Hoeft & Wessel AG

Hoeft & Wessel AG, Hanover, established by the entrepreneurs Michael Hoeft and Rolf Wessel in 1978, is a German IT hardware and software specialist focusing on public transport, parking as well as retail and logistics. Listed on the stock market since 1998, the company today is a medium-sized enterprise with sales revenues of around EUR 80 million and a workforce of more than 400 employees.

Each year around 10 per cent in terms of turnover are invested in the Research & Development division, which sets the pace in the company's technological orientation and employs about a third of the total workforce. The company operating in the business-to-business segment already generates more than 40 per cent of sales revenues abroad. In addition to Europe, the United States is one of the key target regions.

• With its Almex product brand Hoeft & Wessel is a provider of ticketing and telematics systems for public transport and check-in terminals for the airline industry.
• The British subsidiary Metric Parking is a provider of car park ticket vending machines and parking space management systems.
• With its Skeye product brand Hoeft & Wessel is a manufacturer of mobile terminals and system solutions for retail and logistics as well as point of sale systems.