Mr Siegfried Dreschmitt was appointed to the 1st March 2012 as a new member of the executive board of Classen Vertriebs GmbH and is now responsible as Managing Director for the building supplies store activities of the Classen Vertriebs GmbH.

Classen and Välinge have executed an agreement which puts an end to their legal disputes related to fold down patent rights and creates a framework that allows easier access to the respective Megaloc® and 5G technologies for future licenses.