# PMC Hydraulics acquires majority stake in Hydroquip Hydraulics

PMC Hydraulics Group has agreed to acquire the majority of shares in Hydroquip Hydraulics in Bangalore, India. Hydroquip will continue as a stand-alone operation within the group.

- Type: Acquisition
- Announced: 2021-03-31
- Where: Bangalore, India
- Status: announced
- Products: hydraulic systems, hydraulic components, customized manifolds, computerized test stands
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

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

## Sources

- [pmchydraulics.com](https://www.pmchydraulics.com/en-us/pmchydraulicsacquireshydroquip), 2021-03-31: "We are pleased to get the opportunity to acquire Hydroquip with our objective to continue to strengthen the PMC footprint in India together with the former majority owners."

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