# TECHCO Group acquires HITZINGER Power Solutions

TECHCO Group acquired the assets of insolvent HITZINGER Power Solutions GmbH, securing 120 jobs at the Linz production site. The acquisition expands TECHCO's portfolio in metal processing, electrical engineering, and automation.

- Type: Acquisition
- Announced: 2024-02-01
- Where: Linz, Austria, Austria
- Jobs: 120
- Status: completed
- Products: generators, frequency converters, emergency power generators
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [TECHCO Group](https://endata.com/companies/75391.md) (acquirer)
- [HITZINGER Power Solutions](https://endata.com/companies/75392.md) (target)
- [Hitzinger](https://endata.com/companies/75394.md) (target)

## Sources

- [ots.at](https://www.ots.at/presseaussendung/OTS_20240201_OTS0095/techco-group-uebernimmt-hitzinger-power-solutions-gmbh), 2024-02-01: "Mit der Übernahme baut die auf Metallverarbeitung, Elektrotechnik und Automatisierung spezialisierte TECHCO Group ihr Portfolio weiter aus."
- [industriemagazin.at](https://industriemagazin.at/industrie/techco-group-uebernimmt-hitzinger-und-sichert-damit-zahlreiche-jobs/), 2024-02-01: "120 Arbeitsplätze in Linz seien damit in Sicherheit."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.