News German managers buy Palmer Hargreaves

German managers buy Palmer Hargreaves

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Jörn Langensiepen, Iris Heilmann (photo l.) And Susanne Hoffmann, who have jointly headed Palmer Hargreaves Germany since 2013, now hold the majority in the Palmer Hargreaves group.

Palmer Hargreaves boss Langensiepen and the managing directors of Palmer Hargreaves Germany, Heilmann and Hoffmann, have previously been involved in the British agency group. It is now 100 percent owned by them, together with the investment company of the savings banks in the Aachen, Krefeld and Mönchengladbach area, S-UBG.

As part of the management buy-out, the agency group is relocating its headquarters from England to Germany and bundling all activities in the newly founded holding company PH1 based in Cologne. The operating business should continue to be managed under the Palmer Hargreaves brand. The new PH1 group includes locations in Cologne with around 150 employees, Leamington Spa in the UK with 20 and Shanghai with ten employees. The Moscow location was sold to the managing director there at the end of 2019.

According to their own statements, the next steps of the management trio will include the establishment of an internationally oriented industry offering for mobility services and the expansion of the range of digital services based on current technical developments. Additional focus should be on innovation topics such as AI and marketing automation.

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