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Bremen Senate approves sale of majority shares to a new investor

At its meeting today, the Bremen Senate decided to approve the sale of Jacobs University majority shares to the Schaffhausen Institute of Technology Genossenschaft (SIT) (Source: Jacobs University Bremen).

 

September 21, 2021
 
At today’s meeting, the Bremen Senate decided to approve the sale of the Jacobs University majority shares to the Schaffhausen Institute of Technology Genossenschaft (SIT). At the beginning of 2021, the "Verein zur Förderung der wissenschaftlichen Forschung in der Freien Hansestadt Bremen" had taken over the majority shares in Jacobs University Bremen gGmbH from the Jacobs Foundation. The Senate's decision set the course for the upcoming entry of SIT as a new majority shareholder in the Jacobs University.
 
Founded in Schaffhausen, Switzerland in 2019, the Schaffhausen Institute of Technology (SIT) is a Swiss international educational and research institution founded by entrepreneurs, led by scientists, and advanced by world-class researchers. Founder of SIT is the international IT entrepreneur and scientist Dr. Serguei Beloussov.

"We welcome the decision of the Senate of the Free Hanseatic City of Bremen. Support from SIT as the new majority shareholder, along with the existing shareholders – the Jacobs University Bremen Alumni & Friends Foundation and the Reimar-Lüst Foundation – enables a common perspective for a sustainable and successful future for the Jacobs University with its more than 420 employees in research, teaching, and administration," said the Managing Directors of Jacobs University, Andrea Herzig-Erler and Professor Thomas Auf der Heyde.

"The academic success story of Jacobs University will be continued with the entry of the investor; it clearly has a future with the financial approach he has presented," said Senator for Science and Ports Dr. Claudia Schilling.