classic | mobile
 

Search...

 

Sun Hydraulics acquires Faster Group
2nd Quarter 2018, News & events


Sun has entered into a definitive agreement to acquire the shares of Faster Group for R6,3 billion. Faster is a leading global manufacturer of quick-release hydraulic coupling solutions. Its primary markets include agriculture, construction equipment and general industrial applications. Headquartered in Milan, Italy, Faster has manufacturing operations co-located with its headquarters, as well as in Toledo, Ohio and Pune, India. Additionally, the company has sales offices in Shanghai, China; São Paulo, Brazil and Langenfeld, Germany.

Wolfgang Dangel, Sun’s president and chief executive officer, commented, “The acquisition of Faster is in alignment with our Vision 2025, advancing Sun Hydraulics as a global technology leader in the industrial goods sector while maintaining superior profitability and financial strength. Faster further diversifies Sun more deeply into the growing global agriculture market. The business also broadens our global footprint, advancing our ‘in the region, for the region’ initiative.” He added, “We see a tremendous amount of synergy with both our hydraulics and electronics segments, including opportunities to introduce our respective products to each other’s customer bases as well as leveraging technologies and expanding utilisation of existing manufacturing capacity.”

For more information contact Fritz Kern, Axiom Hydraulics, +27 (0)11 334 3068, fritz@axiom.org.za, www.axiomsa.co.za


Credit(s)
Supplied By: Axiom Hydraulics
Tel: +27 11 334 3068
Fax: +27 11 334 4543
Email: eugene@axiom.org.za
www: www.axiom.org.za
Share via email     Print this page  

Further reading:

  • The digital deluge
    3rd Quarter 2018, Technews Publishing, News & events
    Welcome to our bumper issue of Motion Control. A big welcome also to new SAFPA president, Dustin Pereira. In the President’s letter we have an interview with him to see what his plans are for SAFPA. We ...
  • An exciting new initiative
    3rd Quarter 2018, Honingcraft, News & events
    The Hydraulics and Pneumatics Export Cluster (HAPEC) will operate under the auspices of the DTI-affiliated South African Capital Equipment Export Council (SACEEC).
  • Mining solutions from SMC
    3rd Quarter 2018, SMC Pneumatics South Africa, News & events
    SMC Pneumatics is a leading supplier to mines worldwide and can provide high quality solutions capable of withstanding the aggressive mining environment.
  • New value-added services from SEW-Eurodrive
    3rd Quarter 2018, SEW-Eurodrive, News & events
    SEW-Eurodrive has expanded its field service department and is growing its service offering with the addition of value-added services, such as vibration and oil analysis. “Normally we carry out a visual ...
  • BMG adds Dual Valves to its portfolio
    3rd Quarter 2018, Bearing Man Group t/a BMG, News & events
    BMG’s strategy to expand its fluid technology services to meet growing market demand incorporates the introduction of new products, with the latest developments in design technologies, materials and coatings. ...
  • Fifty years of powering the world
    3rd Quarter 2018, Schneider Electric South Africa, News & events
    Schneider Electric is celebrating 50 years of automation transformation, with its invention in 1968 of the first PLC. Prior to the introduction of the PLC, the level of real-time measurement and control ...
  • ParkerStore in Limpopo
    3rd Quarter 2018, ParkerStore Limpopo, News & events
    Parker Hannifin has opened a new state-of-the-art distributor facility in Limpopo. This is the 15th ParkerStore in South Africa and one of over 2300 Parker Hannifin distributors worldwide. The executive ...
  • Schneider Electric at Ramaphosa’s WEF Roundtable
    3rd Quarter 2018, Schneider Electric South Africa, News & events
    Schneider Electric participated in the World Economic Forum (WEF) Regional Roundtable with President Cyril Ramaphosa and members of the South African government held on 28 June 2018 in Johannesburg. Highlighting ...
  • Engineering the future
    3rd Quarter 2018, Siemens Digital Factory & Process Ind. & Drives, News & events
    With the theme ‘Engineering the Future’, the recent annual Engineering Community Conference (ECC) was once again a resounding success. Hosted by engineering technology specialist, ESTEQ, with Siemens ...
  • Appointments
    3rd Quarter 2018, News & events
      
  • KSB pumps for University of Pretoria
    3rd Quarter 2018, News & events
    KSB Pumps and Valves has assisted the University of Pretoria in the construction of a large controlled temperature test unit, which will form the backbone of ongoing research into heat transfer, fluid ...
  • Electra Mining Africa: more than just a show
    3rd Quarter 2018, News & events
    From 10-14 September at the Expo Centre in Nasrec, Johannesburg, leading players in the mining, manufacturing, electrical and power industries will be engaging with visitors and displaying their latest ...

 
 
         
Contact:
Technews Publishing (Pty) Ltd
1st Floor, Stabilitas House
265 Kent Ave, Randburg, 2194
South Africa
Publications by Technews
Dataweek Electronics & Communications Technology
Electronic Buyers Guide (EBG)

Hi-Tech Security Solutions
Hi-Tech Security Business Directory

Motion Control in Southern Africa
Motion Control Buyers’ Guide (MCBG)

South African Instrumentation & Control
South African Instrumentation & Control Buyers’ Guide (IBG)
Other
Terms & conditions of use, including privacy policy
PAIA Manual





 

         
    classic | mobile

Copyright © Technews Publishing (Pty) Ltd. All rights reserved.