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2019-27-03 - HOERBIGER sells Automation Technology Division to HAWE Hydraulik

Effective May 1, 2019, HOERBIGER is selling the Automation Technology Division to HAWE Hydraulik, Aschheim/Munich, Germany. HOERBIGER decided on this strategic step since the future prospects of the Division are significantly better under the roof of HAWE Hydraulik than if it remained part of the HOERBIGER Group. HAWE Hydraulik will retain all current HOERBIGER employees.

The Automation Technology Division manufactures a highly diversified hydraulics portfolio for a variety of markets, predominantly in low quantities and with a high degree of customization. Given this complex nature, it is difficult to create the structural prerequisites for the Division's sustainable growth and long-term stability within the HOERBIGER Group. After in-depth examination and consideration of all options, HOERBIGER has therefore decided to find a new owner specializing in the hydraulics business.

Owner-operated HAWE Hydraulik is a buyer that is very familiar with the industry and able to offer the Automation Technology Division access to the global industrial and mobile hydraulics market through a worldwide sales and service network: "We are convinced that this is the best solution for our Automation Technology Division. Our products ideally complement the HAWE portfolio, and under the roof of HAWE Hydraulik we are able to capitalize fully on our know-how and innovative strength," said Reinhold Kraus, Head of the Automation Technology Division.

HAWE Hydraulik will acquire the Automation Technology Division effective May 1, 2019. All employees and the management team will be retained. This will ensure a smooth transition in terms of supplying and supporting customers, and all contact persons will remain in place. The two parties agreed to keep the purchase price confidential.

About HOERBIGER

HOERBIGER is active throughout the world as a leading player in the fields of compression technology, drive technology and hydraulics. In 2017, its 7,300 employees achieved sales of 1.173 billion euros. The HOERBIGER brand is synonymous with components and services providing high customer value in compressors and industrial engines, automobile drivetrains, and multifaceted mechanical engineering applications. HOERBIGER industrial safety and explosion mitigation solutions save lives and protect equipment. We set standards.

About HAWE Hydraulik

HAWE Hydraulik SE is a responsible development partner with application expertise and experience in more than 70 branches of mechanical engineering. The product range includes hydraulic power units, fixed and variable displacement pumps, valves, sensors and accessories. Electronic components that are exactly attuned to the hydraulic components provide an easy initial operation, precise control and condition monitoring. The intelligent system solutions reduce energy consumption and operating costs. Compact drives save space and allow an innovative machine design. Around 2,150 employees in 16 countries and sales partners in over 40 countries provide local, professional and personal support to customers worldwide.