Management Will Share Majority Ownership of All NovaStor Companies

NovaStor’s management has joined a group of investors to assume majority ownership of all NovaStor companies from Novavisions AG.

Within the framework of the transaction, the management team will share majority ownership of all NovaStor companies with an investor group. Novavisions AG will remain an important minority shareholder.

This management and investor acquisition of majority ownership underscores a belief that NovaStor has a bright future and is well-positioned in the global market for data protection.

No strategic changes are planned as a result of the transaction. Under the direction of Stefan Utzinger, CEO, and Mike Andrews, Managing Director USA, the company’s strengths will be further enhanced, and market opportunities will be identified and targeted faster.

Quality and reliability remain the key focus of any further development. At the same time, NovaStor intends to continue to distinguish itself from competition by maintaining its excellent personal service.