THE “OLD” MIC AG UNTIL END OF 2020
mic AG (since 2006 listed public limited company) with headquarters in Munich was founded in 2001 as a limited liability company, initially focusing on venture capital early stage investments. However, this broad portfolio did not lead to the desired success. For this reason, the company undertook a restructuring and reorientation in 2016/17. Depreciation in the investment portfolio was the consequence. This process was accompanied by Mr Andreas Empl, who has been a member of the Management Board since August 2017. His international network and the know-how he has acquired over the years led to the successful completion of the restructuring processes, which resulted in the streamlining of the old portfolio and thus the redemption of the investment in 4industries AG. Currently, mic AG holds two investments: On the one hand 14% in stock listed Securize IT Solutions, which focuses on the digitalization of workplaces and IT security, and on the other hand 100 percent in Smarteag AG, which focuses on IT-supported solutions for infrastructure monitoring. The following chart provides an overview of the investments and their subsidiaries.
Securize IT Solution AG
Stock listed Securize focuses on its Swiss subsidiary Diso AG, which concentrates on a wide range of cloud solutions for the digitalization of workstations. The range of products and services includes the necessary infrastructure, software and cloudsupported workstation solutions. At the center of the growth strategy is the complete solution Swiss Cloud Workplace (SCWP), which was created from inhouse development activities. The product enables users (mostly managers) to access their virtual desktop quickly and easily via any device. The highest security requirements are met. The target group includes larger companies in Germany and Switzerland.
Smarteag focuses on the Berlin-based company fibrisTerre Systems GmbH, which was formed as a spin-off from the Federal Institute for Materials Research and Testing. Through Distributed Fiber Optic Sensing (DFOS), the GmbH concentrates on a fiber optic-based measurement system for monitoring infrastructure facilities such as railway lines, bridges and tunnels. To be able to carry out measurements in this area, fibrisTerre has developed and patented a Brillouin Optical Frequency Domain Analysis. This enables the localization of strain or temperature changes in structures and pipes by evaluating light signals from laid fibre optic sensor cables. The fTB 5020 measuring and analysis station, which was developed in-house, continuously generates and evaluates data. The company can be pleased about a high demand, which enables fibrisTerre Systems GmbH to expand further.
A new growth phase is to be initiated with the company reorganization and restructuring of the portfolio. This also involves streamlining the structure of the holding company. Initially, the company presented itself as a three-tier holding company. Currently, sole director Andreas Empl is the only employee of the holding company. This, together with the approval of the three members of the Supervisory Board to convert 50 percent of their salaries into shares, will lead, among other things, to considerable cost savings, which can be further expanded in the future. Accordingly, the share structure of mic AG is as follows. Approximately 50 percent are in free float, more than 40 percent are held by institutional investors and 10 percent by larger private investors.