The shareholder families of Sodecia and Huf have concluded the previously announced partnership.

Sodecia acquired a strategic minority stake in Huf. In a first step, Sodecia has acquired 30% of HUF and will gradually increase its shares.  With this Huf will be responsible for “Access & Authorization” in the Sodecia Group, strengthening its position as a reliable partner to customers, suppliers and financial partners.

Mr. Rui Monteiro has been announced as the new Huf CEO and will manage the company together with COO Dirk Fischer and CFO Rainer Heupel.

Huf is an impressive company with a strong legacy as a specialist for secure car access and authorization. Together, we will focus on developing, industrializing and offering solutions that meet the constantly evolving needs of our customers and their end consumers. This means not only anticipating market trends, but also defining them with cutting-edge technologies.