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.