Hoeft & Wessel AG, Hanover

Hanover

Hanover or Hannover, on the river Leine, is the capital of the federal state of Lower Saxony , Germany and was once by personal union the family seat of the Hanoverian Kings of Great Britain, under their title as the dukes of Brunswick-Lüneburg...

, established by the entrepreneur

Entrepreneur

An entrepreneur is an owner or manager of a business enterprise who makes money through risk and initiative.The term was originally a loanword from French and was first defined by the Irish-French economist Richard Cantillon. Entrepreneur in English is a term applied to a person who is willing to...

s Michael Hoeft and Rolf Wessel in 1978, is a German IT hardware

Hardware

Hardware is a general term for equipment such as keys, locks, hinges, latches, handles, wire, chains, plumbing supplies, tools, utensils, cutlery and machine parts. Household hardware is typically sold in hardware stores....

 and software specialist focusing on public transport

Public transport

Public transport is a shared passenger transportation service which is available for use by the general public, as distinct from modes such as taxicab, car pooling or hired buses which are not shared by strangers without private arrangement.Public transport modes include buses, trolleybuses, trams...

, parking

Parking

Parking is the act of stopping a vehicle and leaving it unoccupied for more than a brief time. Parking on one or both sides of a road is commonly permitted, though often with restrictions...

 as well as retail

Retail

Retail consists of the sale of physical goods or merchandise from a fixed location, such as a department store, boutique or kiosk, or by mail, in small or individual lots for direct consumption by the purchaser. Retailing may include subordinated services, such as delivery. Purchasers may be...

 and logistics

Logistics

Logistics is the management of the flow of goods between the point of origin and the point of destination in order to meet the requirements of customers or corporations. Logistics involves the integration of information, transportation, inventory, warehousing, material handling, and packaging, and...

. Listed on the stock market

Stock market

A stock market or equity market is a public entity for the trading of company stock and derivatives at an agreed price; these are securities listed on a stock exchange as well as those only traded privately.The size of the world stock market was estimated at about $36.6 trillion...

 since 1998, the company today is a medium-sized enterprise with sales revenues of around EUR 100 million and a workforce of 500 employees.

Each year around EUR 8 million is invested in the Research & Development division, which sets the pace in the company’s technological orientation and employs about a third of the total workforce. The company operating in the business-to-business segment already generates more than 40 per cent of sales revenues abroad. In addition to Europe

Europe

Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...

, the United States

United States

The United States of America is a federal constitutional republic comprising fifty states and a federal district...

 is one of the key target regions.

• The Almex division is a provider of ticketing and telematics
  Telematics
  Telematics typically is any integrated use of telecommunications and informatics, also known as ICT...
  
   systems for public transport and check-in terminals for the airline
  Airline
  An airline provides air transport services for traveling passengers and freight. Airlines lease or own their aircraft with which to supply these services and may form partnerships or alliances with other airlines for mutual benefit...
  
   industry.
• The British subsidiary Metric Parking is a provider of parking space management systems.
• The Skeye division is a manufacturer of mobile terminals and system solutions for retail and logistics as well as point-of-sale systems.

In 2010, Hoeft & Wessel opened an office in Taipei

Taipei

Taipei City is the capital of the Republic of China and the central city of the largest metropolitan area of Taiwan. Situated at the northern tip of the island, Taipei is located on the Tamsui River, and is about 25 km southwest of Keelung, its port on the Pacific Ocean...

.