HORNGROUP acquires fluid systems specialists
- FLACO offers solutions for equipping car workshops, petrol forecourts, industrial plants and vehicle fleets
- Strong FLACO brand to complement Tecalemit and PCL
Flensburg, 01 July 2021 - HORNGROUP Holding GmbH & Co. KG, a subsidiary of the listed INDUS Holding AG, is acquiring 80 percent of the shares in FLACO Geräte GmbH. With around 65 employees at its headquarters in Gütersloh, FLACO produces products and systems for fluid management in workshops, service stations and industrial operations. The medium-sized company generates annual sales of around 12 million euros.
The HORNGROUP produces and sells equipment for refuelling technology and workshop solutions for measuring, controlling and dispensing mineral oil, diesel and other fluids under the TECALEMIT brand at locations in Flensburg (DE), Sheffield (UK), Shanghai (CN), Houston (US) and Mumbai (IN). Analogue and digital tyre pressure monitoring systems are offered under the PCL brand.
"In addition to its high level of technological expertise, FLACO offers very good market access, a broad-based project business and strong direct sales. We will continue to build on these strengths in our co-operation," says Jörg F. Mayer, managing director of HORNGROUP.
FLACO will remain operationally independent in line with the INDUS strategy. Thomas Voigt, previous co-owner and managing director, will continue to run the company as managing minority shareholder and will also contribute his extensive knowledge and experience in future as a member of the management board of HORNGROUP Holding..
"When selling, it was important to us former owners to secure the long-term development of the company," says Thomas Voigt. "FLACO will continue to operate independently on the market, but at the same time - in partnership with the HORNGROUP and with a strong shareholder behind it - it will be able to open up new fields of business. Fluid technology for industry in particular offers great growth potential here."
Among other things, FLACO manufactures cooling lubricant devices for the supply and removal of lubricating and cooling emulsions for CNC machining centres. For these new FLACO products, the broad and international positioning of the HORNGROUP opens up good market access.