milon and five have been united under the umbrella of milon Holding since January 1, 2020. With the acquisition of Five-Konzept GmbH & Co. KG, milon is continuing its continuous growth and at the same time strengthening its position in the future market of health, according to a press release. Both companies are commercially successful and achieved a cumulative turnover of well over 50 million euros in 2018.
milon and five have already been working closely together strategically for several years and utilize the synergies of their products and sports medicine concepts. The combination of milon's strength and endurance training systems with five's flexibility training completes a comprehensive training concept for different target groups.
The acquisition is accompanied by a restructuring of the management team: Bernd Reichle, milon's CFO for many years, will become the new CEO of milon industries GmbH on January 1, 2020. He succeeds Udo Münster, who is leaving at the end of the year. At milon Holding GmbH, five founder Wolf Harwath will become Managing Director with equal rights alongside Reichle, with group-wide responsibility for sales and marketing. Christoph Limberger remains Managing Director of Five-Konzept GmbH & Co. KG, which will remain an independent company within the milon Group.
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Source: Bodylife
Picture credits: Bodylife
Published on: 10 December 2019