CHICAGO--Lincoln International is pleased to announce that Bosch Rexroth has entered into a definitive agreement to acquire HydraForce, Inc., based in Lincolnshire, Illinois. HydraForce’s extensive portfolio of products perfectly complements the existing product portfolio of Bosch Rexroth’s compact hydraulic business unit. Within Bosch Rexroth, the business unit designs, manufactures and markets compact hydraulic components for applications such as earth moving, cranes, aerial platforms, agricultural machinery and industrial applications at its four locations in China, the United States, Germany and Italy.
In addition to the complementary product portfolios, the regional sales structures of HydraForce and Bosch Rexroth also complement each other: Bosch Rexroth focuses on Europe, while HydraForce maintains a broad footprint in North America. The combined activities will create a well-balanced entity in the two regions and will support further activities in the South American and Asia Pacific markets. Further, the addition of HydraForce will significantly improve Bosch Rexroth's global market access through indirect sales channels (e.g., distributors and systems integrators) which aligns with the long-term strategic target of Bosch Rexroth.
Bobby Reifman, Managing Director in Lincoln's Industrial Group, commented, “Motion control businesses continue to be in high demand among the private equity community and global strategic acquirers as the importance of serving global original equipment manufacturing customers locally continues to accelerate.”