NFPA member news is designed to inform members of key industry updates in quick, bite-sized posts that provide only the most important information. This week’s update comes from Sun Hydraulics.
Sun Hydraulics recently announced its acquisition of Milan, Italy-based Faster Group. Faster Group was founded in 1951 and specializes in quick release hydraulic couplers, which it sells to a variety of agricultural, construction equipment, and industrial markets worldwide. Faster was a privately held company after having been acquired by Argan Capital in 2007 and Capvis Equity in 2014. The company has locations in Italy, Germany, the United States, Brazil, India, and China that employ over 475 people. The acquisition is part of Sun’s long-term strategy to expand its footprint in the industrial goods and agriculture markets as well as globally. The transaction is expected to close in the second quarter. Read the full release here.
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