In June 2002, after six years as 25% shareholder in HAWE, Deutsche Beteilungs AG (DBAG) withdrew from the partnership as planned. The DBAG shares were purchased by the Haeusgen family. Six years after the withdrawal of the Lemp family, HAWE is now once again a 100% family-run business, and this time it is in the hands of a single family.

The DBAG shareholding, together with assistance from the banks, helped finance the buy-out of the Lemp family in 1996. Now, six years later, it is now possible to re-purchase these shares, again with the assistance of the banks. This enables us to accomplish our long-term aim of running HAWE purely as a family business. DBAG was an essential consultant and fair partner for HAWE during this period and has contributed much to the success of the past few years.

The beginning of the year also saw a significant change in management structure. On 1st January 2002, managing director Jens Peter Haeusgen resigned from the day-to-day running of HAWE after 30 years of service. He will, however, continue to act as a consultant to the company in the future. Together with Karl Haeusgen, the new management team now consists of Martin Heusser (Head of R&D) and Wolfgang Sochor (Head of Production). Collective prokura has been conferred on Marcus Krogmann, responsible for finance and inspection. The HAWE Hydraulik board of directors now consists of Karl Haeusgen, Martin Heusser, Wolfgang Sochor, Marcus Krogmann and Michael Knobloch (Marketing and IT).

Reorganisation of the status of ownership rights and management restructuring has created the right conditions for continuous and stable company development.