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Renold plc has acquired the entire issued share capital of Ognibene S.p.A., an Italian manufacturer of transmission chain, for a total cash consideration of €10 million.
Opower Hydraulic Systems (Jiaxing) Co. Ltd., part of Ognibene Group, celebrated the grand opening of a new hydraulic systems manufacturing facility in Jiaxing, China on November 25, 2024. The facility was established on 35 acres of land acquired in 2021.
| Site | Largest | Latest |
|---|---|---|
| Jiaxing, China | 2024-11-25 |