Bucher Hydraulics Expands Through Acquisition In Brazil
In a move to create a new production and engineering hub in the region, Bucher Hydraulics, a division of Bucher Industries, announced it is acquiring Eco Sistemas Industrias de Màquinas Ltda., Porto Alegre, Brazil. Financial terms were not disclosed and the transaction is expected to be completed in the second quarter.
Eco Sistemas manufactures hydraulic power units for mobile and industrial applications and acts as a system integrator of valves and other hydraulic products in the Brazilian market. The family-owned enterprise was founded in 1996 and consists of three companies, with manufacturing sites in Canoas near Porto Alegre (Rio Grande do Sul) and in Pomerode (Santa Catarina) and sales offices in São Paulo and Rio de Janeiro. Eco Sistemas generates annual sales of around US$10.6 million and has 60 employees.
Bucher said the acquisition of Eco Sistemas will provide a platform to enhance the division’s global presence and create a local base in South America with engineering, manufacturing, sales and aftersales capacities. The know-how of Eco Sistemas as a recognized system integrator of hydraulic solutions along with its well-established client base in Brazil were also key factors in Bucher Hydraulics’ decision to acquire Eco Sistemas, the company said.
The operation in Brazil will be developed into a competence center for Bucher Hydraulics serving customers with mobile hydraulic applications in agricultural machinery, material handling and construction equipment, as well as industrial hydraulics. The integration plan includes a name change from Eco Sistemas to Bucher Hydraulics Ltda. The CEO and former owner of Eco Sistemas, Fernando Danesi, will continue to manage the operations and play an important role in the development of Bucher Hydraulics’ market presence in Brazil, Bucher said.