Industrial endoscopy: KARL STORZ transfers joint venture shares to partner

Tuttlingen, 12.05.2021: Following a successful market establishment of the joint venture KARL STORZ NDTec, which has specialized in the sales of industrial endoscopes since 2018, KARL STORZ is now transferring its shares to the joint venture partner, which is represented by the managing directors Thomas Weinberger and Rainer Zibuschka. In the future, KARL STORZ NDTec will be 100% owned by the joint venture partner.

Since its establishment in 2018, KARL STORZ and the joint venture partner, the former company NDTec, combined their expertise in the field of industrial endoscopy for non-destructive testing. KARL STORZ’ expertise in rigid industrial endoscopes and NDTec’s focus on flexible industrial endoscopes provided an ideal starting point to offer more targeted answers to the specific needs of industrial customers.

“We are convinced that the strategy of serving industrial customers in a focused and specialized manner will continue to be the right way forward for healthy growth in this industrial market. With the management team of KARL STORZ NDTec we have found experts who are passionate and visionary about further developing this market segment,” said Karl-Christian Storz – CEO and shareholder of KARL STORZ SE & Co. KG.

KARL STORZ will remain closely associated with the industry expert KARL STORZ NDTec as a supplier for a transitional period. Furthermore, this step supports KARL STORZ’ strategic focus on the medical endoscopy market that was already initiated since 2018.