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.”
New digital tool reconditioning portal puts customers fully in control
News & events
Sandvik Coromant has upgraded its tool reconditioning service for solid round tools. The upgraded service replaces a previously manual, multi-stage workflow with a streamlined, fully online experience that dramatically reduces quotation and turnaround times.
Read more...New automation innovations on show at Electra Mining Africa 2026
News & events
South African engineers are leaders in innovation and technology development. Many of these innovations and newly automated systems will be on display at the largest trade show of its kind in southern Africa, Electra Mining Africa 2026, taking place in Johannesburg later this year.
Read more...Investment in training is key for the lubrication industry
News & events
Lubrication management has grown more sophisticated in recent years, yet equipment failure rates linked to lubrication problems remain stubbornly high. The reason for this is that technology can only go so far without the people behind it being properly trained.
Read more...Elevating artisanal skills is key to revitalising South Africa’s economy
News & events
We need to challenge the stigma attached to artisanal and technical careers, and we also need a mindset shift supported by the schooling system so that young people understand future career pathways, choose subjects accordingly, and recognise that artisanal and technical skills carry equal value in a modern economy.
Read more...From the editor's desk: A tool not a crutch Technews Publishing
News & events
Every year, the dictionaries try to summarise a year of human behaviour with a single word, the word of the year. You can question the value of this, but it’s quite entertaining. Words are important, ...
Read more...Experience ICRA 2026 right here in Gqeberha, South Africa
News & events
The IEEE International Conference on Robotics and Automation (ICRA) is the largest robotics, automation, artificial intelligence, and manufacturing conference in the world. You can experience the premier keynote and plenary presentations in Gqeberha.
Read more...Woman of Stature Awards South Africa
News & events
In a powerful recognition of excellence in a traditionally male-dominated industry, Thabisile Phumo won the Woman in Mining and Engineering award at the 2026 Woman of Stature Awards South Africa.
While every effort has been made to ensure the accuracy of the information contained herein, the publisher and its agents cannot be held responsible for any errors contained, or any loss incurred as a result. Articles published do not necessarily reflect the views of the publishers. The editor reserves the right to alter or cut copy. Articles submitted are deemed to have been cleared for publication. Advertisements and company contact details are published as provided by the advertiser. Technews Publishing (Pty) Ltd cannot be held responsible for the accuracy or veracity of supplied material.
printer friendly version