Member News: Manuli Hydraulics Acquires PSI Hydraulics Private Limited

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 Manuli Hydraulics.

manulihydraulicsManuli Hydraulics recently announced the acquisition of the majority of shares of the Indian company, PSI Hydraulics Private Limited. PSI is India’s third-largest company for hydraulic fluid conveyance solutions. OEMs and end users use its products for a variety of applications, including construction, mining, and machine tools. Once the acquisition is complete, PSI Hydraulics Private Limited will become Manuli PSI Hydraulics Private Limited. The acquisition is expected to strengthen the company’s global footprint. Read the full release here.

Is your company making news? Let us know! Send your press releases regarding acquisitions, key personnel changes, moves, and expansions to Katrina Schwarz at kschwarz@nfpa.com.

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