EDAG acquires Swedish Engineering Company HRM Engineering AB
Arbon/Gothenburg June 7th, 2017 EDAG strengthens the access to the Swedish market and extends the range of competencies, especially in the field of Electrics/Electronics and Software development with this acquisition.
HRM, which has been active in Sweden since the 1980s, is well established as a service partner in the Swedish automotive industry. More than 120 employees located in Gothenburg, offer comprehensive services in the areas of Electronics & Software development, Product Engineering and Quality Engineering. The company generated revenues of around 14 million Euros in 2016.
The Swedish market is characterised by a high level of dynamism in the development of automobiles and commercial vehicles and offers good growth prospects. The new constellation is therefore an important step for both companies in order to jointly achieve the set growth targets and further expand the good positioning.
"I am pleased to welcome HRM, a well-established engineering service provider with an excellent reputation, within the EDAG Group. The range of services and the customer portfolio of both companies complement each other in an ideal way. For our international customers, we are thus able to offer even more comprehensive services, especially in the future fields of Electronics & Software development ", says Joerg Ohlsen, CEO of the EDAG Engineering Group AG.