HARTING Technology Group, a global leader in industrial connectivity, has announced the sale of its subsidiary HARTING Systems GmbH to TMP Beteiligungsgesellschaft. Harting Systems Ltd. is a leading supplier of automated and digital checkout areas and vending machines. Upon completion of the transaction, all shares of Harting Systems Limited will be transferred to the new owner.

Peter Weichert, General Manager of Harting Systems LTD., Philip Harting, CEO of Harting Technology Group, and Dr. Christoph Barth, newly appointed General manager of New Harting Systems LTD., stand in front of the checkout area where Harting Systems is manufactured.

Philip Harting, CEO of Harting Technology Group, is pleased to announce the news: “We have now found a wonderful home for Harting Systems’ employees and customers. After many discussions between the management of Harting Systems Limited and the buyer, we are confident that TMP can take ownership of the company as a strong partner for sustainable business development. Together with our new Managing director, Dr. Christoph Barth, who has many years of experience in the management of manufacturing companies, we are confident that Harting Systems Ltd. will continue to grow successfully.”

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Dr. Christoph Barth, newly appointed Managing Director of Harting Systems LTD., is enthusiastic about his new role: “I am excited to contribute my management experience to sustainable business development. Together with all of Espelkamp’s employees, we are working to achieve a success story of profitable growth and will lead the checkout area and vending machine business successfully into the digital future.”

Harting Technology Group will place greater emphasis on its core business of “industrial connectivity” and focus on its international growth strategy. During the transition period, the Technology Group will provide services to Harting Systems Limited as a service partner. Peter Weichert, long-time General Manager of Harting Systems Limited, will also continue to serve the company. As Weichert commented: “Together with the new owners, we will continue to expand our leading position as a market and technology leader, and we see good growth potential in the areas of automated and digital checkout areas and secure vending machines.”

In the acquisition process, the foundation for further earnings growth will be laid in the coming months. This includes creating a separate new corporate architecture, a unique corporate identity, and a product and corporate brand.