-- Acquisition will make HORIBA a leading solution provider for electric vehicle battery and fuel cell system development
-- FuelCon is able to enter HORIBA's global network and provide verification solutions for increasingly complex vehicle testing needs
HORIBA Europe GmbH today announced its agreement to acquire the conditions of FuelCon AG ('FuelCon'). FuelCon will be part of HORIBA Automotive Test Systems, a leading supplier of engines, transmissions, brakes and emission test systems. Approved.
Founded in 2001 and headquartered in Magdeburg-Barleben, Germany, FuelCon is a leading manufacturer and supplier of R&D and off-line (EOL) test benches for the electronics and mobile industry with expertise in battery and fuel cell applications. Turnkey solution.
FuelCon has an enviable reputation for the design and manufacture of precision high performance solutions, and its deep technical expertise is trusted by original equipment manufacturers (OEMs) and first-tier certification bodies as well as international research laboratories. By joining HORIBA The group company, FuelCon, will be able to cope with the growing demand for increasingly complex development and verification solutions and leverage HORIBA's extensive international network.
The acquisition represents a strategic move by HORIBA Group to expand its business in the automotive electrification market and will enable HORIBA to provide a complete battery and fuel cell lifecycle testing and development solution. This will enable HORIBA to better understand electronic mobility solutions. Growing global market demand and taking advantage of the growing demand for verification technology.
Dr. George Gillespie, Executive Vice President of HORIBA Automotive Test Systems, said: 'Consistent with global megatrends, we see the continuous electrification of the transportation industry due to pure electric vehicles and complex hybrid solutions. With this in mind, HORIBA needs to find a suitable one. Industry leader, able to provide a range of technology solutions to complement our existing automotive test systems business and strengthen our global leadership in emissions measurement. FuelCon is our perfect partner.'
FuelCon Managing Director Mathias Bode commented: 'After 18 years of development, FuelCon has become a leader in battery and fuel cell verification solutions. With more and more challenging requirements, we need to be able to meet complex verifications worldwide. The solution to demand. At HORIBA, we have found such a partner that will provide us with international influence and benefit from their historical experience in producing complex test and measurement solutions, they understand that we need to continue to be complex Customer needs to respond quickly to demand. '
Dr. Robert Plank, Chief Operating Officer of HORIBA Europe GmbH, said: 'FuelCon fits perfectly with our strategic ambitions. Through their range of products and application expertise, we see a bright future. We will now be able to provide an increasingly comprehensive set of tests. And verification solutions for all-round automotive propulsion technology from internal combustion engines to electrified power systems. By introducing FuelCon to HORIBA Group and developing its Magdeburg plant into our global capabilities in fuel cell and battery test systems Center, we have taken another step in verifying the automotive business in the future and achieving our goal of becoming the number one partner to verify vehicle efficiency and performance.'