The acquisition strengthens both companies' positions within this market segment, both financially and in terms of their technological offerings. The ability to leverage both companies' sales channels will help expand their market reach. Furthermore, the combined technological expertise opens new opportunities for developing new products.
"Horizont's loyal customer base and unique product features represent a significant addition to Beta Systems' portfolio," said Arne Bassler, director of strategy and communications at Beta Systems, regarding the acquisition.
"At the same time, Beta Systems' organizational capabilities, infrastructure, and technologies create significant growth opportunities for Horizont," he added.
Beta Systems acquired all the shares of HORIZONT's former partners. The acquisition was effective retroactively to October 1, 2014. HORIZONT joins the Beta Systems Group as an independently operating company and will continue to maintain direct communication with its customers. Managing Directors Josef Dirnberger and Uwe Hahm reaffirm their long-term commitment to the company: "The acquisition of Beta Systems provides HORIZONT with excellent sales prospects and comprehensive technological resources for future development.
Our customers will benefit from synergies through access to our combined product ecosystems."
