About the Company

The Hoeft & Wessel Group is the leading German IT and engineering technology group for mobile, ticketing and parking solutions. Established in 1978 by the entrepreneurs of the same name, the Group today generates sales revenues of around EUR 100 million with a workforce of 500 employees. It has been listed on the stock market since 1998 (ISIN DE0006011000). Headquarters are in Hanover, Germany, and Swindon, UK, west of London. In Germany, the Hoeft & Wessel Group is perceived as a German company and in the UK as a British company.

The annual investment volume in the Research & Development division, which sets the pace in the Group’s technological orientation and employs more than a third of the total workforce, amounts to approximately 10 per cent in terms of turnover.

In line with its internationalisation strategy, the Group operating in the business-to-business segment already generates more than 50 per cent of sales revenues abroad. In addition to Europe, the United States is one of the key target regions.

• In Europe, the Almex division is among the leading providers of ticketing and telematics systems for public transport and check-in solutions for the airline industry.
• The British subsidiary Metric Parking is one of the largest global providers of car park ticket vending machines, parking space management systems as well as comprehensiveservices.
• As one of Europe’s largest manufacturers, the Skeye division provides a wide range of mobile terminals, e. g. for retail and logistics, as well as point-of-sale solutions. Skeye is the market leader in Germany’s retail sector.