Bosch Rexroth AG has acquired a majority of the shares of Italian company Oil Control Group, which manufactures hydraulic cartridge valves and manifolds. The company has more than 900 employees and sales facilities in Europe and the United States. Wolfgang Cangel, president and chief executive of Bosch Rexroth in the United States, said the acquisition helps the company round out its cartridge valve product line. “Combining our existing line with the Oil Control line gives us a complete product offering for industrial and mobile applications,” he said.
Bosch Rexroth acquires hydraulic cartridge valve maker
Jan 24, 2005