Dr Michael Bartels has been appointed to the position of CEO Global of BIT Group as of August 1, 2020.

The sale of Castolin Eutectic from MEC Holding GmbH to a financial investor has been successfully completed on June 30, 2020. As part of this transaction, Marcel Messer and Christian Ladermann have been appointed to managing directors at MEC Holding GmbH.

PARAGON PARTNERS, one of the leading, independent private equity firms in Europe, acquires all shares in Castolin Eutectic (www.castolin.com), the globally leading provider of wear protection and repair solutions for industrial equipment, from the Messer Group.

In the past years, Augmented Reality (AR) and Virtual Reality (VR) have seen tremendous growth. The technical possibilities in different markets are increasing and the use of AR and VR goes far beyond the boundaries of the entertainment industry.