Bosch Rexroth plans to acquire Hydraforth

Create Date: 2024-8-30 12:03:23|Source: Rexroth/Rexroth

The combination of Bosch Rexroth and Hydfoss contributes to the expansion of the hydraulic portfolio worldwide

Join forces to open up new market opportunities and expand sales channels

Bosch Rexroth AG ("Bosch Rexroth") plans to further expand its leading position in the hydraulics business through the acquisition of Hydforth Corporation ("Hydrafuth") in Lincolnshire, Illinois, United States. HydraForce designs and manufactures hydraulic cartridge valves and manifolds for high-performance solutions with 6 manufacturing facilities in the United States, Brazil, United Kingdom and China, employing 2,100 people. Bosch Rexroth and Hydelfoss signed an acquisition agreement on July 15, 2022, and the purchase price will not be disclosed. At present, the acquisition is still subject to the approval of the antitrust authorities.

With the planned acquisition of Hydrafus, Bosch Rexroth is strengthening its global presence and further expanding its sales network in order to gain better market access. "With the acquisition of Hydforth, we hope to complement the development of our business segments in all regions, and at the same time balance the pace of growth in Europe and North America, while enabling growth in Asia." Mr. Rolf Najork, Member of the Board of Management of Bosch Group and CEO of Bosch Rexroth, said.

"Bosch Rexroth is a great partner and we value and embrace similar concepts in terms of technological innovation, customer focus, application knowledge and corporate culture. I am confident that this change of ownership will create great opportunities for our customers, partners and employees to achieve continued growth." Mike Terzich, President and CEO of Hydforth·, said.

The combination of Bosch Rexroth offering cutting-edge and comprehensive compact hydraulic components and systems, while HydraForce produces solenoid cartridge valves and hydraulic manifolds (HICs) will provide customers with a more comprehensive and versatile range of compact hydraulic solutions. Among them, compact hydraulic components occupy an important position with high power density and excellent functional performance in secondary hydraulic systems. For example, they ensure that excavators lift and lower with loads safely and precisely.

"Thanks to a well-established product portfolio and a global strategic layout, Bosch Rexroth has a strong business foundation. This acquisition of HydraForce will enable us to continue to deepen our global presence by focusing on our sales partners and system integrators, as well as on our indirect sales channels. In addition, in response to the current challenging times, Bosch Rexroth is also actively deploying to help stabilize the regional supply chain in order to better meet customer needs. Frank Hess, Vice President of the Compact Hydraulics Division at Bosch Rexroth, said. Today, the division employs 1,800 people and has four production sites in China, United States, Germany and Italy.
Bosch Rexroth plans to acquire Hydraforth


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