FuelCon will become part of HORIBA Automotive Test Systems, a leading supplier of engine, driveline, brake and emissions test systems. The completion of the transaction is subject to regulatory clearance and the value of the deal was not disclosed.
Founded in 2001 and based in Magdeburg-Barleben, Germany, FuelCon makes R&D and EOL (end of line) test beds and turnkey solutions for electric vehicles, working with global OEMs and Tier 1s as well as international research laboratories. The Magdeburg facility will become HORIBA's global centre of competence for fuel cell and battery test systems.
The deal is a strategic move for the Japan-based HORIBA group to increase its presence in the vehicle electrification market, providing a suite of test and development solutions across battery and fuel cell lifecycles.
“In line with global megatrends, we are witnessing the continued electrification of transport with a mix of pure EV and complex hybrid solutions. With this in mind, HORIBA needed to find a suitable industry leader who offered a range of technical solutions that complement our existing automotive test systems business and our position of global leadership in emissions measurement," said Dr George Gillespie, Executive Vice President, HORIBA Automotive Test Systems.
FuelCon says it was limited by capacity. “Over the past 18 years, FuelCon has become a leader in battery and fuel cell validation solutions. With increasing number of challenging requests, we need to provide solutions that meet complex validation needs across the globe. With HORIBA we have found a partner who will give us that international reach and with their track record in the manufacture of complex test and measurement solutions, they understand our need to continue to be able to respond promptly to complex customer demands,” said Mathias Bode, Managing Director, FuelCon