The acquisition is part of HORIBA’s move into EVs
HORIBA Europe has agreed terms for the acquisition of FuelCon AG. 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 EOL (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.
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.
HORIBA Automotive Test Systems executive vice-president Dr George Gillespie 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.”