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Daikin Industries has signed a share purchase agreement to acquire Duplomatic MS S.p.A., an Italian hydraulic equipment manufacturer, for 220 million euros from Alcedo SGR and management. Completion is scheduled for June 2022.
Duplomatic Motion Solutions, sponsored by Alcedo SGR, completed the purchase of hydraulic technologies provider Hydreco from Clyde Blowers Capital, which had owned it since 2008. Hydreco's sales were over £25.6m.