Company Research Report: Hager Group

Company Overview

Name

Hager Group

Mission of the Company

Hager Group aims to shape tomorrow's electrical world, making people's lives safer, cleaner, and more enjoyable through innovative products and actions.

Founding Information

Founded: 1955

Founders: Hermann Hager, Dr. Oswald Hager, and their father Peter Hager

Key People

Sabine Busse: Chief Executive Officer

Mike Elbers: Chief Marketing Officer

Michael Flieger: Chief Financial Officer

Ralph Fürderer: Chief Technical Officer

Franck Houdebert: Chief Group Human Resources Officer

Headquarters

Zum Gunterstal, 66440 Blieskastel, Germany

Number of Employees

13,000 employees

Revenue

3.2 billion euros (2023)

Known For

Leading provider of solutions and services for electrical installations in residential, commercial, and industrial buildings. Innovators in energy distribution, cable management, security systems, and building automation.

Products

Product Offering

1. Hager:

Solutions and services for electrical installations in residential, commercial, and industrial buildings.

Complete range from energy distribution, cable management, and office equipment to switches and home automation.

Includes safety and security technology like alarm systems and motion detectors.

2. Berker:

Multifaceted switch designs combined with intelligent building automation.

Renowned for outstanding design ranging from classic to contemporary switch systems.

Includes a high-quality tailored solution approach.

3. Elcom:

Specialist in modern communication systems and personalized access design.

Offers solutions for single-family homes, small buildings, and professional buildings.

Provides state-of-the-art production technologies and ensured quality with DIN ISO 9001:2008 certification.

4. E3/DC:

Grid-connected solar backup power supplies.

Innovative solutions for energy storage, backup power supply, and e-mobility.

Drives towards 100% autonomous energy supply, producing over 16,000 home power stations annually.

5. Bocchiotti/Iboco:

Specializes in trunking systems, protection tubes, switchboards, and junction boxes.

Exporting products to 42 countries with a continuous innovation focus.

Implementing an ISO 9001:2008 certified quality management system.

Key Product Features

Innovation: Focus on research and development to stay at the forefront of industry trends, such as digital transformation and e-mobility.

Sustainability: Products designed to reduce CO2 emissions and enable smarter energy management.

Quality: Adherence to stringent quality management standards, ensuring reliability and long-term use.

Recent Developments

New Products Launched

Hager "flow" System: A complete energy system for single-family homes including energy management and wallbox witty solar.

Bidirectional DC Charging Series: In collaboration with Volkswagen, E3/DC’s development of a bidirectional DC charging solution.

New Features Added to Existing Products

Day-Ahead Electricity Trading: Through cooperation with Ostrom and Lumenaza, allowing cost savings via load shifting.

Smart Energy Hub Solution: Integration of various manufacturers' data for maximum interoperability and optimized energy management.

New Partnerships

Engagement with Audi AG to advance e-mobility through research on bidirectional charging.

Plastic Bank Collaboration: For recycling ocean-bound plastic into new products, leading to the development of the cubyko leaf switch range.

Notable Projects

Inauguration of a new electrical conduit factory in Göteborg, Sweden, advancing sustainable production capabilities.

Support for skipper Fabrice Amedeo’s environmental project with a high-tech racing yacht reliant on renewable energy for the Vendée Globe race.

Conclusion

Hager Group stands out with its dedication to shaping the electrical world of the future through innovative, sustainable solutions. The company maintains robust growth driven by strategic acquisitions, digital advancements, and unwavering commitment to sustainability. Continued investment in modern facilities and groundbreaking projects underscores Hager’s proactive stance towards both industry leadership and environmental stewardship. The comprehensive range of products across its brands reinforces its position as a trusted partner in the global electrical solutions market.