Sun has entered into a definitive agreement to acquire the shares of Faster Group for R6,3 billion. Faster is a leading global manufacturer of quick-release hydraulic coupling solutions. Its primary markets include agriculture, construction equipment and general industrial applications. Headquartered in Milan, Italy, Faster has manufacturing operations co-located with its headquarters, as well as in Toledo, Ohio and Pune, India. Additionally, the company has sales offices in Shanghai, China; São Paulo, Brazil and Langenfeld, Germany.
Wolfgang Dangel, Sun’s president and chief executive officer, commented, “The acquisition of Faster is in alignment with our Vision 2025, advancing Sun Hydraulics as a global technology leader in the industrial goods sector while maintaining superior profitability and financial strength. Faster further diversifies Sun more deeply into the growing global agriculture market. The business also broadens our global footprint, advancing our ‘in the region, for the region’ initiative.” He added, “We see a tremendous amount of synergy with both our hydraulics and electronics segments, including opportunities to introduce our respective products to each other’s customer bases as well as leveraging technologies and expanding utilisation of existing manufacturing capacity.”
Read more...From the editor's desk: A good servant and a bad master Technews Publishing
News & events
In our new AI-generated world it was inevitable that the Nobel Committee would have noticed. Now two pioneers of artificial intelligence, John Hopfield and Geoffrey Hinton, have won the Nobel Prize ...
Read more...Celebrating 65 years: rebuilding and redefining its legacy Axiom Hydraulics
Editor's Choice News & events
Founded in 1959 by Neill Simpson, Axiom Hydraulics has grown into one of South Africa’s elite hydraulic companies. Over the past six and a half decades they’ve weathered many challenges, but none as devastating as the fire of 2023.
Read more...Eskom Expo International Science Fair honours top young scientists
News & events
Excitement filled the air as the 44th Eskom Expo International Science Fair (ISF) opened its doors, welcoming young scientists with an electrifying line-up of activities, including robotics and coding workshops, and riveting science shows.
Read more...Young robotics team takes world title igus
News & events
In an inspiring demonstration of innovation and teamwork, Texpand, a young South African robotics team, recently made history by winning the 2024 FIRST Tech Challenge World Championships.
Read more...Axiom reaches new heights Axiom Hydraulics
Editor's Choice Electrical switching & drive systems & components
When Rula Bulk Handling could not source a cable tensioner large enough for a new cableway, the engineers knew they had to come up with an inventive solution. After discovering that no such tensioner was immediately available, Rula approached Axiom Hydraulics and ifm to assist with building their own.
Read more...Bosch Rexroth Africa announces retirement of COO, Mike Harrison Bosch Rexroth Africa
News & events
Bosch Rexroth Africa would like to announce the retirement of one of its stalwarts. Group chief operating officer, Mike Harrison will retire at the end of the year. His retirement marks the end of a remarkable career spanning 34 years.
Read more...Decades of excellence in mobile and industrial hydraulic solutions Axiom Hydraulics
Hydraulic systems & components
For over four decades, Impro Fluidtek has been at the forefront of hydraulic solutions in mobile and industrial applications. This is borne out by four patents and the sale of over three million hydraulic orbital motors across three continents.
Read more...Selection of two-port valves: an open and shut case SMC Corporation South Africa
News & events
Little consideration is generally given to 2-port valves because they are often perceived as simple devices that only open and close to control downstream fluid supply. Although this is mechanically true, choosing the optimal 2-port valve for your application can make a big difference, saving space, weight and energy consumption.
printer friendly version