PMC Hydraulics Group to buy Hydroquip Hydraulics
PMC Hydraulics Group invests further in India and acquires remaining shares in Hydroquip Hydraulics
PMC Hydraulics Group, a subsidiary of Dacke Industri since 2016, completed the acquisition of the Indian company Hydroquip Hydraulics.
PMC has entered an agreement to acquire the remaining shares in Hydroquip Hydraulics
There is certainly harmony and long-term vision in the deal that led PMC Hydraulics Group in July to acquire the entire share package of Hydroquip Hydraulics. Headquartered in Helsingborg, Sweden, PMC is one of the leading Nordic providers of hydraulic systems and components for OEM customers across Europe and Asia, with locations in Sweden, Finland, Denmark, Estonia, Latvia, Poland, China, and India. The offering extends from construction and design to complete hydraulic systems and components. Established in 2016, Hydroquip Hydraulics is based in Bangalore and it started ad Kawasaki Hydraulics distributor.
“We are excited to announce the complete acquisition of the remaining shares in Hydroquip Hydraulics. This strategic move underscores our steadfast commitment to industry innovation and positions us for enduring growth and success. We will remain in operative positions to secure continuous sustainable development and the objective of continuing to strengthen the PMC footprint in India. Together, we capitalize on new opportunities, and deliver an increased value to our stakeholders,” says Mikael Lundgren, VP Fluid Power Technology of Dacke Industri.
“Many years of collaboration with PMC Hydraulics Group have brought us immense benefits, thanks to their extensive global knowledge and experience, which have significantly enriched the value we deliver to our customers and employees. We are excited about the future and look forward to continuing as a stand-alone operation, owned by PMC Hydraulics Group 100%, anticipating many more opportunities ahead,” says A. K. Kamam, MD of Hydroquip Hydraulics.
