- Bucher Industries is acquiring the medium-sized enterprise Ölhydraulik Altenerding in Erding, Germany, for its Bucher Hydraulics division. The company specialises in advanced hydraulic cylinder technology for high-pressure applications, which complements Bucher Hydraulics' portfolio of hydraulic solutions.
Changing demands on hydraulic systems worldwide reflect megatrends towards greater energy and cost efficiency, enhanced functionality and environmental compatibility. At the same time, there is a long-term trend towards hydraulic and electrical drive systems. High-end cylinder technologies, combined with pumps and valves in customized solutions, are in line with this trend.
The family-owned company of Ölhydraulik Altenerding Dechamps & Kretz GmbH & Co. KG was founded in 1961. From its base in Erding, the company develops, manufactures and assembles special systems based on advanced hydraulic cylinder technology in the high-pressure range for a broad customer base in Europe. The systems are used mainly in mobile hydraulics, but also in industrial and special-purpose hydraulics. The company has extensive application know-how and is close to its customers thanks to a commitment to developing customer-specific drive solutions. The main fields of application for Ölhydraulik Altenerding systems are in construction machinery and cranes. With around 250 employees, the company generated sales of EUR 35 million in the financial year ended 30 April 2012. The parties have agreed not to disclose the purchase price. Completion of the deal requires the approval of the relevant competition authorities.