# HYDAC Group acquires majority of Technion Oy

Hydac Oy, part of the HYDAC Group, has acquired a majority stake in Technion Oy, a Finnish designer and manufacturer of electronic control systems for mobile machinery based in Naantali, Finland.

- Type: Acquisition
- Announced: 2019-09-05
- Where: Naantali, Finland
- Status: announced
- Products: electronic control systems for mobile machinery, wiring harnesses
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [HYDAC B.V.](https://endata.com/companies/40539.md) (acquirer)
- [Technion Oy](https://endata.com/companies/41904.md) (target)

## Sources

- [technion.fi](https://technion.fi/technion-oy-merges-into-the-hydac-group/), 2019-09-05: "The integration of Technion Oy into the HYDAC Group will enable us to provide even more comprehensive solutions, especially for mobile machinery manufacturers."

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