have found a co-investor who shares our vision and values. This partnership allows us to accelerate our pace of growth and expand our international activities."
Long-term perspective and sustainable focus
The collaboration is designed for the long term, with a particular focus on future markets and innovative solutions for electrification, automation, and digitalization. "The goals of the Joachim Herz Foundation and Weidmuller's strategic approach complement each other very well. We have a common understanding of how innovation positively impacts society and the environment," Gläsel adds.
Strong commitment to education and sustainability
Both partners are committed to education: For the Joachim Herz Foundation, it is the basis of a free society, and for Weidmuller, it is the basis for successful corporate development. The Weidmuller Academy and the initiatives of the Peter Gläsel Foundation align well with the core principles of the Joachim Herz Foundation. The same applies to climate protection and sustainability: Both Weidmuller as an industrial provider and user, and the Joachim Herz Foundation as a promoter and investor, emphasize these priorities.
About the Joachim Herz Foundation
The Joachim Herz Foundation was established in Hamburg in 2008 and is one of the largest foundations in Germany. It promotes education, science, and research, supporting projects aimed at ensuring the future viability of society. The foundation is particularly active in the fields of economics, natural sciences, engineering, and medicine, as well as educational support.
(Joachim Herz Foundation )
About Weidmuller
Weidmuller is a global provider of solutions for electrical connectivity, automation, and digitalization. Founded in 1850, the company has production sites and sales offices in over 80 countries. As a global player in electrical connectivity, Weidmuller achieved a turnover of more than one billion Euros in the 2023 financial year, employing around 6,000 people worldwide.
About the Peter Gläsel Foundation
The Peter Gläsel Foundation is an independent, non-profit educational foundation based in Detmold. In addition to pioneering projects, it has developed its own educational model, which is implemented in its daycare center and the Peter Gläsel Primary School. With its motto "Together.Strengthen.Educate.," the foundation continues the tradition of Peter Gläsel, who was deeply committed to equal opportunities and to developing potential through education.
(Peter Gläsel Foundation )
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