Sun終收購了快速釋放液壓聯軸器制造商

Sun Hydraulics已完成對Faster Group的收購，Faster Group是的快速釋放液壓聯軸器制造商，總部位于意大利米蘭。從戰(zhàn)略上講，這代表了Sun當前液壓產品的延伸，并拓展了我們的影響力。加快在歐洲建立強大的工程和制造業(yè)務并獲得趨勢性的原始設備制造商將顯著擴大我們在液壓行業(yè)的機會。

除了在米蘭的主要制造業(yè)務，Faster還在俄亥俄州的托萊多和印度的浦那制造或組裝產品。

 

 

FOR IMMEDIATE RELEASE Sun Hydraulics Announces Acquisition of Faster Group ? Expands Sun’s geographic footprint ? Adds adjacent hydraulic products, strengthens position in growing agriculture market ? Expected to be accretive in 2018; Faster reported 2017 adjusted EBITDA margin of 27.5% ? Management to host econference on Tuesday, February 20 at 9:00am ET SARASOTA, FL, February 19, 2018 -- Sun Hydraulics Corporation (NASDAQ: SNHY) (“SNHY” or the “Company”), a global industrial technology leader that develops and manufactures solutions for both the hydraulics and electronics markets, today announced that it has entered into a definitive agreement to acquire the shares of Faster Group from Capvis Equity IV LP, a fund advised by the Swiss private equity firm Capvis Equity Partners AG, and other co-investors for €430 million (approximay $531 million) in cash. The acquisition will be funded with approximay $161 million of cash on hand and $370 million drawn against the Company’s revolving credit facility, including exercise of the revolver’s accordion. The acquisition is expected to close in the second quarter of 2018 and is subject to typical closing conditions. Faster is a leading global manufacturer of quick-release hydraulic coupling solutions. Its primary markets include agriculture, construction equipment and general industrial applications. Headquartered in Milan, Italy, Faster has manufacturing operations co-located with its headquarters as well as in Toledo, Ohio and Pune, India. Additionally, the company has sales offices in Shanghai, China; São Paulo, Brazil; and Langenfeld, Germany. Wolfgang Dangel, SNHY's President and Chief Executive Officer, commented, “The acquisition of Faster is in alignment with our Vision 2025, advancing SNHY as a global technology leader in the industrial goods sector while maintaining superior profitability and financial strength. Faster further diversifies SNHY more deeply into the growing global agriculture market. The business also broadens our global footprint, advancing our ‘in the region, for the region’ initiative.” He added, “We welcome Faster’s 475+ global employees into the SNHY family. We see a tremendous amount of synergy with both our Hydraulics and Electronics segments, including opportunities to introduce our respective products to each other’s customer bases as well as leveraging technologies and expanding utilization of existing manufacturing capacity.” Eric Trueeb, Partner, Capvis Equity Partners AG, noted, “Capvis and the Faster management team view SNHY as the perfect candidate to acquire Faster. Given their stated Vision 2025, we believe that Faster’s continued growth and success will be enhanced under SNHY’s ownership.” Faster recorded 2017 sales of €105 million (approximay $130 million) and an adjusted EBITDA margin of 27.5%. In 2018, the company anticipates growth of 16-16.5% with an EBITDA margin in the same range. The acquisition is expected to be accretive to SNHY’s GAAP earnings in 2018 and beyond. SNHY’s financial advisor for the transaction was Baird. Shumaker Loop & Kendrick, LLP acted as legal advisor, assisted by Pavia e Ansaldo as Italian counsel.