Top Investments 2020 in Hamburg

January 2021

Due to the complex effects of the Corona crisis, Hamburg Invest’s international relocation business has changed significantly. Travel activities, participation in trade fairs, roadshows with seminars, presentations and one-on-one discussions were completely canceled throughout 2020. By hosting and participating in webinars for different target groups in different source markets and regions, it was only possible to establish new contacts to a limited extent.  Delegation visits by international investors to Hamburg couldn’t take place either. However, despite all these difficulties described above, the following companies – beside others – were able to settle in Hamburg in 2020.

Archiclad GmbH

The Turkish company is active in the construction industry as well as acquiring stakes in other companies. The company was founded in Hamburg to realize projects in the construction and installation of windows and facades made of aluminum. In view of climate change and the energy transition, the company uses environmentally friendly technologies.

Ascent Aerospace

Ascent Aerospace is an American group  with headquarters in Michigan and around ten locations worldwide, including France, England and Germany. The company designs and integrates assembly lines for the aerospace industry. After an initial meeting with Hamburg Aviation at the Salon du Bourget (Paris Air Show) in 2019, Hamburg Invest supported the company to set up shop in town, in cooperation with the cluster.

© Ascent Aerospace

China Communications Construction Co. Ltd.

This very important Chinese state-owned company, which has long been based in Hamburg with its subsidiary ZPMC (port cranes), has now also established its central procurement office for Europe in Hamburg.

Chuango Security Technology

Smanos is a brand new security systems brand that was developed, designed and conceived in Europe by the Chinese company Chuango Security Technology. Since 2001, Chuango Security Technology has been a global innovator and developer of wireless “smart home” solutions in the field of “do-it-yourself” security systems, complex home controls, and AI-based health management.

EnergyNest

The startup EnergyNest, headquartered in Oslo, has developed a thermal battery made of steel and concrete. It is intended to help energy-intensive companies with decarbonisation and thus make a contribution to the energy transition. A unique selling proposition compared to competitors is the commercial product maturity. Siemens Energy recently entered into a long-term partnership with the  company. On the basis of EnergyNest’s battery solutions, standardized thermal storage systems are to be developed for industrial customers.

© EnergyNest

Farmann GmbH

The parent company in Turkey has over 25 years of experience in pet food and care. The profile of the subsidiary in Hamburg is the purchase, sale, manufacturing, import and export of pet food and additives for pet food, disinfectants and stable equipment.

HQW Precision GmbH

The company develops, manufactures and sells ball and roller bearings of the highest quality. In addition to mechanical and plant engineering, the clients of the company come  from the automotive industry,  aerospace and medical technology as well. HQW is of Chinese origin and, in addition to the company headquarters and the logistics center in Hamburg, has its own development and production facilities in Kürnach near Würzburg and in Plymouth in the south of England. The network of branches and sales partners extends from Italy to Scandinavia and Eastern Europe.

Lushang (Germany) GmbH

The Chinese company is from Shandong Province and the parent company is the Lushang Group. The company’s profile is the import, export and trade of new and used vehicles as well as auto parts and accessories and the provision of related services.

Lyric Automation Germany GmbH

The company’s profile is the import and export of high-precision equipment with automated alignment such as industrial robots, batteries for e-mobility, high-speed trains etc. The office in Hamburg conducts research, sales and development worldwide. The parent company is Guangdong Liyuanheng Intelligent Automation Co. Ltd.

MingYang Wind Power Group Limited

The company is a leading wind turbine manufacturer in China. It already has a branch in Denmark and has now established a business and engineering center in Hamburg. Further expansion at the Hamburg location is planned for 2021.

© MingYang

SmileDirectClub Inc. (Nasdaq: SDC)

The US company operates an innovative direct-to-consumer medical technology platform. It is  world market leader for the direct sale of invisible aligners. In aligner therapy, patients wear transparent aligners for up to 22 hours a day to correct slight misalignments of teeth. More than a million customers worldwide already have the opportunity to visit an SDC shop and have a model of their jaw created there by means of an intraoral scan.

Representative office of the Occitanie region

The Occitanie region in southern France decided on Hamburg as the location of the first representative office in Germany. The goals of the office are to maintain and develop the relationships between Occitanie and Germany in the areas of economy, education, research, culture and sport. They have further offices in Shanghai, Tokyo, Casablanca, New York, London and Brussels.

Vässla

The number 1 electric scooter manufacturer in Sweden decided to expand to Germany in 2019. The German market is now processed from Hamburg. Vässla promises to solve the problems of urban mobility “with style”: Swedish design, paired with a powerful electric motor and a long-lasting battery.