HIMA Group acquires Origo Solutions
ECONOMY & POLICY

HIMA Group acquires Origo Solutions

The HIMA Group, leading provider of safety-related automation solutions and headquartered in Germany, has acquired the Norwegian technology company Origo Solutions. The agreement was signed on 8 January and is effective as of 31 January.

With this transaction, both companies intend to continue their growth strategies and expand their range of solutions for the process industry and renewable energies. Main focus here is the digitalisation of functional safety, which HIMA is pushing under the motto "Safety goes digital".

"The acquisition of Origo Solutions is an important step in HIMA's global expansion and also opens up new business opportunities for both Origo Solutions and HIMA, said Steffen Philipp, Shareholder HIMA Group.

Origo Solutions was previously owned by Moreld AS (60,1 %) and Aker Capital AS (39,9 %) and a part of the Moreld Group, a leading industrial multi-disciplinary engineering group offering services across offshore energy and marine industries. Origo Solutions has developed strongly over many years in collaboration with its customers and business partners. Moreld is pleased that Origo Solutions development will now continue as part of HIMA, building on the existing strong partnership over many years. We are confident that this combination will benefit both customers and employees, said Jan Erik Rugland, Executive Vice President Moreld Group and outgoing chairman of Origo Solutions.

Origo Solutions is recognised as a market leader in safety, automation and instrumented systems for monitoring, control and protection of both offshore and onshore facilities as well as complete SCADA systems for the wind industry. For more than 20 years, Origo Solutions has been HIMA's exclusive representative in Norway.

"By joining our forces Origo Solutions and HIMA will not only strengthen our position in Scandinavia, but also open up new opportunities in the field of Renewables globally, stated J'rg de la Motte, CEO HIMA Group.

HIMA benefits from Origo Solutions Application Know-How and Origo Solutions will be able to utilize HIMA's global footprint to drive international sales, especially in the Renewables sector. As regional headquarters for Scandinavia, the Norwegian company will also take responsibility for Sales and Service in Sweden and Denmark.

Existing Origo Solutions customers will benefit from a broader application portfolio and from having access to HIMA's global sales, engineering and partner network. HIMA customers in Sweden and Denmark will be served from Norway in the future, which will lead to more efficient processes and even better support.

"It?s a Win-Win-Situation for HIMA and Origo Solutions, with multiple synergies: HIMA will benefit from our long-term experience in the development of safety applications and we at Origo Solutions will be able to utilize HIMA?s enhanced applications portfolio, global sales and service to boost our business," said Bj'rn-Tore Lenes, CEO of Origo Solutions.

HIMA will ensure continuity of the management: Bj'rn-Tore Lenes as CEO and Glenn Kjetil Nyst'l as CFO will continue to lead Origo Solutions. The one hundred associates in Kristiansand (headquarters), Stavanger and Arendal will be keep their positions and additional hires are planned. The company will continue to trade under the name "Origo Solutions" with the addition of "A HIMA Company".

The HIMA Group, leading provider of safety-related automation solutions and headquartered in Germany, has acquired the Norwegian technology company Origo Solutions. The agreement was signed on 8 January and is effective as of 31 January. With this transaction, both companies intend to continue their growth strategies and expand their range of solutions for the process industry and renewable energies. Main focus here is the digitalisation of functional safety, which HIMA is pushing under the motto Safety goes digital. The acquisition of Origo Solutions is an important step in HIMA's global expansion and also opens up new business opportunities for both Origo Solutions and HIMA, said Steffen Philipp, Shareholder HIMA Group. Origo Solutions was previously owned by Moreld AS (60,1 %) and Aker Capital AS (39,9 %) and a part of the Moreld Group, a leading industrial multi-disciplinary engineering group offering services across offshore energy and marine industries. Origo Solutions has developed strongly over many years in collaboration with its customers and business partners. Moreld is pleased that Origo Solutions development will now continue as part of HIMA, building on the existing strong partnership over many years. We are confident that this combination will benefit both customers and employees, said Jan Erik Rugland, Executive Vice President Moreld Group and outgoing chairman of Origo Solutions. Origo Solutions is recognised as a market leader in safety, automation and instrumented systems for monitoring, control and protection of both offshore and onshore facilities as well as complete SCADA systems for the wind industry. For more than 20 years, Origo Solutions has been HIMA's exclusive representative in Norway. By joining our forces Origo Solutions and HIMA will not only strengthen our position in Scandinavia, but also open up new opportunities in the field of Renewables globally, stated J'rg de la Motte, CEO HIMA Group. HIMA benefits from Origo Solutions Application Know-How and Origo Solutions will be able to utilize HIMA's global footprint to drive international sales, especially in the Renewables sector. As regional headquarters for Scandinavia, the Norwegian company will also take responsibility for Sales and Service in Sweden and Denmark. Existing Origo Solutions customers will benefit from a broader application portfolio and from having access to HIMA's global sales, engineering and partner network. HIMA customers in Sweden and Denmark will be served from Norway in the future, which will lead to more efficient processes and even better support. It?s a Win-Win-Situation for HIMA and Origo Solutions, with multiple synergies: HIMA will benefit from our long-term experience in the development of safety applications and we at Origo Solutions will be able to utilize HIMA?s enhanced applications portfolio, global sales and service to boost our business, said Bj'rn-Tore Lenes, CEO of Origo Solutions. HIMA will ensure continuity of the management: Bj'rn-Tore Lenes as CEO and Glenn Kjetil Nyst'l as CFO will continue to lead Origo Solutions. The one hundred associates in Kristiansand (headquarters), Stavanger and Arendal will be keep their positions and additional hires are planned. The company will continue to trade under the name Origo Solutions with the addition of A HIMA Company.

Next Story
Infrastructure Energy

RMC Switchgears Secures Domestic Orders Worth Rs 78.6 mn

RMC Switchgears saw its shares rise 1.01 per cent to Rs 270 after securing two domestic supply orders totalling Rs 78.6 million (mn). The orders were placed by Jaipur Vidyut Vitran Nigam and Genus Power Infrastructures and carry an execution period of six months. The company disclosed the transactions in regulatory filings. The first contract, valued at Rs 28.4 million (mn), covers the supply of 100 Amp L.T. distribution kiosks suitable for underground cabling and is governed by standard contract conditions, technical specifications and price variation formulas. The Rajasthan Transparency in P..

Next Story
Infrastructure Urban

Orient Technologies Wins Rs 762 Million (mn) NPCI Server Contract

Orient Technologies said it has received a purchase order worth Rs 762 million (mn), excluding Goods and Services Tax, from the National Payments Corporation of India for the supply of servers. The order includes supply of servers together with end-of-sale support and seven years of warranty support backed by the original equipment manufacturer. The domestic contract is slated for execution within 18 weeks according to the company's regulatory filing. The company noted that the engagement does not involve any interest from the promoter, promoter group or group companies in the awarding entity ..

Next Story
Infrastructure Urban

NBCC Secures Rs 1.0885 Billion Orders in Odisha and Srinagar

State-run construction major NBCC (India) has been awarded two domestic work orders together valued at Rs 1.0885 billion (Rs 108.85 crore), the company disclosed in a regulatory filing to the National Stock Exchange and BSE. The disclosure noted that both contracts were secured on a project management consultancy basis and are classified as domestic orders. The filing did not specify execution timelines for either project. The larger contract, valued at Rs 884.3 million (Rs 88.43 crore), was awarded by the Directorate of Technical Education and Training, Odisha, Cuttack for construction of boy..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement