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FORUM Family Office GmbH ("FORUM") has acquired 100% of the shares in Hawako AG ("Hawako"), based in Basel/Switzerland, as part of its succession plan. FORUM's water division thus comprises six companies, including CWG in Mannheim, LEYCO Wassertechnik in Sonneberg/Thuringia and Triton Water with a focus on water chemistry.
Hawako trades in components, equipment and accessories for water treatment and thus fits in perfectly with the existing activities of the FORUM water group. The company was founded by Gerhard Hassler in 1975. In the 2020/21 financial year (31.7.), turnover was approximately CHF 1.3 million.
With this acquisition, FORUM is establishing a presence in Switzerland, which will enable it to serve this market better in the future: customs clearance will no longer be necessary, logistics will be faster and the specific requirements of the Swiss market can be served in a targeted manner. In this respect, the location and the entire team will be retained - they are the strength of Hawako!
Hawako's existing customers thus have access to the wide range of products and services offered by the larger Forum water group. At the same time, the proven team around Oliver Hassler will remain the point of contact. The founder, Mr. Gerhard Hassler, will be available for a transitional period to ensure continuity. His comment:
"Hawako is now under the umbrella of FORUM Family Office, which, with subsidiaries such as CWG, LEYCO and Triton, has a high-performance group in the field of water technology. The Hawako location and team will be retained - continuity has always been particularly important to me. I am delighted that after more than 45 years of service, I can accompany my company and its employees into a secure and successful future.“
Hawako is FORUM's first investment in Switzerland. FORUM and its holdings are looking for further family-owned companies from Switzerland that are looking for a partner as part of a succession solution who guarantees the preservation and careful further development of their life's work.
FORUM Family Equity offers family businesses individual succession solutions that ensure long-term success and corporate identity. As a family equity investor, FORUM focuses on sustainability, employee development and cooperation based on trust. In contrast to corporations and private equity funds, which aim for quick profits, FORUM builds long-term partnerships and protects the company value. Find out how FORUM supports your company in successfully continuing your life's work.
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