FISCHER has agreed on a global cooperation between FISCHER Fuel Cell Compressor and Weichai Power

FISCHER Spindle Group AG (FISCHER) has agreed on a global cooperation between FISCHER Fuel Cell Compressor (FFCC) and Weichai Power Company Limited.

FISCHER Fuel Cell Compressor (FFCC) is a subsidiary of FISCHER Spindle Group (FISCHER) and a leading Swiss supplier of innovative, reliable and durable electronic micro turbo compressors (EMTC) used as airnsupplier in fuel cell powertrains. FFCC’s EMTC technology perfectly suits the needs of fuel cell powertrains, thanks to FFCC’s aerodynamic PSPro (Precision Speed Profile) gas bearings which enablean oil and particle-free compression. In addition, the technology ensures a contact and wear-free operation due to minimal bearing friction and slim design. FFCC focuses on the automotive fuel cell market. Vehicles powered by hydrogen fuel cells, with a zero-emission capability, are the fastest growing segments of the automotive market.

Weichai Power was founded in 2002. It is one of the most comprehensive automobile and equipment manufacturing industry groups in China. It owns Shaanxi Heavy-duty Motor Company Limited, Shaanxi Fast Gear Co. Ltd., Zhuzhou Torch Sparkplugs Co., Ltd., KION Group AG, and Linde Hydraulics GmbH & Co. KG, Dematic, and dozens of other high-quality companies in a cluster, building a new pattern of coordinated development by the three industrial sectors – complete vehicle, powertrain and intelligent logistics – forming the country’s automotive industry and completing the most competitive industrial chain. The company was listed on the main board of the Hong Kong Stock Exchange on 11 March 2004, and returned to the mainland A-share market on 30 April 2007.

FISCHER is a global specialist in precise, fast and powerful rotation. It is the technology leader in precision spindle manufacturing, milling heads and air compressors for fuel cell technology. As a partner of the most prominent machine builders and end users, FISCHER serves the key global markets. Present in six locations (Switzerland, Germany, USA, China, Taiwan and Russia), the company employs 400 people who ensure customer satisfaction through successful, innovative products and outstanding service.

Oaklins’ team in Switzerland advised the owners and management of FISCHER throughout this M&A sell-side process.