HydraSpecma acquires GSS Hydraulics B.V.

• ACQUISITION

The acquisition will strengthen our UK-based subsidiary HydraSpecma Samwon, where we produce more than 15 million components annually.

Our group CEO, Morten Kjær, says: “With the acquisition of GSS Hydraulics we strengthen our presence and capabilities in fluid conveyance distribution in the European market, especially within the Construction Equipment and Material Handling segments.
Following Brexit and the pandemic, we want to remain close to our customers to offer them the best possible service, know-how, and logistic solutions. With the acquisition of GSS Hydraulics in the Netherlands, we will accelerate our growth journey and become even more relevant to our European OEM customers.”

Charl Erasmus, Managing Director of HydraSpecma Samwon, adds: “The locality and technical expertise offered by GSS Hydraulics further strengthens the existing services and solutions offered to our global OEMs. The synergies between the organisations will allow for a seamless integration and no disruption to our customers. There is the added benefit of an expanded EU facility with room to grow.”

We already have operations in Denmark, Sweden, Finland, Norway, United Kingdom, Poland, China, India, Brazil and South Korea. With this acquisition we enter the Netherlands and continues our growth journey.

GSS hydraulics occupies 18 employees and expects a revenue in 2022 of about DKK 30 million.