HORIBA Europe GmbH has agreed to terms for the acquisition of FuelCon AG, a 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 will become part of HORIBA Automotive Test Systems—a supplier in the fields of engine, driveline, brake and emissions test systems. The completion of the transaction is subject to regulatory clearance.
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 capitalize on the growing demand for validation technologies.
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.—Dr. Robert Plank, COO, HORIBA Europe GmbH