Bosch Rexroth acquisition of Hagglunds Drives AB

Bosch Rexroth plans to acquire all shares in Hagglunds Drives AB will expand its industrial hydraulics portfolio.

The contract was signed on July 18, 2008 in Stockholm (Sweden) and the acquisition is subject to approval by the authorities.

In 2007, Hagglunds Drives employed around 900 people and achieved sales of approximately EUR 200 million.

Hagglunds Drives is a leading international supplier of complete hydraulic drive systems, separate drive motors and services.

The Group develops, manufactures, markets and services complete drive system solutions for applications requiring high torque and variable speeds.

The drive systems are used in a wide range of industries, such as mining and materials handling, marine and offshore, recycling, sugar, pulp and paper.

In the renewable energies sector, Hagglunds Drives products are used to drive machines for producing ethanol, and feature in the first prototypes for generating tidal energy.

"The acquisition of Hagglunds Drives expands our industrial hydraulics portfolio and by this we gain new potential in growing markets, such as renewable energies, and mining and materials handling," explains Dr Albert Hieronimus, Chairman of the Executive Board of Bosch Rexroth AG.

Bosch Rexroth already offers a broad range of hydraulics solutions for industrial and mobile applications.

At present, however, it only supplies radial piston motors - the primary product manufactured by Hagglunds Drives - in performance classes for use in mobile applications, such as small construction machinery.

The headquarters of Hagglunds Drives in the Swedish city of Mellansel is also the company's largest production site.

Other production sites are located in San Antonio, Texas and Columbus, Ohio in the USA.

The hydraulics specialist has a global sales network and offices in over 20 countries, in addition to around 50 sales and service offices.

Back to top