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November 30, 2018

FIDELITAS Industrieholding GmbH takes over the business of ERNI Electronic Solutions GmbH & Co. KG

The ERNI Group, headquartered in Bruttisellen (CH), has sold the Electronic Manufacturing Services (EMS) and central electrics business of ERNI Electronic Solutions GmbH & Co. KG, with around 60 employees, to FIDELITAS Industrieholding GmbH, Nurtingen.

As a subsidiary of FIDELITAS, INTUS Elektronik GmbH will continue the business operations in Goppingen-Eschenbach without restrictions and take over the employees. The main assets of ERNI Electronics Solutions GmbH & Co. KG were acquired as part of an asset deal.

The new Managing Director of INTUS Elektronik GmbH is Mr. Patrick Minsch, who has been successfully contributing to the operative business since mid-2017. Dr. Matthias Maier, who is responsible for the business of the INTUS parent company FIDELITAS, will support him during the transition period.

"With FIDELITAS, we are pleased to have found a buyer that on the one hand has a high level of industry expertise and on the other hand will further develop the EMS business as a strategic addition.” Rudolf Hausladen, CEO of the ERNI Group, explains the transaction. As a leading manufacturer of electronic connectivity solutions with a global network, ERNI's focus is on the automotive industry and industrial automation.

The FIDELITAS Industrieholding GmbH, Nurtingen, realizes company successions in South German mid-sized companies and has focused on companies in special situations. "We are convinced of the manufacturing possibilities and the know-how of the employees", says Dr. Matthias Maier, "and will intensively contribute to the development of the company's activities as a contract manufacturer for electronic applications from the first product idea to series production".

ERNI Electronics GmbH & Co. KG

Seestraße 9

73099 Adelberg

Germany

ERNI Asia Holding Pte Ltd

23A Serangoon North Avenue 5

#04-11

554369 Singapore

Singapore

ERNI Electronics China Ltd

Haide 3 Road 195#, Nanshan District

Room 1006, Block C, Tianli Central Plaza

518054 Shenzhen City

China

ERNI Electronics Inc.

2201, Westwood Avenue

23230 Richmond, VA

United States