LaCie invests in LoeweLaCie announced today its investment in Loewe AG, holding 11 percent of its voting rights.
"Loewe is the European premium brand in Home entertainment”, said Philippe Spruch, CEO of LaCie. “We are impressed by Loewe’s expertise: they developed the best TVs in the world. Our technologies can complement one another. Now is a perfect time to build a unique partnership between German TV, French Storage and Swiss Cloud.”
Loewe manufactures ans distributes televisions, Blu-ray players, DVD recorders, audio components and multi-room solutions. The public-listed company based in Germany and represented in 50 countries has around 1,000 employees for a €307 million revenue in 2010. Sophisticated customers in Europe and in selected global metropolises see Loewe as the leading premium brand in home entertainment systems. Find all information at www.loewe-int.de.
Located in Paris, LaCie is the leading manufacturer of computer peripherals for PC, Apple and Linux users. LaCie has differentiated its products through original designs and leading-edge technology. The public-listed company headquartered in France and present in North America, Europe and Asia has around 400 employees for a €267 million revenue in 2011. Find all information at www.lacie.com.
Located in Zürich, Wuala is a leading cloud storage provider in Europe. Wuala was acquired at 100% by LaCie in 2009. Find all information at www.wuala.com.
This press release includes statements that may constitute forward-looking statements. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. Although the Company believes the expectations contained in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct. These statements may involve risks and uncertainties that could cause actual results to differ materially from expected results. Such risks include, but are not limited to, risk factors described in the prospectus and in the Company's periodic and other filings. The Company assumes no obligation to update the forward-looking statements contained in this press release.