Quick Take
HORIBA Europe GmbH (HRIBF) has announced it has agreed to acquire FuelCon AG for an undisclosed amount.
FuelCon manufactures and supplies fuel cell and battery test equipment for the electric automotive test market.
HRIBF is acquiring FuelCon to bolster its electric vehicle test offerings and expand its footprint geographically.
Target Company
Magdeburg, Germany-based FuelCon was founded in 2001 to manufacture and distribute R&D and EOL test beds and turnkey solutions to the E-Mobility sector.
Management is headed by Managing Director Mathias Bode.
FuelCon’s primary offerings include:
- Battery packs and modules test