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.”
Schneider Electric’s next generation UPS Schneider Electric South Africa
News & events
Schneider Electric has launched the new Galaxy VXL – a highly efficient, compact, modular, scalable and redundant 500-1250 kW (400V) 3-phase uninterruptible power supply, complete with enhanced cybersecurity, software and safety features.
Read more...Fuchs Lubricants sails strong into 2025
News & events
The successful completion of a major investment programme has significantly increased the growth potential of Fuchs Lubricants South Africa.
Read more...WearCheck launches advanced thermography course
News & events
WearCheck recently launched a new training course, InfraFocus to upskill users of thermographic cameras. This highlights the best ways to capture thermographic imagery for use in a condition monitoring programme.
Read more...SKF empowers employees SKF South Africa
News & events
The cornerstone to SKF’s success as a global leader in premium bearing products and rotating technology is an unwavering commitment to investing in its valued employees. Tsholofelo Choma, who now proudly holds the position of quality environmental health and safety (QEHS) officer, exemplifies SKF’s employee-centricity ethos.
Read more...From the editor's desk: A new disruption Technews Publishing
News & events
Just when we thought we were getting to grips with ChatGPT, another large language model is causing havoc. This time it’s a Chinese one called DeepSeek, which was released on 20 January 2025 and on ...
Read more...Festo celebrates its centenary Festo
News & events
Creating added customer value through innovation has been the driving force behind the family-owned company from the beginning and remains the key to Festo’s success today. The company’s anniversary is being celebrated with employees, customers and partners worldwide throughout the year.
Read more...Motion technology for all types of automation Bearing Man Group T/A BMG
News & events Electrical switching & drive systems & components
BMG has been appointed by The Timken Company as a distributor in southern Africa for the Rollon linear motion guidance system.
Read more...Epiroc and ABB collaborate on underground trolley solutions
News & events
Epiroc and ABB have signed a MoU based on underground trolley equipment to collaborate on joint, comprehensive and integrated electrification solutions for the mining industry to increase productivity and achieve decarbonisation targets.
printer friendly version