Oil and Gas Product News
Hitachi and Accudyne have entered an agreement through which Hitachi will acquire Accudyne’s Sullair subsidiary, which manufactures air compressors, for $1.245 billion US. The move gives Hitachi access to Sullair’s global sales network, mostly in North America, and ties into the company’s efforts to expand its IoT Era strategies moving forward.
The deal will give Hitachi a strong presence in the North America market of portable comopressors.
Japanese multinational company Hitachi Ltd on 25th April, 2017 struck a deal to buy the air compressor business of Sullair by Accudyne Industries for $1.245 billion.
Hitachi, Tokyo, has entered into an agreement with Accudyne Industries to acquire Accudyne’s subsidiaries and certain related assets that manufacture and sell air compressors under the Sullair brand for $1.245 billion. Sullair is based in Chicago.
Tokyo-based Hitachi Ltd. has agreed to acquire Sullair Air Compressors from Sullair parent company Accudyne Industries for $1.245 billion. Hitachi said its goal in the acquisition is to gain access to Sullair’s global sales network, primarily in North America.