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Private Investor takes a 40% stake in Funworld AG
As a specialist in development, production and vending of touch screen based entertainment terminals funworld ag, seated in Lenzing, announces the entrance of a new shareholder. As a result of the recapitalisation of the international successful Upper Austrian company, Hannes Niederhauser an Austrian living in Germany, is now holding 40 percent of the funworld shares.
The funds of the increased capital will be used for further regional expansions as well as the extension of the product range. With the launch of a new terminal generation and a new software, funworld has faced a further step and its growing process. Full order books following the trade fairs in Madrid, Düsseldorf and London, confirm the driven path and also the market entry in the USA has started successfully.
"With Hannes Niederhauser we have found a strong partner, who assures the further expansions of the brand "Photo Play" in new markets like the USA, but who also affirms us in our strategies of building up successful new business segments", explains a pleased Josef Öhlinger, majority shareholder and chairman of the board of funworld ag, about the new partner. "A first step will be to tighten the organisation and use our chances to force the power in the existing markets", informs Öhlinger about the first plans jointly agreed.
The private investor also agrees on plans regarding the continued stronger internationalisation of the company and the enlargement of the product portfolio. Hannes Niederhauser will not overtake any operational function within the company, but will bring in his international experience as new chairman of the supervisory board.
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