Pirtek Europe Limited, a global provider of fluid transfer solutions and on-site repairs for hydraulic hoses, pipe fittings & couplings, has announced that it has recently acquired Slangakuten AB, one of Sweden’s leading hydraulic hose replacement businesses.
According to the company, this acquisition establishes Pirtek in the Scandinavian market and strengthens its position as the number one provider in Europe. For Slangakuten, the acquisition provides the support and resources to accelerate its expansion program.
“I am delighted that Slangakuten is now part of the group and we all look forward to working with Stefan Fallenius as Managing Director to expand the business throughout the region. Slangakuten is a great addition to our European operations,” said Alex McNutt, Group CEO Pirtek Europe.
Stefan Fallenius, Slangakuten’s CEO and founder, appears to be equally pleased with the merger, saying that he is “extremely happy to enter into this partnership, which will allow us to strengthen our position in the marketplace and drive the business forward.”
Image courtesy of Pirtek.