BERLIN — (03-09-20) — Singapore-Based CDH Investments acquires major stake into the WOW Tech Group. In a move meant to leverage its strong reputation with consumes as well as accelerate expansion globally, WOW Tech management brought in global private equity group CDH Investments as a financial partner.
“We are extremely excited about this partnership,” said Thomas Lanyi, managing director of CDH Investments. “We identified the tremendous potential of the industry and had been actively searching for a high-quality, professionally managed company to commit our capital and expertise. During the course of last year’s discussions, we developed strong confidence in the management, products and business model of the WOW Tech organization,” said Lanyi.
Thomas continued…”The company is the industry’s leading innovator with strong technological know-how, a genuine care for consumers’ needs, and a relentless commitment to delivering premium quality products that consumers love. CDH will strongly support the continuation of the current business platform and add significant resources to empower the management team around CEO Johannes von Plettenberg to accelerate the global expansion of the company, organically and through acquisitions.” said Lanyi.
According to Johannes von Plettenberg, CEO of WOW Tech Group, CDH believes strongly in the long-term prospects of the global sexual wellness industry and intends to invest significant resources into WOW Tech’s innovation and marketing activities to further grow the business.
“In recent years, WOW Tech has worked intensively to build strong relationships and become a reliable and trustworthy partner for retailers worldwide,” said Plettenberg. “With CDH, we found an investor that is committed to continuing that path of striving for excellence in our products and services with us. We are very excited and are looking forward to WOW Tech’s ongoing development” said Plettenberg.
The management of WOW Tech and the currently invested German group of investors, advised by Rigeto Unternehmerkapital GmbH, remain shareholders in WOW Tech and continue to hold strategic and operative functions.
Pictured above from left: WOW Tech CEO Johannes von Plettenberg and CDH Investments Managing Director Thomas Lanyi.
Article by: Andy Powell, Staff Writer
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