The global site of the UK's leading magazine for automation, motion engineering and power transmission
16 October, 2017

Product and Supplier Search

Facebook
Fenner sells its hydraulic arm to SPX for £40m
Published:  01 April, 2000

Fenner sells its hydraulic arm to SPX for £40m

Fenner plc has sold its fluid power business to the SPX Corporation of the US for £40m. The sale includes Fenner`s operations in Romford, Essex, and Rockford, Illinois, which last year turned in a profit of £3m on sales of £32.2m.

The sale follows an approach to Fenner by SFX which wants to establish itself as a world-leading supplier in the high and intermediate pressure hydraulic markets.

SPX chief executive John Blystone says that the deal will bring new technologies and complementary products to his company`s existing lines. He adds that Fenner`s global presence will position SPX "for increased international growth".

The Fenner business will join SPX`s Power Team which already produces hydraulic systems components and high-force industrial tools. Fenner makes products for both mobile and stationary applications. Its portfolio includes hydraulic power packs, air motors, vacuum and vapour recovery pumps, and water hydraulics.

Magazine
  • To view a digital copy of the latest issue of Drives & Controls, click here.

    To visit the digital library of past issues, click here

    To subscribe to the magazine, click here

    To see the latest Products & Services Directory, click here

     

Exhibition

Birmingham 2018The next Drives & Controls Exhibition and Conference will take place in Birmingham, UK, from 10-12 April, 2018. For more information on the event, visit the Show Web site

Poll

"Do you think that robots create or destroy jobs?"

Newsletter
Newsletter

Events

Most Read Articles