Aquin Advises:
On The Sale To:
Key Terms
| > | Effective December 18, 2025, Hainzl Industriesysteme GmbH (»HAINZL«) announced the acquisition of a majority stake in MS2 Engineering und Anlagenbau GmbH (»MS2«) from Martin Schäfer and Manfred Strohmaier, Managing Directors and owners of MS2. |
| > | Aquin acted as the sole M&A advisor to MS2 and its selling shareholders. |
Strategic Logic
| > | For MS2, the acquisition not only ensures the long-term succession of the company but also creates significant synergies, shared resources, and new technological opportunities. |
| > | HAINZL strengthens its presence in a strategically important market by expanding its service portfolio of its Systems Engineering business unit to include specialized solutions in test bench technology and testing systems for gaseous media. |
| > | MS2 will continue to operate independently within the HAINZL Group as a competence center for testing technology, particularly for hydrogen applications, with a focus on fuel cells and electrolyzers. |
MS2
| > | MS2 Engineering und Anlagenbau GmbH, founded in 2002, specializes in the development and commissioning of customized turnkey testing technology systems, primarily for fuel cells and electrolyzers. |
| > | Test systems have been delivered for various applications such as fuel cells and fuel cell systems, electrolyzers, gas metering valves, pumps of all kinds, couplings (eCS), H2 tank systems, humidifiers, metal hybrid storage systems, cooling systems, media valves, air modules, compressors, sensors, and heating systems. |
| > | MS2 is headquartered in Kirchheim/Teck, Germany, and employs 50 people. |
HAINZL
| > | HAINZL Industriesysteme GmbH, headquartered in Linz, Austria, positions itself as a technology partner and system developer for customized products, machines, and plants in automation, drive technology, and control technology. |
| > | Founded in 1965, HAINZL serves customers across machinery and plant engineering, metal processing, special vehicle construction, energy as well as building/electrical engineering and operates within a group with multiple European locations. |
| > | In 2024, the family-owned group generated revenues of EUR 204 million and employs more than 1,000 people. |