Hawe Holding GmbH, Aschheim, near Munich, Germany, has acquired the business units Fritz Schur Energy (FSE) and Fritz Schur Teknik (FST) from Fritz Schur Technical Group A/S, of Denmark.
Hawe Hydraulik, manufacturer of technologically advanced hydraulic solutions, bought two business units at four locations and the associated product range as of March 16. In 2021, the aforementioned business units generated sales of € 50 million and had 112 employees.
This step opens up an ideal expansion of Hawe Hydraulik's existing product portfolio for wind turbines and thus strengthens it as a system provider in that market. At the same time, Hawe will have a direct presence in Denmark as a company.
Hawe takes over all activities and employees at the existing locations. Customers of Hawe and the former Fritz Schur Energy and Fritz Schur Teknik benefit from the joint competence, the global sales and service network, and the significantly expanded product range.
After 20 years of steady growth in its Renewable Energies business unit, Hawe Group has made this acquisition as important strategic step in strengthening its market position as an innovative partner for hydraulic drives and mechatronic controls in plants for generating energy from wind, sun, and water.
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