news-details
Business

HIMA Group Reports Record Sales Growth in 2023

The HIMA Group, a family-owned leader in safety-related automation solutions, has announced a landmark year, recording its highest-ever financial performance in 2023. The company's global footprint and its offerings for the process industry and railway technology are set for further expansion.

In 2023, HIMA achieved sales of 151.4 million euros, marking an organic growth of 12%. The acquisition of Sella Controls in February 2023 contributed to an overall sales increase of 20%. "Our growth strategy, centered on digitalizing functional safety and international expansion, yielded significant returns in 2023," stated Jörg de la Motte, CEO of the HIMA Group.

"HIMA's profitable growth in 2023 provides a robust foundation for future investments," added Dr. Michael Löbig, CFO of the HIMA Group. Regionally, Europe remains the dominant market with a 55% share of sales, followed by Asia (20%), the Middle East (17%), and the Americas (8%).

Strengthening Global Presence and Expansion

HIMA continues its international expansion strategy. Following the acquisition of UK-based Sella Controls, HIMA also acquired Norwegian technology company Origo Solutions in February 2024. "Both acquisitions are pivotal in elevating HIMA’s global solution portfolio," noted Jörg de la Motte. Dr. Michael Löbig added, "We are making excellent progress with integration."

HIMA secured a significant order from Norwegian energy giant Equinor for equipment supply to onshore and offshore plants. Origo Solutions' development of the SCADA+ system extends HIMA's reach into renewable energy sectors.

The company's local presence grew with new locations in Saudi Arabia and the expansion of operations in Slovakia and the Middle East. A subsidiary in India is set to open by the end of the year. Where HIMA lacks a direct presence, it strengthens its partner program to extend engineering and support capabilities globally.

Advanced Solutions and Successful Projects

HIMA achieved milestones across various sectors, including new rail projects in the UK, Italy, and India. The railway industry, alongside the process industry, remains a core market for HIMA. Thanks to Sella Controls, HIMA has enhanced its product and solution portfolio, including the development of an overspeed prevention solution for UK rail projects and securing the earthing system in Italy's high-speed train tunnel, Galleria Ceraino. Additionally, a partnership with an Indian firm has been established to develop the Automatic Train Protection System, "Kavach."

In the process industry, HIMA drives the digitalization of functional safety. "Our digital safety lifecycle solutions assist operators in maintaining safe and compliant operations," explained Jörg de la Motte. At ACHEMA 2024, HIMA will showcase innovations such as the Smart Safety Test and the Safety Navigator training platform. The FLOWorX pipeline management solution has been enhanced to monitor and secure hydrogen pipelines, addressing the unique risks they pose.

In collaboration with cybersecurity expert genua, HIMA provides protection against cyber threats and ensures compliance with the KAS 51 guideline. Plans for 2024 include further regional expansions and new product innovations, such as a safe HMI with fail-safe display and button functions. "The outlook for 2024 is promising," concluded Dr. Michael Löbig.

Related News

Samsung Pushes Boundaries of M ...

Samsung Gulf Electronics has unveiled a range of exciting pre-order benefits for its latest flagship devices following the global launch at Galaxy Unpacked in Paris. Customers in t...

Samsung Showcases New Galaxy A ...

 Samsung Gulf Electronics has launched an immersive pop-up space at the Mall of the Emirates, following the Galaxy Unpacked event on July 10th. The innovative Galaxy Experienc...

Saeed Saleh Al Ghamdi Appointe ...

 Gulf Islamic Investments (GII), a leading Shari’ah-compliant asset management group, has announced the appointment of Saeed Saleh Al Ghamdi as a new Board Member at GII...

LG Introduces Concealed AC Uni ...

LG Electronics (LG) has unveiled its latest climate control solution, the LG Ceiling Concealed Duct, an advanced system designed to provide unparalleled temperature control while s...

BLS International Successfully Acqu ...

BLS International Services Limited, a leading global tech-enabled service partner for governments and citizens, has announced the successful acquisition of a 100% stake in iDATA, a...

New Ford Raptor T1+ Ready for Rally ...

Ford Performance, in collaboration with M-Sport Ltd., has unveiled the new Ford Raptor T1+, a vehicle purpose-built to tackle the grueling Dakar Rally and other challenging off-roa...

Ericsson Named Leader in Gartner Ma ...

 Ericsson (NASDAQ: ERIC) has once again been recognized as a Leader in the 2024 Gartner® Magic Quadrant™ for CSP 5G RAN Infrastructure Solutions. This marks the four...

Ministry of Economy Reviews New Com ...

The Ministry of Economy held a media briefing to review Federal Decree-Law No. 36 of 2023 on competition regulation. This new legislation aims to promote and protect competition in...

MENA Region's Early Adoption of Gen ...

A new report from the Project Management Institute (PMI) highlights how early adopters of Generative AI (GenAI) are leading the way in leveraging this transformative technology to ...

Samsung Unveils Pre-Launch Benefits ...

Samsung Gulf Electronics has announced exclusive pre-order benefits for its newest flagship devices, following the global launch at Galaxy Unpacked in Paris. Customers who reserve ...