Company acquisition plans

Bosch Rexroth plans to acquire all shares in Hägglunds Drives AB, which is based in Mellansel, Sweden. The contract was signed on 18 July 2008. The acquisition is subject to approval by the authorities.

Hägglunds Drives is an international supplier of complete hydraulic drive systems, separate drive motors and services. The group develops, manufactures, markets and services complete drive system solutions for applications requiring high torque and variable speeds. The drive systems are used in a wide range of industries, such as mining and materials handling, marine and offshore, recycling, sugar, pulp and paper.

In the renewable energies sector, Hägglunds Drives products are used to drive machines for producing ethanol, and feature in the first prototypes for generating tidal energy.

The headquarters of Hägglunds Drives in the Swedish city of Mellansel is also the company's largest production site. Other production sites are located in San Antonio, Texas, and Columbus, Ohio, in the US. The hydraulics specialist has a global sales network and offices in over 20 countries, in addition to around 50 sales and service offices.