Wise Road Capital announces the acquisition of Huba Control, a Switzerland-based Sensor Specialist that develops, manufactures and markets components that measure pressure and flow. The deal was signed between Siemens and Wise Road Capital. Siemens and Huba Control have concluded that the company would benefit from a new owner enabling to drive long-term sustainable growth offering better synergies with the business.
Huba Control manufactures special pressure sensors for industrial automation and components addressing gas boilers, heating, ventilation and air conditioning. The company operates as a separate legal entity within Siemens. The ownership of Huba Control will be transferred to Wise Road Capital upon obtaining all the necessary regulatory approvals what is expected to take place until end of 2020.
Wise Road Capital is a leading International Asian Private Equity Growth Investor and intends to support Huba Control in its global growth ambitions, primarily in China, other Asia, and the USA.
"We have a strong track record of supporting the growth of our portfolio companies and we look forward to the journey to accelerate Huba Control's growth and strengthen its capability to serve global customers," said Mr. Brighten Li, founder of Wise Road Capital.
“Huba Control's employees are highly recognized in the market for delivering world-class technology and quality products Made in Switzerland. Therefore, Wise Road is looking forward to strengthen the Swiss home-base in Würenlos and to build together with the Huba Control management and the employees a global leading sensor player," said Kin-Wah Loh, Managing Partner of Wise Road Capital.
Wise Road Capital has a proven track record of successful investments in European companies such as Nexperia, an NXP Semiconductor carve-out; ScioSense, a Joint-Venture with AMS, among others.