United Screens Media Acquires Klotz Digital

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United Screens Media Acquires Klotz Digital

Mar 1, 2010 9:39 AM

Munich - Mar 1, 2010 - Klotz Digital has been acquired by United Screens Media. In association with the acquisition, the companies have also entered into agreements securing the future financial support of Klotz Digital. The agreements are intended to contribute to the long-term stabilization of the company, and to insure its further economic growth.

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Dr. Andreas Gruettner has been appointed as the new Klotz Digital CEO. He takes over from Thomas Klotz, who has resigned from his position.

Gruettner has been acting as an independent entrepreneur, investing his private equity since 1993. He has acquired and accompanied 18 companies, and has taken a multitude of interim management positions. Currently, Gruettner is a member of the supervisory board of Gebrueder Rhodius.

Gruettner identifies the company's main potential for growth in the international PA market.

United Screens Media was founded in September 1999. Its business idea is to combine information, entertainment and advertisement and bring it to the consumer out-of-home.

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