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Kraftmek Oy acquires Oy Hydro-Material Ab

kraftmek hydro material

Kraftmek Oy, a leading power transmission, bearing and hydraulics expert has acquired the entire share capital of Oy Hydro-Material Ab by an agreement that will take effect on April 1, 2021.

Founded in 1975, Oy Hydro-Material Ab is an expert company in hydraulics. It serves the manufacturing industry in Finland, Baltic Countries and Russia by supplying hydraulic systems and components from the world’s leading manufacturers as well as and Hydromat-oil coolers from their own manufacturing. Hydro-Material revenue was around EUR 5 million in 2020.

“Joining forces with Hydro-Material is a significant investment from Kraftmek in hydraulics. Together we can serve our customers with a substantially wider, competitive product offering. Also Hydro-Material´s current customers will benefit from having access to a wide selection of power transmission and bearing components from the same supplier,” said Ilpo Pinola, managing director of Kraftmek Oy.

“Hydro-Material Oy complements the product and service offering of Addtech Components business unit in Finland, the Baltic countries and Russia. Hydro-Material and Kraftmek will form a strong player adding value to our current and potential customers,” commented Markku Suominen, COB of Kraftmek.

The employees of Hydro-Material will continue as employees of Kraftmek. The managing director of Hydro-Material, Anders Nyberg will continue as a product group manager of Hydro-Material -products.

“Kraftmek Oy is an ideal new owner for Hydro-Material,” said Anders Nyberg. “Our team will continue the good customer service as before, and we will now be supported by Kraftmek´s sales force and wide product portfolio. This is a growth opportunity for us and our customers will reap the benefits of us joining forces.”.

kraftmek hydro tuotteet

Further information:

Ilpo Pinola
Managing Director, Kraftmek Oy
p. +358 40 5768 170, This email address is being protected from spambots. You need JavaScript enabled to view it.

Markku Suominen,
Addtech Components Finland
p. +358 400 418074, This email address is being protected from spambots. You need JavaScript enabled to view it.

Anders Nyberg
Managing Director, Oy Hydro-Material Ab
p. +358 50 644 65, This email address is being protected from spambots. You need JavaScript enabled to view it.

Kraftmek Oy
Kraftmek Oy is a leading power transmission, bearing and hydraulics expert in Finland since 1973. The company has 6 employees and sales of around EUR 4 million. Kraftmek is a part of Addtech Group´s Components Division. www.kraftmek.com

Addtech Ab
Addtech is a technology trading group that provides technological and economic value added in the link between manufacturers and customers. Addtech operates in selected niches in the market for advanced technology products and solutions. Its customers primarily operate in the manufacturing industry and infrastructure. Addtech has about 3 000 employees in around 130 subsidiaries that operate under their own brands. The Group has annual sales of about SEK 11 billion. Addtech is listed on Nasdaq Stockholm. www.addtech.com

Oy Hydro-Material Ab
Oy Hydro-Material Ab is an expert company in hydraulics. It serves industry in Finland, Baltic Countries and Russia. Hydro Material sales last year was around EUR 5 million. The company is located in Siuntio, 40 km west of Helsinki.
www.hydro-material.fi

 

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