HHLA AG Acquires Majority Share of iSAM AG

We’re pleased to announce today that HHLA AG, Germany‘s largest port operator, has acquired 80% of iSAM’s shares.

HHLA, founded in 1885, is based in Hamburg and well known for its very strong technical background, including an international port design & consulting business. While listed at the Frankfurt Stock Exchange (Prime Standard), the majority is still owned by the Free and Hanseatic City of Hamburg. The remaining 20% of our shares will be held by our current board members Dr. Jürgen Hellmich, Bernd Jotzo and Bernd Mann.

iSAM was founded at the initiative of Dr. Jürgen Hellmich by a group of university students more than 35 years ago, and all of them have remained on board as shareholders up to now. However, as many of us are getting closer to retirement age, it has become increasingly important to ensure a long-term perspective for the company, its employees and our customers by finding a suitable new shareholder. We are fully convinced that the transaction completed today ensures not only the long-term stability of iSAM. It will also open up new markets in the container handling automation, a technology we’ve been working on intensely over the last years.

As part of the transition into the new era, Dr. Jürgen Hellmich will hand over his responsibilities as CEO to Bernd Mann, while he will remain in charge of our business in North and South America. With Bernd Jotzo transitioning to the supervisory board, Bernd Mann will become responsible for Finance and Christian Hacks will take over Human Resources. Both will keep their existing responsibilities as CTO and COO.

There won’t be any changes to the management of our subsidiaries, and all current iSAM employees will remain available for you. Please contact us with any further questions you may have.

Sincerely,