Joint venture headquartered at the ZAL TechCenter in

The two German companies Lufthansa Technik AG of Hamburg and
Pepperl+Fuchs GmbH of Mannheim have founded an equally owned joint
venture called GmbH. The aim of this new company is to
research, develop and sell innovative automation solutions for the
aviation industry. Furthermore, it will work on solutions for the
digitalization of workshops. Its headquarters are at the ZAL
TechCenter in Hamburg-Finkenwerder, one of the largest and most
modern aviation research centers in the world. This location will
enable to network with other aviation companies.

Besides industrial workshop and factory automation solutions,
will also offer the application of optical measuring devices, digital
inspection and image processing applications and related consulting
services. The company will operate as a modern start-up and have flat
hierarchies, with the young team consisting mainly of Pepperl+Fuchs
employees and graduates of the Institute for Aircraft Production
Technology at Hamburg University of Technology.

"We are delighted to have won Pepperl+Fuchs, a leading manufacturer
of electronic components and sensors for factory and process
automation, as a partner. This will enable us to keep pursuing our
Industry 4.0 strategy and use this know-how for our processes and
products," says Bernhard Krueger-Sprengel, Senior Vice President
Engine Services at Lufthansa Technik. While was founded as
part of a concrete project at the Engine Services division, it will
however serve all Lufthansa Technik divisions as well as other
companies in the aviation industry.

For Pepperl+Fuchs, this is another milestone in its expansion
strategy. "Thanks to this joint venture, we are now able to apply our
long-term expertise in industrial automation in the aviation industry
as well. So we are especially looking forward to our close
collaboration with Lufthansa Technik," says Dr. Gunther Kegel, CEO of