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HINE Group has completed the acquisition of a majority stake in Nord Fluid, a Milan-founded hydraulic components distributor and systems maker with annual revenues above €60 million and five plants in Italy and Slovenia. HINE has committed to acquire the full share capital over the coming years.
Italian Nord Fluid S.p.A. signed a contract to acquire a stake in the share capital of OMV S.p.A., a company that designs and produces hydraulic cylinders.