Hoyer Strengthens Its Market Position with NowiTek Acquisition for Enhanced Automation

Hoyer Strengthens Its Market Position with NowiTek Acquisition

Hoyer, a globally recognized provider of energy-efficient motor solutions based in Denmark, has recently cemented its growth strategy through the acquisition of NowiTek, a software developer specializing in scalable SCADA platforms. This strategic maneuver is designed to bolster Hoyer's commitment to delivering advanced, automated solutions that not only conserve energy but also cut costs for clients across various sectors including maritime, industrial, HVAC, and energy.

In a statement following the announcement, Søren Ø. Sørensen, Chairman of Hoyer, emphasized that incorporating NowiTek into the Hoyer family is a reflection of the company’s dedication to offering automation and sustainability. He noted, "This collaboration strengthens our promise to deliver purposeful solutions tailored to the evolving requirements of our customers."

Innovative Solutions for Energy Efficiency

NowiTek’s SCADA software platform is distinguished by its modular architecture, which allows for customization and flexibility. Hoyer's CEO, Henrik Sørensen, highlighted that this acquisition exemplifies Hoyer's approach to 'outsmarting the ordinary' through innovative solutions. The enhanced monitoring and motor control offered by NowiTek's software will significantly mitigate fuel consumption and energy waste, while also reducing downtime and operational costs. This unique platform can be implemented for individual vessels or scaled for fleet-wide applications, demonstrating its versatility.

The integration of NowiTek's expertise aligns with Hoyer's ongoing efforts to provide advanced solutions that meet the increasing demand for sustainable practices within industry. By improving operational efficiency and minimizing carbon footprints, Hoyer aims to lead the charge towards a greener future.

A Vision for Growth and Sustainability

As part of this acquisition, Hoyer plans to integrate NowiTek’s software capabilities into its rapidly expanding Advanced Solutions portfolio. This will also involve the establishment of a new office in Northern Jutland. Founders of NowiTek, Norman Nørgaard and Nicolai Carøe Larsen, will join the Hoyer team to spearhead further innovations within the organization.

Nørgaard expressed enthusiasm about the partnership, stating, "By joining forces with Hoyer, we can scale our platforms and present their advantages to a global audience. We are thrilled to be part of a company that shares our vision of innovation and sustainability."

Together, both teams are poised to advance Hoyer's strategy, aspiring to achieve even higher sustainability standards and contributing significantly to decarbonization initiatives. They maintain a strong commitment to Hoyer’s guiding motto: "Together we outsmart the ordinary."

Hoyer: A Leader in Energy Efficient Solutions

Hoyer, established in 1974, boasts headquarters in Denmark and China, coupled with branches spread across Europe, Asia, and the United States. The company specializes in low and medium voltage motors as well as automated solutions, catering to high-demand markets in maritime, industrial, HVAC, and energy sectors.

With a global workforce of about 250 employees, Hoyer is committed to delivering over 110,000 motors annually. The company recorded a revenue of approximately 715.4 million DKK (about 100.16 million USD) in 2023, with a projected growth forecast of 1.16 billion DKK (around 162.4 million USD) by 2027.

NowiTek, a growing company based in Brønderslev, Denmark, brings specialized automation expertise, particularly within the shipbuilding sector, focusing on electrical and mechanical systems. This acquisition not only strengthens Hoyer’s abilities but also enhances its commitment to innovative practices that support a sustainable future in the energy sector.

For further information, reach out to Brian Woodward, Head of Brand, Marketing, and Communications at Hoyer, via email at [email protected] or call +45 21949466. Explore more about Hoyer’s Advanced Solutions Suite at hoyermotors.com.