Hoyer Expands Automation Capabilities with NowiTek Acquisition
Deal News | Dec 17, 2024 | PR Newswire Cision Hoyer
Hoyer has announced its acquisition of NowiTek, an automation solutions company specializing in SCADA platforms and PLC programming. This strategic move is designed to enhance Hoyer's offerings in energy-efficient motor solutions across various industries, including Marine, Industry, HVAC, and Energy. The acquisition aligns with Hoyer’s growth strategy to expand its capabilities in automation and sustainability. Hoyer will integrate NowiTek’s technology into its portfolio, aiming to provide advanced automated solutions that aid in energy conservation, cost reduction, and decarbonization efforts. NowiTek's renowned SCADA software platform will be absorbed into Hoyer's systems, promising improved operational efficiency in marine and industrial settings. This acquisition will also lead to Hoyer establishing a new office in Northern Jutland, integrating NowiTek’s founders into its team to drive continued innovation. NowiTek co-founder Norman Nørgaard expressed enthusiasm about scaling their solutions globally within Hoyer's vision of sustainability and innovation.
Sectors
- Automation and Control Systems
- Energy and Sustainability
- Marine and Industrial Equipment
Geography
- Denmark – The acquisition takes place with the headquarters and significant operations in Denmark.
Industry
- Automation and Control Systems – The acquisition of NowiTek, which specializes in SCADA platforms and PLC programming, relates directly to the automation and control systems industry.
- Energy and Sustainability – Hoyer's focus on energy-efficient solutions and decarbonization efforts aligns with the energy and sustainability industry.
- Marine and Industrial Equipment – Hoyer's products and the integration of NowiTek's solutions are applied in marine and industrial settings.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Hoyer | Bidding Company | Company | A global leader in energy-efficient motor solutions. |
| NowiTek | Target Company | Company | An automation solutions developer specializing in SCADA platforms and PLC programming. |
| Søren Ø. Sørensen | Chairman of the Board | Person | Chairman of the Board at Hoyer, involved in the strategic acquisition. |
| Henrik Sørensen | CEO | Person | CEO at Hoyer, involved in the strategic development following the acquisition. |
| Norman Nørgaard | Co-founder | Person | Co-founder of NowiTek, joining the Hoyer team post-acquisition. |
| Nicolai Carøe Larsen | Co-founder | Person | Co-founder of NowiTek, joining the Hoyer team post-acquisition. |
| Brian Woodward | Head of Brand, Marketing, and Communications | Person | Responsible for communications at Hoyer. |