Bosch Rexroth acquires Hägglunds Drives

Wednesday, August 13, 2008


 

Ratos has agreed on the sale of Hägglunds Drives to the German company Bosch Rexroth.

” Focused efforts in recent years to accelerate growth through investment in the sales and marketing organisation, new markets and segments, and expanded aftermarket services as well as extensive product development have laid the foundation for Hägglunds Drives’s positive development”, says Ratos CEO Arne Karlsson.

”Together with Bosch Rexroth we will be able to further develop our focus on offering complete hydraulic drive systems in several of our existing segments. We will also be able to offer our deliveries of complete hydraulic drive systems to new interesting segments as renewable energy production. Combined with Bosch Rexroths strong position on specific markets where we’re not represented today we will have a good position for continued strong growth, says Per Nordgren, CEO Hägglunds Drives.

"The acquisition of Hägglunds Drives expands our industrial hydraulics portfolio and significantly strengthens our position in growing markets such as renewable energies and raw materials production", says Dr. Albert Hieronimus, chairman of the executive board of Bosch Rexroth AG.

Bosch Rexroth, a subsidiary within the German Robert Bosch GmbH, is one of the world-leading suppliers within drive and control technology. The Drive and Control Company develops, produces and sell Bosch Rexroth components and systems in more than 80 countries.

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Obangame Express 2015 Concludes in the Gulf of Guinea

Maritime forces from Gulf of Guinea nations, Europe, South America, and the United States and several regional and international organizations concluded the multinational maritime exercise,

Scandlines Ferry Back in Service by End June

The damaged Scandlines ferry M/V Prinsesse Benedikte is being repaired at the Polish shipyard Remontowa and is expected to be ready before the end of June 2015.

Greece Will Sell Piraeus Port Stake in Weeks

The Greek government will sell its majority stake in the port of Piraeus within weeks, the country's deputy prime minister told China's official Xinhua news agency,

 
 
Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1033 sec (10 req/sec)