Bosch Rexroth plans to expand its hydraulics business by acquiring HydraForce, based in Lincolnshire, Illinois (USA). HydraForce develops and manufactures compact hydraulic valves and solutions with 2,100 associates at six production sites in the USA, Brazil, Great Britain and China. Bosch Rexroth and HydraForce signed an agreement to that effect on July 15, 2022. The purchase price will not be disclosed. The transaction is subject to antitrust approvals.

With the planned acquisition of HydraForce, Bosch Rexroth is growing its footprint in North America, further expanding its sales network and gaining better market access. “By acquiring HydraForce, we are expanding our presence in complementary geographies and developing a more balanced footprint in Europe and North America, while also enabling growth in Asia,” says Rolf Najork, member of the board of management of Robert Bosch GmbH and CEO of Bosch Rexroth. 

With Bosch Rexroth, we found a great partner who values and shares similar views on innovation, customer focus, application expertise, and culture. I believe the new ownership will create great opportunities for our customers, partners and employees and lead to sustained growth,” says Mike Terzich, President and CEO of HydraForce. 

The combined activities ensure a diverse range of compact hydraulic solutions for customers. While Bosch Rexroth offers a wide range of compact hydraulic components and systems, HydraForce produces mechanical and electrical cartridge valves and hydraulic integrated circuits (HIC). Compact hydraulics is particularly valuable due to its high power density and capabilities regarding essential secondary functions in hydraulic systems. For example, they ensure that excavator loads can be lifted and lowered safely and precisely. 

With its diversified portfolio and international setup, Bosch Rexroth has a strong foundation. The acquisition of HydraForce expands our global market access through indirect sales channels: Sales partners and system integrators will become important target groups. In these challenging times, we are also helping to stabilize regional supply chains so that we can support our customers even better,” says Frank Hess, Vice President Compact Hydraulics Business Unit of Bosch Rexroth. The business unit currently employs 1,800 associates and has four manufacturing locations in China, the USA, Germany and Italy. 

Highlights

Cummins at Agritechnica: go with hydrogen!

In Hannover Cummins confirmed its commitment to the Destination Zero strategy, especially in the part dedicated to hydrogen, which is now a protagonist not only in agnostic engines, but also in production and supply phases. For agricultural OEMs, the direction is increasingly towards the “tailor-mad...

Related articles

Deutz opens first HVO filling station at its factory site in Cologne 

Deutz has opened a filling station for the latest generation of biofuels (HVO) at its factory site in Cologne-Porz. All diesel-powered vehicles of Deutz can now be refueled at the site with HVO. Deutz will initially purchase the fuel, which is guaranteed palm-oil free from Finnish company Neste.
News

MAN confirms CFO and appoints new Chief Human Resources Officer

The Supervisory Board of MAN Truck & Bus SE has extended Inka Koljonen’s contract as Executive Board member for Finance, IT and Legal Affairs for a further five years until 2030, effective February 1, 2025. Furthermore, effective April 1, 2024, Hubert Altschäffl will be the new Chief Human Resources...
News