Friedrichshafen/Auerbach/Hamburg. German private investment company GENUI and the Cherry management has announced the acquisition of the international Cherry Group from ZF Friedrichshafen AG. Excellent growth prospects for the computer input device manufacturer and its employees will result from the investment.
"It was very important to us to find a new owner for Cherry that would offer the company and its employees a solid future with good prospects," explains Michael Hankel, ZF member of the Board of Management responsible for Cherry. "GENUI offers precisely such a future and is therefore an outstanding partner for Cherry." ZF will sell its 100-percent share in the subsidiary as it concentrates investment in its core business. The Cherry Group posted sales of roughly ?80 million in 2015. It has 380 employees worldwide, 280 of whom work at the company's headquarters in Auerbach, situated between Nuremberg and Bayreuth.
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