The Hima Group, a provider of safety-related automation solutions, will see impressive growth in 2022 with an 18% increase in orders received.
Demand in Hima’s core markets is generally positive. The breakdown of sales by region is as follows: Europe (59%), Middle East (12%), Asia (20%), Americas and interregional projects (9%). The order base is also developing well, with the order backlog up 38% from 2021.
The company expects to achieve further growth in 2023 through digitization, internationalization and expanded partnerships.
Jorg de la Motte, CEO of the Hima Group: “2022 has been a good year for the Hima Group. With the acquisition of Sella Controls, we are also opening a new chapter of international growth in the rail technology sector.”
Dr. Michael Löbig, Chief Financial Officer of the Hima Group: “Despite the many challenges, we have successfully managed the 2022 financial year and, given the increasing level of orders we have received, we are also optimistic about the first quarter of 2023.”
The Hima Group is investing 12 percent of sales in research and development in 2022 and has set itself the goal of digitizing functional safety. The process industry (oil and gas, refineries and chemicals) remains the largest customer segment.
The railway technology sector also showed a positive trend. Across all industries, 30% of sales come from services and software.
“Positive customer feedback demonstrates that we have successfully achieved our goals through our digital strategy #safetygoesdigital,” De La Motte said.
Apart from further investing in R&D, especially in software and applications, Hima’s priorities for 2023 include internationalization and expanding partnerships. “The opening of the new Hima Security Lab in our Customer Solutions Center marks another milestone,” said De La Motte. “In close cooperation with our partner genua, we are offering visitors the opportunity to experience our OT security solutions first-hand,” he added. Hima is also strengthening cooperation with global partners in sales, engineering and joint solution development.
Internationalization remains an important part of the growth strategy. Additionally, the acquisition of Sella Controls in February 2023 expanded Hima’s UK presence and expanded its portfolio of rail expertise and solutions. The company has also recently expanded its sales and service operations in France, opened a new regional headquarters in Dubai, and established itself in Argentina.
“With these measures, we are further expanding our global sales and service presence and strengthening our proposition that we offer our customers the best possible local support for the digitalization of functional safety,” said Dr. Löbig.
Further regional expansion is planned, focusing on target markets in the Middle East and Asia. —trade arab news agency