“After more than 40 years of successful activity, the managing partners of Thum + Mahr GmbH, Peter Thum and Hanno Mahr, have decided to continue the system integration division in the future under the umbrella of the Broadcast Solutions Group and thus also arrange the business succession,” the companies announced.
Thum + Mahr GmbH will continue at its Monheim am Rhein location in Germany as a subsidiary of the Broadcast Solutions Group with 18 employees.
Peter Thum and Hanno Mahr had been the only company shareholders over its 42 years. They will continue in advisory roles.
Terms were not made public. Thum + Mahr’s Yellowtec business unit is not part of the transaction.
Stefan Mertens, who has been managing director of Thum + Mahr GmbH since 2004, will continue to manage the business of Thum + Mahr GmbH as COO. Stefan Breder, CEO of the Broadcast Solutions Group, will be CEO of Thum + Mahr GmbH.