Technotrade partners up with Hainzl Group

As of January 1, 2024, Technotrade becomes a part of Hainzl Motion & Drives, a division of the Austria-based Hainzl Group. Through acquiring a 50% share in Technotrade, Hainzl expands its international market presence and adds a strong technology partner to its international company group.

The collaboration results in valuable synergies for both parties: Technotrade benefits from Hainzl’s strong company background, wide product portfolio and long-term experience in the industrial sector. Similarly, Hainzl gains access to advanced know-how in the areas of control software development and electrification of mobile machinery.

Technotrade CEO Jakub Kejduš, who will serve as managing director and future joint venture partner along with Oliver Lüth from Hainzl, comments: “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.”

„The establishment of this joint venture marks a significant step for our international group to strengthen its position in the market and continue growing as a leading provider of innovative hydraulic and electric drive systems for off-highway machines,” adds Oliver Lüth, Executive Manager of Hainzl Motion & Drives.

Along with the change of ownership structure, we are also updating our logo and visual identity, so that it aligns with Hainzl Group corporate identity and clearly indicates our affiliation with the group.