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| Gates Corporation acquires Hydrolink Group |
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Denver, Colorado – Gates Corporation is pleased to announce its acquisition of Hydrolink Group of Companies. Since 1988, when Hydrolink first began operating in the United Arab Emirates, the company has provided customers in the oil and gas market with a comprehensive range of engineering, fabrication, testing and service operations for fluid power products in the rapidly developing Persian Gulf region. Founded and headquartered in Dubai, United Arab Emirates, Hydrolink has expanded to twenty locations in the Middle East and CIS regions. The collective market size for fluid power products in this region is estimated to be worth around US$480 million per annum. This acquisition allows Gates to accelerate its market penetration for fluid power products in these high-growth regions. “As an established leader in this vibrant and growing oil and gas market, Hydrolink is uniquely positioned to serve the oil and gas industry needs, and is a natural addition to Gates Engineering & Services group. “The acquisition creates new opportunities for Gates to expand our product and services offering at existing clients as well as extend some of our core competencies to Hydrolink.” said Gates Group President, David Gau. Kevin Roberts, Hydrolink, Group Managing Director, said, “The alignment with Gates will give us a great opportunity to accelerate growth in the region and other oil and gas hotspots and further enhance customer satisfaction. I am delighted to be associated with an internationally respected company like Gates”. Kevin Roberts, will remain at the company, and will be deeply involved in its integration with Gates Corporation. About Gates Corporation Gates Corporation is the largest non-tire rubber manufacturer of automotive and industrial products, systems and components in North America. Gates maintains sales and marketing operations in every major automotive and industrial market, including North America, Europe, Asia, Australia and South America. Gates is part of the Industrial and Automotive Group of Tomkins plc. Headquartered in London, Tomkins is a publicly-traded company (NYSE) with 37,000 employees worldwide. About Hydrolink Hydrolink is an expert fluid engineering company focused on the oil and gas markets in the Middle East and CIS regions. Hydrolink maintains branches that have engineering services, inventory and service centers and is also supported by a world class production facility in the Jebel Ali Free Zone in Dubai. The company has been operating in the Middle East region since 1988. Source: gates.com
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