HAWE Acquires 55% of the Shares of Hydra-Fab

Friday, June 1, 2018

HAWE Hydraulik Acquires 55% of the Shares of

Hydra-Fab Fluid Power Inc.

On June 1st 2018, HAWE Hydraulik acquires 55% of the shares of Hydra-Fab Fluid Power Inc., Ontario, Canada. The remaining shares will continue to be held by the managing director of Hydra-Fab. With this acquisition, a strong partner with a strong team is joining the HAWE group.

Hydra-Fab Fluid Power has been a distributor for HAWE in the Canadian province of Ontario for 18 years and therefore has in-depth application knowledge and experience in working with the HAWE Hydraulik product program. With 27 employees in Mississauga near Toronto, the company generated sales of € 8 million CAD in 2017.  The scope of services includes engineering, assembly, sales and service of (electro-) hydraulic systems and components. Hydra-Fab is present in both mobile and industrial applications. It is a specialist in workholding hydraulics as well as in filtration.

With this step, HAWE is further strengthening its position in North America in addition to the existing facilities in Charlotte (NC), Portland (OR) and Houston (TX) and the participation in Northstar Fluid Power Inc. in Alberta, Canada.

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