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Hoyer completes acquisition of NowiTek to advance automation and sustainability solutions

Dec 17, 2024•7 months ago

Acquiring Company

Hoyer

Acquired Company

NowiTek

HadstenBrønderslevManufacturingInformation TechnologySoftware

Description

Hoyer, a global leader in energy-efficient motor solutions, has acquired NowiTek, an automation solutions developer specialising in scalable SCADA platforms and PLC-programming. This strategic step reinforces Hoyer's commitment to bringing advanced, automated solutions that save energy, reduce costs, and contribute to decarbonisation for customers in the Marine, Industry, HVAC, and Energy industries.

Company Information

Company

Hoyer

Location

Hadsten, Central Denmark Region, Denmark

About

Hoyer is a global supplier of high-performance and energy-efficient electric motors, drives, and control systems. Since 1974, we have helped our customers operate more economically and environmentally sustainable businesses by providing solutions that are fit for purpose and support that goes all the way. Across a wide range of industries, our customers benefit from our customised solutions, ready-to-ship stock, and our fast, reliable delivery. Our advanced test centres and classification setup ensure that every solution meets the highest global standards for marine and industrial applications. With headquarters in Denmark and China and sales offices worldwide, we combine local presence and expertise with global reach.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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