HOERBIGER's acquisition of the BICERA™ product line from Penn-Troy enhances its market position in North America and expands its technology portfolio in hydrogen mobility.
Target Information
The Safety Business Unit has made significant advancements in 2024, establishing itself as a leader in technology through its successful eSUPPRESSOR® product. Furthermore, innovative applications in battery recycling have been developed, and the insourcing of the FAB-4 field connection box has secured a strong internal value chain. A noteworthy milestone was the inauguration of a new production facility in Changzhou, which enhances the company’s local market presence in China. The effective 'local-for-local' strategy has resulted in a marked increase in customer demand compared to the previous year.
Industry Overview in China
The market for safety solutions in China has been evolving, driven by increasing consumer awareness and regulatory requirements for safety standards across various sectors. The demand for innovative safety technologies is on the rise, particularly in industries such as manufacturing, construction, and energy. This growth presents ample opportunities for companies that can deliver advanced safety solutions tailored to local needs.
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Moreover, the focus on sustainable practices, such as battery recycling and hydrogen mobility, aligns well with global trends. These sectors are gaining momentum as
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2023
HOERBIGER
invested in
BICERA™ product line
in 2024
in a Other deal