# Momentum Group acquires 70% of Swedish hydraulics firm Hydmos Industriteknik

Momentum Group signed an agreement to acquire 70% of Hydmos Industriteknik AB, a Stockholm maker of high-pressure hydraulic and gas systems. Closing is expected in February 2023.

- Type: Acquisition
- Announced: 2023-01-12
- Where: Spånga, Stockholm, Sweden
- Status: announced
- Products: hydraulic systems, high-pressure pumps, gas booster systems, pressure test equipment
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Momentum Group](https://endata.com/companies/7581.md) (acquirer)
- [Hydmos Industriteknik](https://endata.com/companies/10114.md) (target)

## Sources

- [momentum.group](https://www.momentum.group/en/release/momentum-group-acquires-hydmos-industriteknik-ab-strengthens-its-offering-in-automation/), 2023-01-12: "Momentum Group has today signed an agreement to acquire 70 percent of the shares in Hydmos Industriteknik AB."

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