PMC Hydraulics Group invests further in India and acquires remaining shares in Hydroquip Hydraulics
PMC Hydraulics Group, with Dacke Industri as the Parent Company, is one of the leading Nordic providers of hydraulic systems and components for OEM customers across Europe and Asia. It has entered an agreement in July 2024 to acquire the remaining shares in Hydroquip Hydraulics in Bangalore, India.
Hydroquip Hydraulics started in 1996 in Bangalore and is one of the leading distributors in India of hydraulic components for primarily Kawasaki and SUN products. Hydroquip has an extensive experience and expertise in hydraulics and, in addition to the distribution services, there are also capabilities within design and manufacturing of customized manifolds as well as design and manufacturing of computerized test stands.
“We are excited to announce the complete acquisition of the remaining shares in Hydroquip Hydraulics. This strategic move underscores our steadfast commitment to industry innovation and positions us for enduring growth and success. We will remain in operative positions to secure continuous sustainable development and the objective of continuing to strengthen the PMC footprint in India. Together, we capitalize on new opportunities, and deliver an increased value to our stakeholders,” says Mikael Lundgren, VP Fluid Power Technology of Dacke Industri.
“Many years of collaboration with PMC Hydraulics Group have brought us immense benefits, thanks to their extensive global knowledge and experience, which have significantly enriched the value we deliver to our customers and employees. We are excited about the future and look forward to continuing as a stand-alone operation, owned by PMC Hydraulics Group 100%, anticipating many more opportunities ahead,” says A. K. Kamam, MD of Hydroquip Hydraulics.
About PMC Hydraulics Group
PMC Hydraulics Group, a subsidiary of Dacke Industri since 2016, is one of the leading Nordic providers of hydraulic systems and components for OEM customers across Europe and Asia, with locations in Sweden, Finland, Denmark, Estonia, Latvia, Poland, China, and India. The offering extends from construction and design to complete hydraulic systems and components. The Group’s skills also include electromechanics and lubrication solutions. This gives PMC Hydraulics the unique competence to offer customers complete solutions. PMC Hydraulics is headquartered in Helsingborg, Sweden, and employs about 400 people with a net sale of approximately 100MEUR.
Visit PMC Hydraulics to learn more.
This is Dacke Industri
Dacke Industri is a long-term owner that invests in innovative technology companies within selected niches with potential for development. We provide expertise and strategic guidance to build sustainable companies over time. We follow a decentralized model where our companies have a high degree of autonomy and are run independently.
Our companies have their own products or systems with a strong technical focus, development- and design expertise, and quality execution. The companies use existing platforms for innovation and work towards environmentally sustainable products and production.
Dacke Industri is owned by Nordstjernan since January 2016.
Today Dacke Industri has 24 subsidiaries within 4 divisions, about 1600 employees worldwide, and net sales of SEK 4,5 billion.
Dacke Industri | With long term ownership in focus
For more information please contact:
Mikael Lundgren
VP Fluid Power Technology
Dacke Industri
+ 46 70 999 87 38 mikael.lundgren@dackeindustri.com
Lars Fredin
Group CEO
Dacke Industri
+46 70 770 71 00 lars.fredin@dackeindustri.com
Camilla Quist
Communication and Administration Manager
Dacke Industri
+46 70 590 03 70 camilla.quist@dackeindustri.com
From the left in the image: Susheel Rathi, General Manager at Hydroquip Hydraulics, Mikael Lundgren, CEO of PMC Hydraulics, Raghunathan Ramakrishnan, Technical Director at Hydroquip Hydraulics, A.K. Kamam, MD of Hydroquip Hydraulics and Lars Fredin, Group CEO of Dacke Industri.
