[2] In 1962, following a merger between Smit Slikkerveer and the dominant Heemaf Hengelo[3] along with several other companies, the new name of Samenwerkende Elektrotechische Fabrieken Holec N.V.[4] was created.
In 1989, the Holec Machines and Appararten business along with associated sister companies were taken over by the Royal Begemann Group,[5] which provided considerable capital investment for the new plants, and equipment required to keep the divisions viable and competitive in a global marketplace.
In March 1998, the division of what had been the old Smit Slikkerveer was split into two smaller but focussed business units, HMA Power Systems and Traxis BV.
Traxis BV focussed on traction control equipment whereas the larger HMA Power Systems concentrated on its core business of medium to large AC generators, DC traction motors, associated control equipment, and service and repair work.
The Brush HMA manufacturing plant is located adjacent to the river, north of Ridderkerk, near Rotterdam in the Netherlands.