German company Bosch Rexroth has acquired Hgglunds Drives, a leader in the hydraulic motors and drive systems niche. Hgglunds Drives develops, manufactures and markets drive system solutions for high torque, low speed and variable speed applications.
”Focused efforts in recent years to accelerate growth through investment in the sales and marketing organization, new markets and segments, and expanded aftermarket services as well as extensive product development have laid the foundation for Hgglunds Drives' positive development,” said Arne Karlsson, CEO of Ratos, the private equity firm that approved the sale.
”Together with Bosch Rexroth we will be able to further develop our focus on offering complete hydraulic drive systems in several of our existing segments,” said Per Nordgren, CEO Hgglunds Drives. “We will also be able to offer our deliveries of complete hydraulic drive systems to new interesting segments as renewable energy production. Combined with Bosch Rexroth's strong position on specific markets where we're not represented today, we will have a good position for continued strong growth.”
Bosch Rexroth, a subsidiary within the German Robert Bosch GmbH, is a leading supplier within drive and control technology. The company develops, produces and sells Bosch Rexroth components and systems in more than 80 countries.
Hgglunds Drives has approximately 860 employees. Production is located in Mellansel, Sweden, San Antonio, Texas, and Columbus, Ohio. The group has 16 subsidiaries, personnel in over 20 countries, and around 50 sales and service offices. In addition, there are distributors in around 20 countries. The largest geographical markets are Europe, China, India, Australia and North America.
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