Qvest Media Gains a New Majority Shareholder with the RAG-Stiftung

Qvest Media Gains a New Majority Shareholder with the RAG-Stiftung posted: 05/09/2016

The systems architect continues to expand internationally

The Qvest Media Group has a new majority shareholder. With its planned closing at the end of September 2016, the RAG-Stiftung (RAG Foundation) will be acquiring a majority of the shares in Qvest Media from the company's founders, Gunnar Wellen and Peter N then, through its investment company RAG-Stiftung Beteiligungsgesellschaft mbH. The shareholdings include all subsidiary companies of the Qvest Media Group in Germany, the United Arab Emirates and Singapore. The transaction is subject to approval by the antitrust authorities. The management of Qvest Media is planning to build further upon their successful international growth path as a result of the new partnership and open up new business areas and markets.

With Qvest Media, the RAG-Stiftung is investing in a leading systems house for media and information technology through its subsidiary company. Digital networking is one of today's social mega-trends and is reflected, among other things, in the rapid rise of web applications and new media, says Dr Helmut Linssen, Financial Director of the RAG-Stiftung. Investing in promising sectors for the future is a part of our long-term portfolio strategy. With Qvest Media, we are taking another important step forward and are delighted to be investing in a global business that, like us, has its local base in North Rhine-Westphalia, Linssen explains.

As a leading systems architect for consultancy regarding technical and operational media business processes as well as for the design, development and construction of media technology infrastructures, Qvest Media is currently involved in more than 60 technological projects worldwide. As part of these, the company implements audio, video and IT-supported production and distribution systems for public service and privately-owned TV, news and media networks, telecommunications providers, sports organisations and content platform operators. Although its services and operations divisions are already highly regarded, the company still sees significant room for potential growth.

Digital networking already pervades large parts of our lives today. Consumers expect to be able to access online media content such as images, videos, games and information anywhere, at any time and from multiple sources. The increasingly important interplay between new technologies, systems and providers requires an expierenced partner like Qvest Media. Important issues that are a particular focus for our customers include video-on-demand and over-the-top services, which large providers such as Amazon, Apple and Netflix are already offering successfully. Furthermore, we continue to be heavily involved with artificial intelligence for media analysis and media data management, as well as the digital utilisation, distribution and commercialisation of content, says Peter N then, CEO of Qvest Media. With the RAG-Stiftung by our side, we will further develop these new business areas and actively address new markets, N then explains.

The company will continue to be managed by Peter N then as CEO of the Qvest Media Group. Gunnar Wellen will be leaving the management board and will continue to serve the company as an advisor.

About the RAG-Stiftung (RAG Foundation)

The private-law RAG-Stiftung was founded in 2007. Its task is to establish sufficient assets by the end of 2018 to be able to finance the long-term liabilities of the German coal-mining sector in the Ruhr and Saar regions from 2019.

About Qvest Media

Qvest Media is a world leading systems architect in the fields of broadcasting and media technology, specialising in the television, media and telecommunications industries. The company has locations in Cologne, Berlin, Munich, Dubai and Singapore with a team of over 180 employees. With a powerful spectrum of services consisting of consulting & development, systems integration and service & support, Qvest Media offers 360 expertise in the design, development, implementation and operational support of media technology infrastructures. With its business unit professional products, Qvest Media has specialised in the selection and distribution of AV and broadcasting IT products. Its partner network in this field includes the most innovative and important hardware and software manufacturers. Qvest Media is also one of the biggest suppliers of dry-hire equipment and systems solutions for live broadcasting of events, sports and entertainment. Today, Qvest's customer base includes eminent international broadcasters, telco providers and media networks such as ARD and ZDF, Sky, RTL, Al Arab, SRG, Al Jazeera, MediaCorp, beIN SPORTS, Dubai Media Incorporated, SES ASTRA, Deutsche Telekom, Etisalat, Turner Broadcasting, etc.

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