Bosch Rexroth Company
On February 3, 2023, Bosch Rexroth accomplished the acquisition of hydraulic specialist HydraForce after receiving approval from the antitrust authorities. The OEM Off-Freeway staff beforehand reported the corporate’s plan to accumulate Hydraforce.
“The acquisition of HydraForce broadens the hydraulics providing for present and new prospects, expands our international market entry by way of further oblique gross sales channels and gives alternatives for additional development,” says Dr. Steffen Haack, CEO of Bosch Rexroth.
Purpose for the Acquisition
To increase the worldwide hydraulics enterprise, Bosch Rexroth and HydraForce mix their presence in complementary areas and supply a extra balanced protection in Europe and North America, whereas enabling development in Asia. Merging actions preserve regional provide chains for quick product availability and a good stronger buyer assist.
Whereas Bosch Rexroth affords a wider vary of compact hydraulic parts and methods, HydraForce focuses on mechanical and electrical cartridge valves and hydraulic built-in circuits. Compact hydraulics are significantly helpful due to their excessive energy density and capabilities relating to important capabilities in hydraulic methods. The worldwide marketplace for these methods has been rising repeatedly, and Bosch Rexroth expects its newly formed Compact Hydraulics Enterprise Unit to fulfill or exceed market development. The enterprise actions of HydraForce will probably be built-in within the Compact Hydraulics Enterprise Unit of Bosch Rexroth, which collectively then employs 3,900 associates and operates at 9 manufacturing areas within the U.S., Brazil, China, Germany, Nice Britain and Italy. The management staff of the Compact Hydraulics Enterprise Unit will consist of managers from Bosch Rexroth and HydraForce. Frank Hess, presently heading the Compact Hydraulics Enterprise Unit of Bosch Rexroth, will lead the mixed group.
“We warmly welcome all HydraForce colleagues to our highly effective Bosch Rexroth household and need the whole Compact Hydraulics staff a profitable begin,” provides Haack.
“As HydraForce and Bosch Rexroth be part of forces, we will mix our buyer focus, utility experience and entrepreneurial know-how to realize sustained development above market. Collectively, we’ll proceed to supply wonderful assist and improvements for our prospects, additional develop our robust relationships with companions, and open nice alternatives for our associates,” says Frank Hess, Head of the Compact Hydraulics Enterprise Unit of Bosch Rexroth.
Through the Integration
The combination begins now. Throughout this time, HydraForce and Bosch Rexroth prospects and suppliers will proceed to be served by their trusted contacts in the respective gross sales and buying groups. HydraForce will proceed to function beneath its personal model in the interim. The newly formed Compact Hydraulics Enterprise Unit will function from its present headquarters in Lincolnshire, Illinois, and Nonantola, Italy.
Be taught extra from this Bosch Rexroth press launch.
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