About Hug Engineering
Hug Engineering is a company based in Elsau (Switzerland) founded in 1983 was acquired by Ogepar in April 2024. It operates as a Professional Services, and Managed Services. Hug Engineering offers products and services including Marine Solutions, Power Generation Solutions, and Rail Solutions. Hug Engineering operates in a competitive market with competitors including AEW Energie, Nala Renewables, Fu-Gen, Planair and AGROLA, among others.
- Headquarter Elsau, Switzerland
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Hug Engineering Ag
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Products & Services of Hug Engineering
Hug Engineering offers a comprehensive portfolio of products and services, including Marine Solutions, Power Generation Solutions, and Rail Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Solutions for emissions reduction in marine applications are provided.
Emissions control systems for power generation are designed and offered.
Exhaust aftertreatment systems for rail applications are developed and supplied.
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Funding Insights of Hug Engineering
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $705,111
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First Round
First Round
(01 May 2015)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2015 | Amount | Grant - Hug Engineering | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Hug Engineering
Hug Engineering has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Faurecia, European Union and Ogepar Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Automotive components and systems are manufactured for vehicles.
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A financial holding group based in Belgium, active in multiple sectors.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Hug Engineering
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Hug Engineering
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hug Engineering Comparisons
Competitors of Hug Engineering
Hug Engineering operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AEW Energie, Nala Renewables, Fu-Gen, Planair and AGROLA, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Electricity transmission and distribution are managed in Switzerland.
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Invests in and develops solar, wind, and battery storage projects worldwide.
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Solar energy projects are developed and managed in Switzerland.
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Transformer, solar panel, and water pumping products are manufactured.
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AGROLA supplies heating oil, wood pellets, and electric vehicle charging for consumers.
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hug Engineering
Frequently Asked Questions about Hug Engineering
When was Hug Engineering founded?
Hug Engineering was founded in 1983 and raised its 1st funding round 32 years after it was founded.
Where is Hug Engineering located?
Hug Engineering is headquartered in Elsau, Switzerland. It is registered at Elsau, Zurich, Switzerland.
What does Hug Engineering do?
Hug Engineering is focused on delivering exhaust aftertreatment systems and emissions reduction solutions across multiple sectors including marine, power generation, and rail. Innovative technologies are developed to ensure compliance with global and local emission regulations. Customized solutions are offered for applications such as yachts, cruise ships, emergency power systems, and greenhouse operations. A global network of subsidiaries and partners is maintained to support clients worldwide with installation, commissioning, and aftersales services.
Who are the top competitors of Hug Engineering?
Hug Engineering's top competitors include AEW Energie, Planair and Fu-Gen.
What products or services does Hug Engineering offer?
Hug Engineering offers Marine Solutions, Power Generation Solutions, and Rail Solutions.
Who are Hug Engineering's investors?
Hug Engineering has 3 investors. Key investors include Faurecia, European Union, and Ogepar Group.
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