Wipro Infrastructure Engineering's Hydraulics Business enters into a definitive agreement to acquire Mailhot Industries [Yahoo! Finance]
Knowles Corporation (KN)
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Source: Yahoo! Finance
Engineering, announced it has entered into a definitive agreement to acquire Mailhot Industries, a Novacap portfolio company, headquartered in Quebec, Canada, subject to customary closing conditions including regulatory approvals. Established in 1956, Mailhot Industries has become a North American leader in hydraulic cylinder manufacturing. Mailhot Industries specializes in the refuse trucks and snow removal equipment market and is known for the reliability of their products in demanding work environments. The acquisition also includes JARP Industries, a part of Mailhot Industries and a leader in custom hydraulic and remanufactured cylinders for segments including utilities, mining, defense, and oil & gas. Commenting on the acquisition, Mr. Pratik Kumar, CEO, Wipro Infrastructure Engineering (WIN) & Managing Director, Wipro Enterprises, said, "Wipro Hydraulics stands as one of the world's largest independent hydraulic cylinder manufacturers, delivering over one million cylinders t
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