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© mariusz-szachowski-dreamstime.com Electronics Production | June 28, 2013

Growing together: Körber and LTi Group

The Lust family sells majority share in LTi Group to Körber AG. LTi's specialisation in drive and automation engineering, energy technology and sensors expands portfolio of Hamburgbased corporation.
The acquisition which has been confirmed by the cartel authority on, will open up new opportunities and major prospects for Lti.

An company with a tradition stretching back over 40 years, LTi is focused on investment in new technologies and steady growth. By joining Körber, LTi is safeguarding future growth and technology development so as to grow even stronger in its existing business fields, utilising and expanding existing structures on both a national and international scale.

Körber management board member Hildemar Böhm comments: "LTi is a very good fit with us because we have extensive applications experience specifically in those areas. Together we will be able to exploit new growth opportunities, especially on international markets."

LTi Group managing director Dr. Wolfgang Lust comments: "The Körber Group was established, like ourselves, as a family business, and is today fully owned by the Körber Stiftung charitable foundation. LTi has thus found a sustainable partner to ensure its longterm future."

Dr. Wolfgang Lust will be joining Körber AG where he will be responsible for the strategic development of the Automation, Sensors and Photovoltaic division.

The ultimate object for the family in this decision was to grow the company as a whole, maintaining and developing its technological standards and expanding business nationally and international, while preserving the philosophy of founder Karl-Heinz Lust. Under the Körber umbrella the established LTi brand name will remain and be strengthened
further.

"We are delighted at having found the ideal partner for LTi in the Körber Group, and we look forward to utilising the new growth prospects which the move opens up," states Dr. Lust.

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