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BIBERARCH, GERMANY — Effective April 1, Markus Handtmann and Valentin Ulrich assumed management responsibilities for the Handtmann Group of Companies. They succeed Thomas Handtmann, who has held the position of managing partner for the past 25 years. Thomas will transition to the advisory board at the end of June.

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Markus, Thomas’ son, and Ulrich, his nephew, represent the fifth generation within the family to take over management of the company.

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“Our goal is to position Handtmann well for the future so that we can continue moving forward on the path to success,” Markus said. “Our group of companies operates widely diversified, is a strong investor and employs a large number of enthusiastic people. We are very pleased to be leading this team from now on.”

Both have mechanical engineering and management experience and have held management positions at Handtmann and other companies.

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“Topics such as internationalization, innovation, digitalization and openness to new ways of working are crucial for the future of Handtmann,” Ulrich said. “We will be investing in these and other areas to create sustainable long-term value for our customers, our employees, society and our group of companies.”

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