HORIBA Automotive to Acquire FuelCon AG

HORIBA Europe GmbH has  announced that it has agreed terms for the acquisition of FuelCon AG, which 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 EOL (end of line) test beds and turnkey solutions for the E-Mobility sector, with expertise in battery and fuel cell applications. Through joining the HORIBA group of companies, FuelCon will be able to respond to the growing need for increasingly complex development and validation solutions and harness HORIBA’s extensive international network.

This acquisition represents a strategic move from the HORIBA group to increase its presence in the vehicle electrification market. The purchase will enable HORIBA to provide a comprehensive suite of test and development solutions across battery and fuel cell lifecycles. This will enable HORIBA to increase its access to the growing global market requirement for E-Mobility solutions and capitalise on the growing demand for validation technologies.

Dr Robert Plank, COO, HORIBA Europe GmbH said: “We regard FuelCon as the perfect fit for our strategic ambitions. With their range of products and their applications expertise, we see a great future ahead of us. We will now be able to offer an increasingly comprehensive suite of test and validation solutions for a full range of automotive propulsion technologies moving from combustion engines to electrified powertrains. By bringing FuelCon into the HORIBA group of companies and developing their Magdeburg facility as our global centre of competence for fuel cell and battery test systems, we take another step in future-proofing our automotive business and achieving our aim of becoming the number one partner for validating vehicle efficiency and performance.”

Notes to Editors

Category: General Update, News