The German city state of Bremen’s Senate is selling its Jacobs University majority shares to the Schaffhausen Institute of Technology Genossenschaft (SIT).

At the beginning of this year, the Association for the Promotion of Scientific Research in the Free Hanseatic City of Bremen took over the majority shares in Jacobs University Bremen from the Jacobs Foundation.

The Senate’s decision allows for SIT to become the new majority shareholder in Jacobs University.

Founded in Schaffhausen, Switzerland in 2019 by international IT entrepreneur and scientist Dr Serguei Beloussov, SIT is an international educational and research institution.

The managing directors of Jacobs University, Andrea Herzig-Erler and Professor Thomas Auf der Heyde, said in a joint statement: “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.”

Bremen’s senator for science and ports Dr Claudia Schilling, commented: “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.”

Date published: 22 September 2021

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