Drives acquisition targets growing markets
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Bosch Rexroth - Hydraulics product story
Edited by the Engineeringtalk editorial team
Jul 31, 2008
In the renewable energies sector, Hagglunds Drives products are used to drive machines for producing ethanol and feature in the first prototypes for generating tidal energy.
Bosch Rexroth plans to acquire all shares in Hagglunds Drives, which is based in Mellansel, Sweden.
The contract was signed on 18th July, 2008 in Stockholm, Sweden.
The acquisition is subject to approval by the authorities.
In 2007, Hagglunds Drives employed around 900 people and achieved sales of approximately Eur 200 million.
Hagglunds Drives is a international supplier of complete hydraulic drive systems, separate drive motors and services.
The group develops, manufactures, markets and services complete drive system solutions for applications requiring high torque and variable speeds.
The drive systems are used in a wide range of industries, such as mining and materials handling, marine and offshore, recycling, sugar, pulp and paper.
In the renewable energies sector, Hagglunds Drives products are used to drive machines for producing ethanol and feature in the first prototypes for generating tidal energy.
"The acquisition of Hagglunds 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", according to Dr Albert Hieronimus, Chairman of the Executive Board of Bosch Rexroth.
Bosch Rexroth already offers a broad range of hydraulics solutions for industrial and mobile applications.
At present, however, it only supplies radial piston motors - the primary product manufactured by Hagglunds Drives - in performance classes for use in mobile applications, such as small construction machinery.
The headquarters of Hagglunds Drives in the Swedish city of Mellansel is also the company's largest production site.
Other production sites are located in San Antonio, Texas and Columbus, Ohio in the USA.
The hydraulics specialist has a global sales network and offices in over 20 countries, in addition to around 50 sales and service offices.
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Contact Bosch Rexroth - Hydraulics
Tel +44 1480 223200
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