Bosch Rexroth to buy Swedish hydraulic drives manufacturer

Industrial Distribution staff -- Industrial Distribution, 7/21/2008 7:08:00 AM

German power transmission and motion control products maker Bosch Rexroth plans to acquire Swedish hydraulic drives manufacturer Hägglunds Drives AB for an undisclosed amount.

Mellansel, Sweden-base Hägglunds Drives, which posted sales of roughly $274 million last year, employs about 900 workers in facilities in Sweden, San Antonio, Texas, and Columbus, Ohio. The company manufactures hydraulic drive systems, separate drive motors and provides related services to the mining, materials handling, marine and offshore, recycling, sugar, pulp and paper industries.

“The acquisition of Hägglunds Drives expands our industrial hydraulics portfolio and by this we gain new potential in growing markets, such as renewable energies, and mining and materials handling," Bosch Rexroth chairman Albert Hieronimus said.

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