Windhagen/Munich, 11. May 2017

VTC Industriebeteiligungen GmbH & Co. KG (“VTC”) from Munich acquires 100% of shares from JK-Holding GmbH (“JK”), Windhagen, from founding family Walter Kratz. In the last 30 years, the family led the company to become the global leader in the sunbed industry. The transaction ́s execution is subject to clearance by the authorities.

JK develops and distributes devices under the brand names “Ergoline”, “BeautyAngel”,”SunAngel”, “Wellsystem” and “Virobuster”. The fields of application range from cosmetic tanning to natural collagen production, treatment of vitamin deficiencies, skin disorders to the relief of orthopedic conditions with UV, near infrared devices and massage systems as well as air hygiene systems.

The JK-Group has active subsidiaries in France, Great Britain, the Netherlands, Switzerland, Canada, and the USA. As an innovative leader, JK successively extended its market leadership, with 335 employees the corporate group generated a turnover of 100 million Euro in 2016.

“JK is an excellent complement to VTC,” Stefan Leuze is delighted to say, Managing Director of VTC. “As a global leader with strong brands and experienced management JK is excellently positioned in its core business. VTC will invest in strengthening the core business further and also expects growth impulses from the fast growing fitness and beauty market. ”

“With VTC JK has found a long-term oriented and capitally strong partner, who can support JK in its further growth,” adds Walter Kratz, Founder of the JK-Group.

“As specialists in the application of light with VTC as our shareholder we are now able to efficiently organize our ambitious plans within the JK-Group to successfully implement our long-term, growth-oriented strategy,” says Herman Nanninga, CEO of the JK-Group.

“I am looking forward to the new era. It allows us a high pace of innovation as a market leader to further strengthen our core business and to develop new business fields”, says Mr. Hans-Jürgen Kreitz, CEO of JK North America.