On the Way to the Group

August 1989: Martina Hörbiger, owner of the group of companies, died at the age of 87.

She bequeathed the challenge of not only continuing business operations consistent with her spirit, but also realigning the corporate structure—which in the years prior was centered predominantly around her—to the new management team, which she had appointed prior to her passing together with the Board of Trustees of the HOERBIGER Foundation

The group of companies was incrementally reorganized after 1992. Having previously been regionally organized in a variety of individual entities, business activities were assigned to the three newly formed Strategic Business Units: Compression Technology, Automation Technology, and Drive Technology.

At the same time, the oil, gas and process industries, the mechanical and plant engineering industry, and the automotive industry were defined as strategic business segments.

In 1997, in the Canton of Zug, Switzerland, HOERBIGER Holding AG became the umbrella holding organization for the Group. The Board of Directors and the Executive Board of HOERBIGER Holding AG became the new management bodies of the Group.