Capidea Acquires Majority Ownership of Hoyer
The Danish private equity fund Capidea has acquired a majority stake in Hoyer. Hoyer is a global supplier of energy-efficient electric motors and automation solutions.
The investment, undertaken in collaboration with the investment company Motortramp, strengthens Hoyer's strategy and its ability to deliver energy-efficient solutions and services tailored to customer needs, contributing to the green transition.
“With Capidea, we gain a committed owner who fully supports our current strategy,” says Søren Ø. Sørensen, Chairman of the Board at Hoyer. “With Motortramp’s background in the maritime sector and the continuing minority shareholder Core Sustainability Capital’s strong focus on sustainability, the combined shareholder group enhances Hoyer’s ability to deliver products and services that are fit-for-purpose, promote sustainability and are backed by unparalleled service. This ensures we continue to deliver on our promise: ‘Together, we outsmart the ordinary.’”
A Strong Strategy with Growth Potential
Hoyer's expertise in energy-efficient motors and its focus on meeting specific customer needs align perfectly with Capidea’s overarching goal of investing in mid-sized companies that play a significant role in the global green transition.
“Hoyer is a company we have followed closely for a long time, and we believe in its potential as a competitive green transition partner that can truly make a difference,” says Martin Jørgensen, Managing Partner at Capidea. “Hoyer’s current culture and growth plan form the foundation for energy-efficient motors and automated solutions, creating significant value for Hoyer’s customers. This makes Hoyer an attractive investment for Capidea.”
Strengthening Hoyer’s Strategy for Long-Term Customer Value
Hoyer remains focused on delivering solutions that meet the specific requirements of customers across industries such as Marine, HVAC, Industry, and Energy. The partnership with Capidea, which has taken over the majority stake, comes at a time of significant growth and business development for Hoyer.
“We are taking great strides forward to offer solutions that position Hoyer as a green transition partner and address our customers’ most critical challenges. We started the year with our acquisition of the software and automation company NowiTek, and now we have an ownership group that fully supports our strategy and growth journey,” says Henrik Sørensen, CEO of Hoyer.
Hoyer Facts
Founded: 1974
Headquarters: Denmark and China
Sales Offices: Europe, Asia, and the USA
Product Range: Low- and medium-voltage motors, automated solutions
Markets: Marine, Industry, HVAC, Energy
Global Employees: 250
Ownership: Capidea and Core Sustainability Capital
Capidea Facts
Founded: 2006
Danish private equity fund focusing on small and medium-sized enterprises
Capital Commitments: DKK 3.6 billion across four funds
Industries: Industry, distribution, software, and services (EBITDA: DKK 15-75 million)
Investments: 31 platform investments and over 40 add-ons since inception
Focus: Partnerships with owners and management
Motortramp Facts
Founded: 1925 as a shipping company
Motortramp is now a Danish family-rooted investment company
Broad investment portfolio valued at just over DKK 5 billion
Portfolio includes minority investments in Danish companies
Largest investment: Dampskibsselskabet Norden