Horiba completes FuelCon acquisition
Horiba Europe GmbH has agreed terms for the acquisition of FuelCon AG (FuelCon). FuelCon will become part of Horiba Automotive Test Systems – a leading supplier in the fields of engine, driveline, brake and emissions test systems. The completion of the transaction is subject to regulatory clearance.
Founded in 2001 and based in Magdeburg-Barleben, Germany, FuelCon is a leading manufacturer and supplier of R&D and end of line test beds and turnkey solutions for the e-mobility sector, with expertise in battery and fuel cell applications.
FuelCon has an enviable reputation for design and manufacture of precision high performance solutions and is trusted for its deep technical know-how by global OEMs and Tier 1s as well as international research laboratories.
This acquisition represents a strategic move from the Horiba group to increase its presence in the vehicle electrification market. The purchase will enable it to provide a comprehensive suite of test and development solutions across battery and fuel cell lifecycles. This will enable it to increase its access to the growing global market requirement for E-Mobility solutions and capitalise on the growing demand for validation technologies.
Dr George Gillespie, executive vice president, Horiba Automotive Test Systems said, ‘In line with global megatrends, we are witnessing the continued electrification of transport with a mix of pure EV and complex hybrid solutions. With this in mind, Horiba needed to find a suitable industry leader who offered a range of technical solutions that complement our existing automotive test systems business and our position of global leadership in emissions measurement. In FuelCon we have found the perfect partner.’
Mathias Bode, managing director, FuelCon, said, ‘Over the past 18 years, FuelCon has become a leader in battery and fuel cell validation solutions. With increasing number of challenging requests, we need to provide solutions that meet complex validation needs across the globe. With Horiba we have found a partner who will give us that international reach and with their track record in the manufacture of complex test and measurement solutions, they understand our need to continue to be able to respond promptly to complex customer demands.’