The Weidmuller Group has announced that the Joachim Herz Foundation, headquartered in Hamburg, Germany, has acquired a stake in Weidmuller in the form of a capital increase. The foundation now owns about 20 per cent of the family business. This investment is designed to promote WeidMuller’s long-term development and accelerate its future development process.

The Weidmuller headquarters in Daymold, Germany

MVI56-PDPMV1 Weidmuller is a global provider of solutions for electrical connectivity, automation and digitisation and has been owned by the Glasel family for nearly 100 years. Weidmuller continues to innovate while maintaining the family business tradition. By joining forces with the Joachim Herz Foundation, WeidMuller has an investor and partner whose values in education, research, sustainability and social responsibility align with its own.

Christian Glasel, Chairman of the Supervisory Board of Weidmuller and Glasel family spokesman

Ulrich Muller, CEO of the Joachim Herz Foundation, highlights: “Our foundation has always been committed to promoting the implementation of applied research projects, with a particular focus on investing in technology companies. Weidmuller, as one of the world’s leading companies, sets the standard for the industry with its outstanding quality and innovative technology. So we are confident in this investment.” Christian Glasel, Chairman of the Board of Weidmuller and spokesman for the Glasel family, added: “By partnering with the Joachim Herz Foundation, we have found a like-minded investment partner. This cooperation will help us accelerate our development process and expand our international business.”

Ulrich Muller, President of the Joachim Herz Foundation

Focus on the future and sustainable development

MVI56-PDPMV1 The collaboration is designed for long-term planning, with a particular focus on future markets and innovative solutions for electrification, automation and digitalization. Glasel further said: “The objectives of the Joachim Herz Foundation complement Weidmuller’s strategic initiatives. We share a common understanding of how innovative technologies can have a positive impact on society and the environment.”

An overview of the interior of Weidmuller’s production plant at its headquarters in Daymold, Germany

Persistent pursuit of education and sustainable development

Weidmuller and the Joachim Herz Foundation share a commitment to the advancement of education: The Joachim Herz Foundation believes that education is the foundation for building a harmonious society; Weidmuller sees education as the cornerstone of business success. The initiatives of the Weidmuller Training Center and the Peter Glasel Foundation coincide with the core principles of the Joachim Herz Foundation. The same goes for climate protection and sustainable development: both WeidMuller, a global provider of solutions in the areas of electrical connectivity, automation and digitalisation, and the Joachim Herz Foundation, a facilitator and investor, emphasize the importance of both.