Fischer Group buys HDE SOLUTIONS
International manufacturer of stainless steel tubing takes over leading European hydroforming supplier – “a sensible and strategic enhancement of the existing product portfolio”
Achern/Menden, 2 October 2007. The Fischer Group, one of the world’s leading suppliers of stainless steel tubing, has acquired hydroforming specialist HDE SOLUTIONS GmbH. The takeover of HDE means that the Fischer Group has become one of the world’s leading suppliers of hydroforming parts overnight. The Fischer Group is headquartered in Achern, located in the Baden region, while HDE is based in the town of Menden, which is located in the Sauerland region.
“The acquisition of HDE SOLUTIONS is a highly sensible strategic enhancement of our existing product portfolio and a logical step on our path to becoming a multi-tiered supplier of high-quality metal components” according to Hans Fischer, founder and managing partner at Fischer Group. “In terms of sector orientation, product portfolio and management culture, HDE fits in perfectly with our corporate group.“ Both companies produce mainly for the international automotive industry. The Fischer Group ranks among the most important suppliers of HDE but had already established its own hydroforming capabilities. Both parties agreed that the purchase price would not be disclosed.
The Fischer Group employs 1,350 staff worldwide and is one of the main suppliers of stainless steel tubing for the automotive industry and other key sectors. The company was founded in 1969 by Hans Fischer and owns production facilities and plants in the USA, Canada, Mexico, Austria, South Africa and China.
HDE SOLUTIONS was created in 2002 after a management buyout at HDE Metallwerk GmbH, which was founded in 1817. The majority shareholders were three members of the management under the leadership of Managing Director Tom Graf. In addition, the group of partners included three investment funds. In the following years, HDE emerged as Europe’s leading supplier of internal high pressure forming (IHPF) components. The company has also operated a production facility in Chemnitz since 2005, thereby further expanding its capacity. Turnover doubled within a few years to reach approximately 45 million euros in 2006.
85 to 90 per cent of HDE SOLUTIONS’ main buyers comprise well-known manufacturers and suppliers (tier 1) from the international automotive industry, followed by heating and air-conditioning technology, mechanical engineering and apparatus engineering as well as the aerospace industry. Our customers include VW, Boysen, faurecia, Buderus, Eberspächer, Wahler, KTM and Valeo, to mention just a few. HDE currently employs around 240 staff at both locations.
After the takeover, Hans Fischer will join Tom Graf on the Management Board. Stefan Geißler, who will continue to oversee Research and Development, is also to become a Board member. There are no plans for layoffs, closures or relocations of production facilities at HDE as a result of the takeover.