International orientation
ZwickRoell becomes a European stock corporation (SE)
The testing machine manufacturer ZwickRoell is continuing its international expansion: This is reflected in the conversion of the parent company from the legal form of a stock corporation (AG) to a European stock corporation (Societas Europaea, or SE for short).
The responsible committees from the Management Board and Supervisory Board have now approved the conversion.
"The international ZwickRoell Group has a clear European focus. And so the international business has been further expanded in recent years. We are active in all European countries with our own sales companies or partners, which we are also taking into account with the new company form," says Klaus Cierocki, Chairman of the Executive Board of ZwickRoell SE.
Structure with Supervisory Board and Management Board remains
Following the foundation of the parent company ZwickRoell AG in 2001, the conversion to an SE marks the next step in the company's development. The conversion was carried out while retaining the identity of the legal entity. The SE continues to have its registered office in Munich, while the production and administration site remains in Ulm. In addition, the previous structure of the separation of the Supervisory Board and the Management Board remains in place.
For the company, the SE legal form enables it to continue to shape the co-determination structures, particularly in the supervisory bodies, in line with the corporate structure as a family business. In addition, the SE is an attractive legal form for international customers and qualified employees and promotes the formation of a sustainable corporate identity as well as the identification of employees with the company. Cierocki: "On the one hand, the SE is a modern and contemporary legal form, and on the other hand, it is also a legal form that is suitable in the long term and appropriate to our size and internationality, which also takes particular account of the interests of employees in Europe."
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