Hoeft & Wessel AG, Hanover, established by the entrepreneurs Michael Hoeft and Rolf Wessel in 1978, is a German IT hardware and software specialist focusing on public transport, parking as well as retail and logistics. Listed on the stock market 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, the United States is one of the key target regions.
In 2010, Hoeft & Wessel opened an office in Taipei.[1]