MANULI FLUICONNECTO HOLDING ANNOUNCES A NEW ACQUISITION: HYTAR Oy

(Rotterdam, February, 4th 2015) Fluiconnecto by Manuli, a division of Manuli Rubber Industries (MRI), announces the acquisition of 100% of the shares of Hytar Oy, with operations in Finland and Estonia.

Hytar Oy, with projected sales of about 24.000.000 EUR in 2014, is focused on providing hydraulic parts and services to End Users and major OEMs across Finland and Estonia, where it operates through 12 wholly owned service points and HydroShops.

Hytar, with a leading market share in Finland, reaches its customers through an ever growing network. Its services comprise added value solutions offering high pressure hydraulic hose assemblies and tubing, stainless steel couplings, hydraulic cylinders and valve blocks.

Moreover, Hytar has a unique experience and know-how in Water Hydraulics.

As a member of the Fluiconnecto network, Hytar brings its customers closer to the manufacturer than any other hydraulics supplier, enabling to move goods faster, ensure continuity of supply and deliver truly global logistics solutions.

In addition, the relationship provides Hytar’s customers with direct access to Manuli’s highly skilled technicians and engineers, who operate from five global Innovation Centres focused on the continuous development of new technologies and integrated customer tailored technical solutions.

Fluiconnecto by Manuli, is a leading international service organization, focused on high pressure fluid connectors, providing products and application knowledge, as well as maintenance services to all market segments, through a growing global network tailored to local conditions.

With Hytar on board, the Fluiconnecto by Manuli Group will now operate a network of over 240 fully owned hydroshop and on-site workshops in Europe, the Middle East, Africa, South America and the Asia Pacific region.

For more information, visit Manuli Rubber Industries’ website www.manulirubber.com, Fluiconnecto by Manuli’s website www.fluiconnecto.com and Hytar’s website www.hytar.fi