Press release
Burton & Klein and HTS agree strategic cooperation
The Swiss/German HTS Global Technologies Group and financial investor Burton & Klein have recently singed a contract on a strategic cooperation. This was proclaimed by the management of both companies during a press conference in Zurich.Burton & Klein is going to take a stake in HTS Global Technologies as a minority investor, whereas the mayor shares will remain with the company’s management. However, the obtained increase in capital stock will enable HTS’s IPO.
HTS Global Technologies is one of the world-wide market leaders in electric heat tracing products. Its core competences lie with self-regulating heating tapes. To be able to continue the quick annual growth of the past three years, HTS will need to invest heavily in the extension of its marketing activities and distribution channels.
“On the basis of Burton & Klein’s investment we are still able to operate our business without depending on committed assets”, said Fabian de Soet, CEO of HTS Global Technologies.
So far Burton & Klein has focused its German investments on call centers and media companies. “The investment in HTS Global Technologies is a milestone in our investment strategies. It represents our entering of the industrial sector, which we are going to extent in the near future”, said James Barnes, Senior Vice President of Burton & Klein.
HTS Global Technologies Ltd.
Rieta de Soet
Baarerstr. 94
6300 Zug, Switzerland
Tel.: +41.41.5603605
Fax: +41.41.5603601
HTS Global Technologies is one of the world-wide market leaders in electric heat tracing products. Its core competences lie with self-regulating heating tapes.
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