INDUS Group Says PEISELER Unit KÖCO Buys Core Business Of HBS

(RTTNews) - INDUS Holding AG (INHG), a private equity firm, announced Thursday that its unit PEISELER Group's stud welding specialist KÖCO has acquired the profitable core business of HBS Bolzenschweiss-Systeme GmbH & Co. KG with economic effect from January 1.

With the deal, INDUS said it expands its Engineering segment.

HBS develops and produces stud welding equipment including control systems and power electronics, as well as automatic stud welding systems. The firm, with more than 50 employees, generates annual sales of around 13 million euros.

With the acquition, HBS' American subsidiaries, Sunbelt Stud Welding Inc. and HBS Studwelding Inc., will also become part of the INDUS Group.

Axel Meyer, member of the INDUS Board of Management responsible for the Engineering segment, said, "For the growth of INDUS group, we give particular focus on expertise in defined technology fields and international market presence. KÖCO and the entire PEISELER Group benefit from the strong international footprint of the HBS Group. On the product side, it ideally complements our existing portfolio in the field of welding equipment."