Wiesloch, 3rd March 2008 - MLP AG once again significantly strengthens the occupational pension scheme field. Subsequently MLP has entered into a strategic partnership with TPC, Germany’s leading supplier of sector-specific solutions in the occupational pension scheme field, and has acquired the company with effect from 29th February. Both parties have agreed to maintain silence concerning the acquisition price.
The Hamburg-based TPC Group is an independent consulting company that focuses on company pensions. In addition to numerous provision solutions for leading trade associations, the main company focus is upon consultation for large mid-sized companies as well as the implementation of innovative concepts such as life time work-time accounts. TPC supports a total of some 500 companies and associations.
“TPC is the ideal partner for MLP,” comments Dr. Harald Huhn, Head of Occupational Pension Scheme at MLP. “Following the extremely successful development of our business field in recent years this partnership will help us to significantly increase the number of attractive association and corporate clients and also to develop extensive common potentials.”
Following the acquisition, MLP will be represented in the future under the TPC brand (“The Pension Consultancy”) when advising large mid-sized companies. Small and medium sized companies will still be advised by those MLP consultants with special company pension licenses for companies of different sizes. “As a consequence we will be one of the very few independent consultants in Germany to cover the entire services spectrum in the occupational pension scheme area,” explains Huhn.
In the future the occupational pension scheme business division will employ around 130 staff. The TPC founders have agreed to long-term obligations to the company and will remain members of the management board under Harald Huhn.
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