Today BEKO has a shareholding of over 5 percent in BRAIN FORCE. In recent
times, the two companies have been involved in various lawsuits and official
examinations. On the occasion of the last capital issue of BRAIN FORCE HOLDING
AG, the Board did not consider BEKO HOLDING AG as a potential investor and
guarantor so that they were able to acquire shares only within the framework of
their rights issue. "We were suspicious that the Board of BRAIN FORCE were
opposing us together with the two guarantee investors Kalmund and march.sixteen,
thereby becoming a so-called White Knight", explains Professor Kotauczek. He
adds: "Therefore we called for an extraordinary general meeting to clarify the
issues around the capital increase."
"We did not have the impression that BEKO was interested in significantly
increasing their shareholding", says Helmut Fleischmann, CEO of BRAIN FORCE
HOLDING AG. "Over the past year, BEKO has undergone a major transition in terms
of their interests, focusing their investments in the fields of engineering and
product lifecycle management", endorses Mr. Fleischmann.
The earlier disputes are viewed today by both parties as misunderstandings, which should not occur again in the future. The purpose of Professor Kotauczek's membership of the Supervisory Board of BRAIN FORCE HOLDING AG is to bring a better mutual understanding of each other's business models, strategies and objectives. By moving closer together, both companies expect to benefit from considerable synergies.