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Duplomatic acquires the German company TILL HYDRAULIK
As part of its 2021 – 2025 growth strategy, the Duplomatic Group, thanks to a further acquisition in Germany:
- strengthens its position as a global leader in Motion Control
- increases the business in strategic markets in Europe
- expands its product range with microhydraulics.
On December 6th, 2021, the Duplomatic Group took over all shares of Günther Till Präzisionstechnik GmbH & Co KG, with headquarters and production site in Helmstedt, Germany, which manufactures hydraulic components for the mobile hydraulic sector.
Till Hydraulics - 28 million euros turnover with around two hundred employees - is a leader in three segments in the hydraulics market: custom made micro-hydraulics solutions, for example used in the medical sector to move surgery tables; cylinders for special requirements (including decentralized intelligence, long and thin cylinders or for heavy duty applications) and manual compact drives, such as those used in truck trailers. Historically driven, Till supplies customers with valves for mobile hydraulics. In 2022, the German company, which was a family business founded by Günther Till, celebrates its 60th anniversary.
The acquisition agreement was signed in December 2021 but the relationship between the two companies dates back to 2005, when Duplomatic began collaborating as a component supplier and then developed projects together with Till Hydraulik.
Following this strategic investment, Duplomatic is now present in the German market with a new production site, strengthens its global presence and expands its range of Motion Control solutions thanks to the new business area of microhydraulics.
“Till Hydraulik,” says Roberto Maddalon, CEO of Duplomatic MS Spa “is a perfectly synergistic organization with respect to Duplomatic and its brands. The territorial coverage of Till Hydraulik will allow us to have a widespread presence throughout the German territory; In this way we will be able to be closer to the needs of our customers ".
Duplomatic will therefore continue and develop the current Till Hydraulik business. "The synergies in the product portfolio will allow us to expand our offer of Motion Control solutions around the world.", concludes Maddalon.
“We are proud to be an important part of this growing Group. We have a long-term relationship with Duplomatic which, thanks to mutual trust and availability, led to the acquisition agreement. Both companies will benefit from technological and commercial exchange and will open new international business areas.", comments Stefan Schmitz, General Manager of Till GmbH & Co KG.
Press info: Sara Bernardelli, communications@duplomatic.com
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