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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 the entrepreneurial succession. FORUM's water division now comprises six companies, including CWG in Mannheim, LEYCO Wassertechnik in Sonneberg/Thuringia and Triton Water, which focuses on water chemistry.
Hawako deals in components, apparatus and accessories for water treatment and thus fits perfectly into 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 around CHF 1.3 million.
With the acquisition, FORUM is creating a presence in Switzerland that will enable it to serve this market better in the future: customs clearance will be eliminated, 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 Hawako's strength!
Hawako's existing customers thus have access to the breadth of products and services of the larger Forum Water Group. At the same time, the proven team around Oliver Hassler remains as the contact person. The founder Mr. Gerhard Hassler is available for a transitional period to ensure continuity. His comment:
"The Hawako is now under the umbrella of FORUM Family Office, which with subsidiaries such as CWG, LEYCO and Triton has a powerful group in the water technology sector. At the same time, Hawako's location and team will remain the same - continuity has always been particularly important to me. I am pleased that after more than 45 years of service, I can accompany my company and the employees into a secure and successful future."
Hawako is FORUM's first investment in Switzerland. FORUM and its holdings are looking for other family-owned companies in Switzerland that are looking for a partner in the context of a succession solution that guarantees the preservation and careful further development of their life's work.
FORUM Family Equity offers family businesses individual succession solutions that ensure the long-term success and identity of the company. As a family equity investor, FORUM focuses on sustainability, employee development and cooperation based on trust. In contrast to corporations and private equity funds that aim for quick profits, FORUM builds long-term partnerships and protects the value of the company. Find out how FORUM supports your company in successfully continuing your life's work.
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