FINNING has completed the acquisition of Hydraquip, a provider of mobile hydraulic services.
Hydraquip offers nationwide coverage for hose replacement, assembly and fitting, oil replenishment, and general hydraulic servicing. The firm, which is headquartered in Kent, boasts 130 mobile service vans and employs 270 people.
Tim Ferwerda, MD of Finning UK & Ireland, said, “The acquisition of Hydraquip demonstrates our commitment to build on and extend our reach to provide exceptional product support and aftermarket services for our customers. The company is a great fit with Finning, in terms of its family-orientated and customer-focused culture, which complements our current product support service perfectly.
“The Hydraquip brand name will remain in place as we maintain and build upon the high standards of service it is known for. The business has an established footprint with hydraulic hose specialists focused on industries such as construction, transportation, waste management, utilities, manufacturing, and materials handling.
“With our extensive joint network in the UK and Ireland, customers will find it even easier to reap the benefits of reduced downtime and operating costs. I’d like to personally welcome all the Hydraquip employees to the Finning family. We’re looking forward to working side by side to ensure our customers benefit from the most responsive and specialist product service support across all our key sectors.”
Alongside its mobile hose services, Hydraquip also sells hydraulic and fluid power products and parts via its website and a network of 27 branches across the UK.
Duncan MacBain, founder of Hydraquip, said, “Joining Finning is an extremely exciting move for Hydraquip and will prove a critical step in the continued growth of our offering, enabling Hydraquip to recognise its full potential in the UK and further afield. We can see many cultural similarities as well as tremendous opportunities between the companies to give customers an even stronger proposition.
“This is down to the quality and commitment of our team, who will remain focused on offering our customers the very best service and support levels – now with the added backing of Finning, its network, and broader aftermarket capabilities. Our joint goals and vision remain to continue to build our market share and expand further from being the largest independent provider of mobile hydraulic solutions to the largest provider overall.”
