Authorities approve: Felss Group has acquired HMP.
We Have Been Given the Official Go-Ahead for the Acquisition of HMP by the Felss Company Group.
The Felss Company Group has acquired the two HMP companies Heinrich Müller Maschinenfabrik GmbH and HMP Umformtechnik GmbH from Pforzheim. In the final step of the acquisition process, the transaction has been checked and granted legal approval by the appropriate authorities. This means that the company Heinrich Müller Pforzheim will be an official part of the Felss Group from May 13, 2019, and that the Group will be responsible for the management of both companies from that day on.
The acquisition encompasses all shares of the two HMP companies Heinrich Müller Maschinenfabrik GmbH and HMP Umformtechnik GmbH and the HMP property in the Göppinger Strasse in Pforzheim. Felss will be taking out a long-term lease on the HMP “Im Altgefäll” premises. Both parties have agreed that the purchasing price shall not be disclosed.
In the words of the Management Board of the Felss Group under the leadership of Andreas Egelseder, Dr. Reinhard Pfendtner und Ute Salzbrenner: “With the acquisition of HMP, we are bundling the resources and strengths of two successful, long-established companies. At the same time, we are further increasing the power and pace of our innovative capabilities to prepare ourselves for the fundamental changes within our industry segment and the challenges of the future in the best possible ways.“
In view of the positive financial situation of both companies, the orders in hand, and the consistent growth strategy, there will be no redundancies or closures of company sites. According to the Management Board, “Our key objective is the creation of a single, strong company with everyone onboard.
HMP is contributing its expertise in rolling technology to our expertise in rotary swaging and axial forming to augment the group’s portfolio. This will enable Felss to strategically expand a new business segment and augment its portfolio with a further innovative technology. In addition, the acquisition enables us to make higher production capacities and specific production and process expertise available to our customers and suppliers.