Hoerbiger Holding AG Business Report FY ended Dec. 2014

Recent Years

Financial Overview

(in million EUR)
FY ended Dec. 31, 2014 FY ended Dec. 31, 2013 Rate of change (%)
Net Sales 1,088.2 1,052.3 3.4

Recent Development

-In August 2014, the Company's facility in Changzhou, China began producing engagement bodies and engagement rings used in synchronizer systems for the Chinese market. Two machines were relocated from the Company's facility in Oberstenfeld, Germany to Changzhou in order to meet increasing demand.

-The Company announced that in March 2012, it started full-scale production of sliding sleeves for double-clutch transmissions at the new Hoerbiger Drive Technology plant in Martina-Hoerbiger-Strasse, Schongau, Germany. (From a press release on March 1, 2012)


Establishment of business focus
-In 2012, a business division of the Company, Hoerbiger Automotive Komfortsysteme GmbH, announced that it would focus on two distinct product segments. The Hydraulics segment would engage in the development and distribution of hydraulic roof drives for convertible tops, tailgates, and trunk lids. The Transmission Comfort segment would focus on pneumatic solutions for pneumatic gearshift support systems used in commercial vehicle transmissions. Prototypes would be manufactured in Schongau, Germany, and series production would be located in Boleslawiec, Poland and Auburn, Alabama, US. (From a press release on April 24, 2012)

Divestiture of Hoerbiger Drivetrain Mechatronics
-In 2012, Transmisiones y Equipos Mecanicos, S.A. de C.V., a subsidiary of Grupo KUO, S.A.B. de C.V., acquired the assets of Hoerbiger Drivetrain Mechatronics B.V.B.A., a subsidiary of the Company. Hoerbiger Drivetrain Mechatronics develops mechatronics and software for dual-clutch transmissions and recorded sales of approximately USD 17 million in 2010. (From a press release on January 12, 2012)

Divestiture of seat comfort segment
-In October 2010, Faurecia announced the acquisition of the seat comfort segment of German-based Hoerbiger Automotive Komfortsysteme GmbH, a division of the Company. The business unit, which develops and manufactures pneumatic seat comfort systems, generated sales of EUR 20 million in 2009, mainly with Audi, BMW and Mercedes-Benz. Following the sale of the seat comfort segment, Hoerbiger Automotive Komfortsysteme GmbH will focus on its core competencies of hydraulic convertible top systems and pneumatic gearshift systems. The closing of this acquisition was completed at the end of 2010. (From a press release on October 26, 2010)


-Major contracts in recent years

Company Model Parts Supplied
GAZ GAZelle Next Synchronizer systems
Opel Cascada Friction system for six-speed manual transmission
Chang'an Raeton Synchronizer system for MF626 transmission
CS75 Synchronizer system for MF626 transmission
FCA Jeep Renegade Friction system for six-speed manual transmission
Ford Mustang Synchronizer system for 6MTI500 six-speed manual transmission
Mercedes-Benz B-Class Friction system for FSG 300 six-speed manual transmission
A-Class Synchronizers
Qoros 3 sedan Synchronizers for both manual six-speed transmission and 6DCT250 dual-clutch transmission
Alfa Romeo Giulietta Hub systems, multi-cone synchronizers, single-cone rings for C635 twin-clutch transmission
GM Chevrolet Corvette Stingray Friction rings
Land Rover Range Rover Steel discs for torque converter lock-up clutch
Opel Mokka Synchronizer systems

-In 2011, the Company won supply contracts with Getrag to supply complete synchronizers for the Getrag PowerShift transmission DCT 250.

Product Development

CompactLINE synchronizer
-The Company's newly developed CompactLINE synchronizer was displayed at the 2013 International VDI Congress in Friedrichshafen, Germany. The synchronizer was developed for manual and dual-clutch transmissions in high-volume compact and mid-range car segments. The CompactLINE synchronizer is almost exclusively made from metal-formed parts, reducing its cost of production. Benefits of the synchronizer include improved shifting comfort due to an increase in friction torque and increased weight savings. (From a press release on June 11, 2013)

Investment Outside Switzerland

-In 2011, the Company announced that it will invest approximately EUR 28 million for the production of friction systems and selector sleeves at its facility in Schongau, Germany by April 2012. The reason behind the investment is a new order from Getrag Group of Germany, for the supply of complete synchronizers for the Getrag DCT 250 PowerShift transmission. Synchronizers for approximately 900,000 transmissions are scheduled to be manufactured at the Schongau location in 2012, and the volume will rise to one million units annually. The new manufacturing operation covers an area of 66,700 square feet in the existing production facility on Schongau. The building formerly housed the production of hydraulic drives for roofs and trunk lids of Hoerbiger Automotive Komfortsysteme GmbH. This operation was relocated to the Hoerbiger Boleslawiec site in Poland at the end of 2011. (From a press release on March 1, 2011)

-In 2011, the Company announced that Hoerbiger Drive Technology opened its new manufacturing plant in Changzhou, Jiangsu province, China. The newly founded entity - Hoerbiger Drive Technology (Changzhou) Co. Ltd. - is focused on the production of transmission components and synchronizer systems for the Chinese automotive industry. Operating as Hoerbiger Drive Technology Asia Pacific, the new facility will act as the Chinese headquarters of Hoerbiger Drive Technology. With its 1,700 employees, Hoerbiger Drive Technology generated sales of approximately EUR 300 million in 2010. (From a press release on October 17, 2011)

-In 2010, a division of the Company, Hoerbiger Automotive Comfort Systems, Inc., expanded its production capacity at its Auburn location, Alabama, U.S. (From a press release on January 27, 2010)


Employees by Segment

  Dec. 2014 Dec. 2013 Dec. 2012
Compression Technology 4,471 4,275 4,265
Drive Technology 1,473 1,484 1,844
Automotive Comfort Systems 412 342 337
Automation Technology 383 363 372
International Operations / Corporate Administration 265 255 221
Total 7,004 6,719 7,039

Sales by Segment

(in million EUR)
  FY ended Dec. 31, 2014 FY ended Dec. 31, 2013 FY ended Dec. 31, 2012
Compression Technology 610.3 572.0 574.0
Drive Technology 328.2 347.5 338.5
Automotive Comfort Systems 75.2 66.4 79.5
Automation Technology 67.9 59.4 56.8
Adjustment 6.6 7.0 8.1
Total 1,088.2 1,052.3 1,056.9