# PMC Hydraulics Group acquires remaining shares in Hydroquip Hydraulics in Bangalore

PMC Hydraulics Group, under parent Dacke Industri, agreed in July 2024 to acquire the remaining shares of Indian hydraulic distributor Hydroquip Hydraulics, making it 100% owned.

- Type: Acquisition
- Announced: 2024-08-21
- Where: Bangalore, India
- Status: announced
- Products: hydraulic components, manifolds, computerized test stands
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [PMC Hydraulics](https://endata.com/companies/6092.md) (acquirer)
- [Dacke Industri](https://endata.com/companies/9994.md) (partner)
- [Hydroquip Hydraulics](https://endata.com/companies/12177.md) (target)

## Sources

- [news.cision.com](https://news.cision.com/dacke-industri-ab/r/pmc-hydraulics-group-invests-further-in-india-and-acquires-remaining-shares-in-hydroquip-hydraulics,c4025678), 2024-08-21: "It has entered an agreement in July 2024 to acquire the remaining shares in Hydroquip Hydraulics in Bangalore, India."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.