On September 2nd, Hoyer Motors in Denmark has made an important announcement regarding a new investor that will help bolster Hoyer’s focus on sustainability and supporting the green transition.
Hoyer, a global provider of high-performance electric motors announced a new partnership with Core Sustainability Capital, an investment fund that works with Nordic companies that have sustainable impact as their core value. The partnership bolsters Hoyer’s commitment to becoming the Green Transition Partner within electric motors for companies in theMarine, Industrial, Energy, and HVAC sectors.
“This investment from Core Sustainability Capital and the alliance it creates is a clear signal of our dedication to the green transition. It is a strategic move that aligns with our values and our long-term vision for Hoyer,” says Søren Ø. Sørensen, Chairman of the Board at Hoyer.
Core Sustainability Capital will invest in Hoyer’s growth and innovation capabilities and provide new perspectives on creating sustainable impact within Hoyer’s customer segments.
“Electric motors account for a significant share of global electricity consumption. Although these motors may not always be the most visible, they are used extensively across various applications, including industrial processes, in buildings, and on ships and in transportation.” says Per Frederiksen, managing partner at Core Sustainability Capital. ”Investing in Hoyer aligns with our strategy of investing in companies that can drive significant and measurable impact through energy efficient solutions. For Hoyer’s customers, the investment will mean access to even more energy efficient motors and advanced solutions in the future.”
“This new partnership introduces possibilities, and we assure customers and partners that our core purpose, direction, and commitment to delivering world-class products and services will remain intact,” says Henrik Sørensen, CEO of Hoyer. Our journey towards sustainability and excellence continues, now with an added partner that truly understands the importance of our mission. Their expertise and commitment to sustainability will be invaluable”.
Hoyer is excited to work with Core Sustainability Capital, which will assume a minority ownership stake in the company alongside Solix, the majority shareholder. Together, the two are committed to helping ensure Hoyer’s growth and achieve even higher standards of sustainability, with a sharp focus on cooperation where “Together we outsmart the ordinary.”
