On July 28, 2020, the world-renowned multinational group Siemens sold its high-end core component manufacturing company-Huba Control (hereinafter referred to as Fuba) as a whole to Wise Road Capital, a global private equity investment institution under Rongxin Alliance , And completed the contract on the same day. According to the agreement, after completion of the transaction, Zhilu Capital will have actual control of Fuba.
Swiss Fubar is a world-leading professional company focusing on pressure measurement technology. Its products cover pressure sensor chips, pressure sensors and flow sensors. The pressure measurement range of the products ranges from 1mbar to 1000bar. They are widely used in building system intelligent management, boilers, White goods, hydraulics and pneumatics, and industrial automation. Major customers include industry giants such as Siemens, Bosch and Schneider.
It is reported that in the field of gas boilers and HVAC, Swiss Fubar is the "absolute" leader in the market, with 97% of its products for export. For the past 15 years, Fuba has continued to invest in thick-film ceramic measuring chip technology, and has been put into use in a modern thick-film ceramic chip production workshop. At the same time, the company has the ability to control complex automated production, including automatic calibration and manufacturing capabilities for single-piece and mass production.
Swiss Fuba was established in 1945 and has been committed to the research of pressure sensing technology for nearly 60 years. It is the largest professional manufacturer of pressure sensors in Europe. After its establishment, it has introduced pressure sensors of -100kPa~60MPa to the market, including pressure transmitters, differential pressure transmitters, pressure switches, differential pressure switches, vacuum switches and other products, which are widely used in water conservancy, hydropower, and railway transportation. , Intelligent buildings, production automation, aerospace and other industrial automation environments.
Belonged to Siemens in 1995, engaged in the development, research and production of pressure measurement and control products. The company currently has more than 400 employees, with revenue of 100 million euros in fiscal year 2019, and both gross and net profit margins are higher than Siemens' average.
In the second half of 2019, Siemens started the divestiture of related businesses. Many institutions from Europe, the United States and China participated in the bidding. Siemens finally chose Zhilu Capital, which has an international background and rich cross-border M&A experience.
Zhilu Capital is one of the core companies of the Rongxin Industry Alliance. It has previously successfully participated in or led a number of overseas project investments, and completed a number of overseas mergers and acquisitions and joint ventures with multinational companies such as NXP, Qualcomm, and Austrian Semiconductor. It has just been announced recently that it has completed the cooperation contract with Hong Kong listed company ASM PT on the lead frame business project.
At present, China's pressure sensors basically rely on imports, and are mainly made by American giants such as Honeywell, General Electric, and Sensata. There is an urgent need for domestic import substitution. Industry experts believe that this multinational acquisition will bring high-end manufacturing technology to China, complement the shortcomings, and bring more possibilities for industry development.