The establishment of the foundation has resulted in a change in the ownership of the shares. In addition to Udo Wagner and Theo Düppre, the foundation now also owns shares. The Chairman of the Foundation’s Management Board is Theo Düppre.

The Foundation will not be involved in the operational management of WIPOTEC GmbH. The current management of WIPOTEC GmbH will not change because of the foundation.

The foundation has two tasks. On the one hand, it exercises the shareholder function by holding the shares in WIPOTEC GmbH and, on the other hand, it has a charitable function. The purpose of the foundation is to promote science and research, particularly in the field of inspection and weighing technology, as well as education, especially by motivating children and young people to take an interest in scientific subjects.

Theo Düppre: “With the foundation, I have ensured the long-term continued existence of Wipotec in calm waters. I am thus adhering to our credo that Wipotec cultivates long-term partnerships. We will continue to be there for our customers with the usual reliability, quality and innovative strength, remain a growth-oriented customer for our suppliers and a stable employer for our employees”