Skytec Group Ltd Assumes Control of Traditional Electronics Firm LOEWE

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BRATISLAVA, Slovakia, Dec 18, 2019/PRNewswire=KYODO JBN/--

"Made in Germany" with love and passion: Award-winning manufacturers of smart

entertainment solutions is taken over by Skytec

Almost 100 years, Germany has boasted LOEWE, the most exquisite yet understated

entertainment systems designer for televisions. Renowned for its accuracy in

manufacturing, LOEWE has a staggering track record of 'firsts' throughout its

history: development of the triple tube used in the Loewe OE333 radio receiver,

the first stereo color TV and one of the first flat-screen televisions in 1998.

The takeover is an exciting new chapter for extraordinary developments.

CEO Vladislav Khabliev spoke from the historic headquarters in Kronach: "We are

thrilled to write a new chapter in the success of LOEWE and to expand the brand

internationally in premium segments for sophisticated consumer electronics.

LOEWE is the go-to brand for consumers valuing independent style and iconic,

timeless design. We will further develop this approach with luxury designer

labels and premium automotive brands. Synergy with history and future is

essential. LOEWE has successfully reintroduced traditional materials to their

products which meld seamlessly with state-of-the-art technology."

Skytec has the intention to support Bavaria as a vital hub of research and

development. Khabliev leads a new team of creative and strategic minds into an

exciting new decade. 2020 will see the unveiling of some remarkable television

and audio advancements at the world's leading trade show for consumer

electronics and home appliances, IFA in Berlin. As part of the Mobile World

Congress, the entirely new smartphone category will be launched. Skytec is

excited to expand its range into this challenging and competitive sector.

Looking further into the future, 2021 will see the launch of white goods.

"Skytec has immense experience in repositioning already powerful brands such as

Blaupunkt and SHARP. It is with proven successes and expertise that LOEWE will

undoubtedly be the next success story. LOEWE becomes part of our DNA as it

joins the family business. We have a long-term commitment, dedicated strategic

teams and expert resources. Smart investments, international sustainability

partners and decades of combined experience will ensure success. Our plans are

fierce and enthusiastic," says Khabliev. "We look forward to this defying task

with great enthusiasm and excitement."

About Skytec Group Ltd

Skytec Group Ltd. is an international investment company, specializing in consumer

electronics and technology investments and ventures. The company has an excellent

track record of successfully growing and exiting start-up ventures, as well as restructuring

and relaunching brands to meet the needs of the modern consumer. The company makes

investments across Europe, CIS and Asia and utilizes the talents of proven specialists in

their respective fields. For Skytec, not even the Sky is the limit!

Contact:

behle & partner GmbH & Co. KG

Florian Richter, Jean Marc Behle

Carl-Jordan-Strabe 16

83059 Kolbermoor

Germany

Tel. 08031/ 39 116 -15/ -07

E. f.richter@behle-partner.de

Skytec Group Ltd

Vikentios Vikentiou

4 Makariou & Kalogreon Corner

Nicolaides Sea View City, Office 903-904, Block A-B

6016 Larnaca, Cyprus

Tel. +357-966-77-444

E. vikentios.vikentiou@cpm.com.cy

Source: Skytec Group Ltd