Hainzl Group completed the acquisition of a 50% stake in Technotrade.

Hainzl, an Austrian family enterprise that specializes in automation technology, process technology, completed the acquisition of a 50% stake in Technotrade, a specialist in the field of mobile hydraulics, electronics, control systems and electric machine drives. Financial terms were not disclosed. “I am convinced that our company has found the best partner for its future development and growth in joining forces with Hainzl. I also believe that thanks to our expertise, we will be a strong fit to the Hainzl company group,” Jakub Kejduš, Technotrade CEO.