PMC Group acquires Hydranor—strengthens position as leading supplier of hydraulic systems in Offshore & Marine
As of 30 March 2012, PMC Group AB (PMC) has entered into an agreement to purchase the operations of Hydranor AS of Norway. The transaction is subject to approval from Norwegian competition authority. This new company’s name will be PMC Hydranor AS. Hydranor is a leading Nordic supplier of hydraulic high-pressure valves and manifold blocks for the international offshore & marine sector. The company is based in Kongsberg, Norway, had sales of NOK 75 m in 2011 and 50 employees. “Hydranor brings PMC unique know-how and extends our customer offering, not just in the Nordics, but also our