# Manuli Hydraulics acquires majority stake in India's PSI Hydraulics

Manuli Hydraulics has acquired the majority of shares of PSI Hydraulics, India's third largest hydraulic fluid conveyance company with operations in Bangalore and Udaipur. The company was renamed Manuli PSI Hydraulics Private Limited.

- Type: Acquisition
- Announced: 2017-06-01
- Where: Bangalore and Udaipur, India
- Status: completed
- Products: hydraulic hoses, hydraulic fluid conveyance solutions
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Manuli Hydraulics](https://endata.com/companies/1526.md) (acquirer)
- [PSI Hydraulics](https://endata.com/companies/1527.md) (target)

## Sources

- [manuli-hydraulics.com](https://www.manuli-hydraulics.com/manuli-hydraulics-announces-a-new-acquisition-psi-hydraulics-private-limited/), 2017-06-01: "Manuli Hydraulics is pleased to announce the acquisition of the majority of shares of the Indian company PSI Hydraulics (PSI)."

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