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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. 

05/02/2025

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