Milano, July, 7 2008 - Manuli Rubber Industries announces the acquisition of 70% of the shares of SIN AA Hydraulic & Trading Pte Ltd, a privately owned company headquartered in Singapore.
SIN AA is a leading company with a focus on hydraulics, providing advanced maintenance services to the construction industry and to other sectors in the Singapore market. SIN AA's highly recognized technical competence, its ability to promptly respond to customers' needs, the broad availability of components and the high expertise and know-how, have allowed SIN AA to become the leading mobile maintenance service provider in Singapore.
SIN AA employs 25 people, and is expected to continue its growth in the years to come. The current management will remain on board, committed to support the company for its further developments and success. SIN AA serves the market through two service points and a fleet of 10 fully equipped vehicles for on site maintenance.
The company will change the name into Manuli Fluiconnecto Pte Ltd and will be integrated in the Fluiconnecto by Manuli Group. Fluiconnecto By Manuli is a leading international distribution organization, serving all sectors of activity with a complete range of high quality hydraulic connectors and related services, driven by know how and added value.
"This acquisition" - said Mr Dardanio Manuli, CEO of Manuli Rubber Group - "marks and important step for the Fluiconnecto by Manuli Group as it represents the first venture in Asia which will soon be joined by a green field operation in Australia".
Including the latest expansion into Singapore, Fluiconnecto By Manuli now operates a network of more than 110 fully owned hydroshops and a fleet of more than 20 fully equipped vehicles for on site maintenance in Europe, South America, South Africa, Asia and Oceania.
For more information, visit Manuli Rubber Industries' web site www.manulirubber.com and Fluiconnecto by Manuli's web site www.fluiconnecto.com.