Skytec Group Ltd assumes control of traditional electronics firm LOEWE

Bratislava (ots) - "Made in Germany" with love and passion: Award-winning
manufacturers of smart entertainment solutions is taken over by Skytec

Almost 100 years, Germany has boasted LOEWE, the most exquisite yet understated
entertainment systems designer for televisions. Renowned for its accuracy in
manufacturing, LOEWE has a staggering track record of 'firsts' throughout its
history: development of the triple tube used in the Loewe OE333 radio receiver,
the first stereo color TV and one of the first flat-screen televisions in 1998.
The takeover is an exciting new chapter for extraordinary developments.

CEO Vladislav Khabliev spoke from the historic headquarters in Kronach: "We are
thrilled to write a new chapter in the success of LOEWE and to expand the brand
internationally in premium segments for sophisticated consumer electronics.
LOEWE is the go-to brand for consumers valuing independent style and iconic,
timeless design. We will further develop this approach with luxury designer
labels and premium automotive brands. Synergy with history and future is
essential. LOEWE has successfully reintroduced traditional materials to their
products which meld seamlessly with state-of-the-art technology."

Skytec has the intention to support Bavaria as a vital hub of research and
development. Khabliev leads a new team of creative and strategic minds into an
exciting new decade. 2020 will see the unveiling of some remarkable television
and audio advancements at the world's leading trade show for consumer
electronics and home appliances, IFA in Berlin. As part of the Mobile World
Congress, the entirely new smartphone category will be launched. Skytec is
excited to expand its range into this challenging and competitive sector.
Looking further into the future, 2021 will see the launch of white goods.

"Skytec has immense experience in repositioning already powerful brands such as
Blaupunkt and SHARP. It is with proven successes and expertise that LOEWE will
undoubtedly be the next success story. LOEWE becomes part of our DNA as it joins
the family business. We have a long-term commitment, dedicated strategic teams
and expert resources. Smart investments, international sustainability partners
and decades of combined experience will ensure success. Our plans are fierce and
enthusiastic" says Khabliev. "We look forward to this defying task with great
enthusiasm and excitement."

About Skytec Group Ltd

Skytec Group Ltd. is an international investment company, specializing in
consumer electronics and technology investments and ventures. The company has an
excellent track record of successfully growing and exiting start-up ventures, as
well as restructuring and relaunching brands to meet the needs of the modern
consumer. The company makes investments across Europe, CIS and Asia and utilizes
the talents of proven specialists in their respective fields. For Skytec, not
even the Sky is the limit!

Contact:

behle & partner GmbH & Co. KG
Florian Richter, Jean Marc Behle
Carl-Jordan-Straße 16
83059 Kolbermoor
Germany

Tel. 08031/ 39 116 -15/ -07
E. f.richter@behle-partner.de

Skytec Group Ltd
Vikentios Vikentiou
4 Makariou & Kalogreon Corner
Nicolaides Sea View City, Office 903-904, Block A-B
6016 Larnaca, Cyprus

Tel. +357-966-77-444
E. vikentios.vikentiou@cpm.com.cy

Additional content: https://www.presseportal.de/pm/139292/4472006
OTS: Skytec Group Ltd

Original-Content von: Skytec Group Ltd, übermittelt durch news aktuell