Hoyer VMS Group is now expanding its Asian headquarters in China to help shipowners and fleet managers simplify service and repair across Asia.
The Danish motor and service company Hoyer VMS Group is off to an excellent start following the merger of Hoyer and VMS Group in November 2025. The company has just presented record financial results with strong growth on both the top and bottom lines. Revenue totaled DKK 867 million in 2025 compared to DKK 733 million in 2024, while earnings of DKK 118 million (EBITDA) were DKK 8 million higher than the previous year.
“The financial results show that our strategy is working. We are building on the record results that Hoyer has delivered in recent years, and 2025 now marks yet another record year. At the same time, we have, with the merger, established a group with an expected revenue of DKK 1.5 billion, which provides a strong foundation for further growth,” says Søren Ø. Sørensen, Chairman of the Board at Hoyer VMS Group.
This positive development has occurred, despite significant geopolitical uncertainty in the global maritime and industrial sector. The increase is mainly due to continued positive development in the core business.
“The strong growth is a reflection of our competitive products and our ability to deliver customised solutions to our business partners. We are able to do this because of our employees who have built up an incredible amount of know-how in motors and automation and are able to develop new, innovative solutions. At the same time, we have once again achieved solid results in the repair, maintenance and service of marine engines," says CEO Henrik Sørensen from Hoyer VMS Group.
Although the results are strong, we remain attentive to external factors that could influence the market.
“We believe that the current challenges in the Middle East are unlikely to affect our business in the short term. However, we cannot rule out the possibility that they may slow growth over the longer term. We are closely monitoring the situation and continuously evaluating the relevant market conditions,” says Henrik Sørensen.
Prospects for further growth after merger
Hoyer VMS Group expects further growth in the coming years. The merger gives Hoyer VMS Group easier access to the markets in Africa and the Americas, where VMS Group has been well represented for several years, while the company’s competences in the aftermarket are now brought into play in Asia, a market where Hoyer already has a strong position.
"For our customers, the merger means that they now have one partner throughout the entire lifecycle - from motor supply to service, repair and optimisation. This results in reduced response times, fewer changes between suppliers and coordinated support, and it helps ensuring that electrical and mechanical systems work optimally together on ships, but also in the industry," says Henrik Sørensen, who adds that the integration between the two companies is well under way.
Focused strategy delivers results
Hoyer VMS Group already experiences interest from customers who see the benefits of dealing with a single supplier. The company expects the synergies from the merger to contribute to further growth in the coming years due to the strengthened global presence and a unified value proposition in the maritime and industrial sectors.
"We are determined to strengthen our collaboration with existing customers and attract new ones, and we have a clear focus on what we can now offer as one company that creates far greater value for customers than Hoyer and VMS Group could do separately. Among other things, we focus on Asia, where there is great potential in service and repair, and on Brazil, where there are good opportunities for growth in electric motors and automation solutions,” says Søren Ø. Sørensen.
