Poclain Hydraulics buys the Fluid Power division of Comer Industries
From the 15th December 2009, Poclain Hydraulics will take majority control of the hydraulic division of the Comer Industries group. This production facility designs and manufactures axial piston hydraulic pumps and motors for mobile machinery manufacturers. Situated close to Modena (Italy), it employs 91 people and in 2008 generated over €15 million ($23 millions) in sales.
This purchase is an opportunity for Poclain Hydraulics to enrich its catalogue offer by presenting a range of small displacement axial piston pumps and motors alongside its products and systems dedicated to power transmissions.
This expanded range will subsequently enable Poclain Hydraulics to better meet the needs of the construction equipment, agricultural machine, handling machinery and urban vehicle markets.
While the entire industrial world is experiencing a tough economic climate, with this acquisition, Poclain Hydraulics has positioned itself for future growth. Its new industrial subsidiary, Poclain Hydraulics Industriale Srl, will benefit from the expertise of a global sales network including 17 sales subsidiaries and over 150 distributors, along with synergy effects linked to the large number of applications offered by Poclain Hydraulics in the hydraulics and systems domain on the 5 continents.
With this, the group is pursuing its external growth strategy: two years after the takeover of Kladivar in Slovenia, which has become the centre of excellence for hydraulic valves, this acquisition allows Poclain Hydraulics to offer more innovative, complete solutions for its clients' platforms.
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