Family Trust
Family Trust acquires tool manufacturer Hobe

The shareholders of Family Trust Investor FTI GmbH (FTI), together with co-investors, have acquired Hobe GmbH, which was previously managed by the brother and sister team of Dagmar and Max Hobe, together with the associated company property. Hobe GmbH, headquartered in Baienfurt near Ravensburg, is a leading manufacturer of precision tools for internal machining of the smallest bores. The company has been developing and producing cutting and forming tools for metal cutting as well as forming tools and components for metrology for 45 years. Hobe, family-owned since its founding by Max Hobe Sr. in 1971, holds several patents and has been awarded three innovation prizes. With this performance, the company enjoys an exceptionally high reputation across industries among its national and international customers, particularly in the manufacture of medical devices, implants, watches and jewelry, optical devices, electronic components and mechanical engineering.

“We are aiming for a growth spurt for Hobe and are planning substantial investments in personnel, further expansion of manufacturing capacities and in sales over the next few years to achieve this,” Andreas Augustin, FTI Managing Director.

With the decision in favor of FTI, the owning family has set the company’s course for a continued successful future. The new co-partner of Hobe will be Dr.-Ing. Jens-Jörg Eßer, who will take over as Managing Director in the previous family business and who, thanks to his many years of international experience in the Hilti Group, will be responsible for Hobe’s day-to-day operations as a proven industry expert.