Ritter Technology Acquires Hydraulic, Pneumatic Specialist Fluid Systems Engineering.
M2 EQUITYBITES-May 8, 2017-Ritter Technology Acquires Hydraulic, Pneumatic Specialist Fluid Systems Engineering
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8 May 2017 - Pennsylvania, US-based motion and control products provider Ritter Technology, LLC has acquired the business of Michigan, US-based hydraulic and pneumatic fabrication and distribution company Fluid Systems Engineering to expand its footprint in Detroit, US, the company said.
Terms of the acquisition are not disclosed.
Ritter said the acquisition strengthens its commitment to providing engineered hydraulic and pneumatic products to its customer base in the greater Detroit area.
Fluid Systems said it brings hydraulic and system engineering and fabrication expertise to the table to help further penetrate Ritter's customer base with value-added and cost-efficient solutions.
Ritter is a multi-state, industrial distributor of Parker Hannifin motion and control systems, Graco industrial lubrication equipment, and Enerpac high-pressure power tools, along with other top-tier fluid power and industrial lubrication products.
Fluid Systems Engineering serves the automotive, industrial and governmental markets.
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|Publication:||M2 EquityBites (EQB)|
|Date:||May 8, 2017|
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