GERMANY

Strategic alliance formed

The diversified Italian producer of power transmissions and fluid power, PMP Industries S.p.A., and the German manufacturer of comprehensive heavy duty hydraulics, Linde Hydraulics, have announced on 28.04.2014 their global strategic alliance. The agreement broadens each other’s product portfolio, sales channels and regional coverage.

Both companies will offer the other party’s products through their own extensive sales and service networks to utilize individual regional strengths. Linde Hydraulics is well positioned in established Western markets while PMP is particularly strong in growth regions. Through the alliance, both companies intend to significantly expand their market shares in the respective hydraulic and power transmission segments by 2018.

www.linde-hydraulics.com

www.pmp-industries.com

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