ncdh Group AG, Zurich (CH), has signed an agreement with HÖRMANN Industries GmbH, Kirchseeon (D), to acquire HÖRMANN Automotive Wackersdorf GmbH (Bavaria). Closing is scheduled for the end of September 2023. For the ncdh Group, HÖRMANN Automotive Wackersdorf is the optimal complement for the growth course of the Machines business unit. In Wackersdorf, the ncdh Group AG subsidiary coomuno will locate the production of electric drive and battery modules and heatweed weed control machines. In addition, the core business of HÖRMANN Automotive Wackersdorf (electronic/mechanical assemblies, e-charging columns) will be further expanded. HÖRMANN Automotive Wackersdorf (Bavaria) employs around 60 people and is a successful industrial and assembly partner for the automotive industry, among others.
Christian Hannigan, Chairman of ncdh Group AG
For the ncdh Group the employees of HÖRMANN Automotive Wackersdorf GmbH are of central importance. The entire workforce and the management will be retained. Moreover, the company will be sustainably developed as part of the Machines Business Unit and grow dynamically as part of the ncdh Group. “I am delighted to welcome the highly skilled employees of HÖRMANN Automotive Group Wackersdorf to the ncdh Group,” said Christian Hannigan, Chairman of ncdh Group AG. “HÖRMANN Automotive Wackersdorf will play a key role in our Machines Business Unit, which is currently focusing on environmentally friendly solutions for weed control (using water instead of chemicals) as well as on e-mobility for municipalities, industry and agriculture. Wackersdorf will become ncdh Group’s centre for the production of electric drive and battery modules as well as heatweed weeding machines. In addition, HÖRMANN Automotive Wackersdorf will further expand its core business as an industrial and assembly partner for sectors such as the automotive industry.”
Dr. Michael Radke, CEO der HÖRMANN Gruppe:
The reason for the sale is that HÖRMANN Automotive Wackersdorf GmbH, which focuses on the assembly of modules and systems for the automotive industry and the assembly of charging stations for electric vehicles, no longer fits into the strategic positioning of HÖRMANN Automotive. Going forward, the Division will focus more strongly on its core competencies in the development and production of technologically sophisticated metal components and modules for the European commercial vehicle industry.
The decision to sell the subsidiary is the result of a thorough analysis of various options and the strategic realignment. “The sale of HÖRMANN Automotive Wackersdorf GmbH is an important step for the Automotive Division to secure its long-term competitiveness in view of the structural transformation in the commercial vehicle industry,” said Dr. Michael Radke, CEO of the HÖRMANN Group.
He added: “The ncdh Group is a Swiss family-owned company that shares the same, long-term values as the HÖRMANN Group and will provide an excellent new home with high growth potential for the employees who have supported HÖRMANN Automotive with great commitment and outstanding performance for more than ten years. We would like to emphasise that HAW will continue to meet its obligations to its customers and partners on the basis of the agreements reached. The transition to the new owner will be carefully planned and supported by HÖRMANN Automotive.”
About HÖRMANN Automotive Wackersdorf GmbH
HÖRMANN Automotive Wackersdorf GmbH core competency is the industrialisation and assembly of mechanical and electronic systems for the automotive industry and of charging stations for electric vehicles. HÖRMANN acquired the company from Modine Europe in 2010 and transformed it from a highly specialised production facility for passenger car cooling modules into a flexible assembly service providers for a wide range of assemblies and systems.
About ncdh Group AG
ncdh Group is a Swiss family business rooted in the Alpine region. Since its foundation in 1987, the Group has grown continuously and today comprises eight Business Units covering various sectors, including vehicle construction, weeding machines, viticulture, agricultural technologies, organic fertilisers, printing technologies, tourism and management consultancy. Its mission is to provide customers with integrated products and solutions that combine innovation, efficiency and sustainability. ncdh Group has over 700 dedicated employees and operates in more than 40 countries.
About the HÖRMANN Group
The HÖRMANN Group has grown steadily since its formation in 1955. HÖRMANN Industries GmbH is the parent company of some 30 subsidiaries operating in the Automotive, Communication, Intralogistics and Engineering segments with a high degree of entrepreneurial initiative and independence. The HÖRMANN Group aims to offer its customers specific solutions and services that provide clear benefits and economic advantages. To achieve this, the HÖRMANN Group harnesses all of the broadly diversified and connected knowledge of its workforce of around 2,900 highly qualified employees across a wide range of technology areas. In 2022, the HÖRMANN Group generated sales of EUR 686 million. For more information, visit www.hoermann-gruppe.com
