The Hyva Group, the global provider of efficient transport solutions for commercial vehicle and environmental services industries, has announced acquisition of Tecnomet, a manufacturer of double acting cylinders. Tecnomet which has a manufacturing site in the northern part of Italy is one of the three main suppliers to Hyva’s wholly-owned subsidiaries, AmcoVeba and F.lli Ferrari.Double acting cylinders are used in hook lifts, skip loaders, moving floors, cranes, compactors and refuse collection vehicles, all of which are produced by Hyva manufacturing facilities around the world.
The acquisition of Tecnomet will thus be a good supplement to Hyva’s operations, providing the opportunity to transfer the double acting technology to its manufacturing sites worldwide.
Commenting on the acquisition, Louwrens Dijkstra, Hyva CEO, said: “The Tecnomet acquisition is a major milestone in our vertical integration strategy. It will enable Hyva to source a larger part of its internal requirement in-house as well as becoming a supplier of double acting cylinders in general. It will also provide us with the opportunity to transfer the double acting technology to emerging countries where we can capitalize upon the same type of technology and where we sell and manufacture for the respective domestic markets.”
The Hyva Group is committed to the development, production, marketing and distribution of components used in hydraulic loading and unloading systems on trucks and trailers. Its products are used worldwide across a range of sectors, including transport, construction, mining, materials handling and environmental services providers.
Hyva produces the strongest front end hydraulic telescopic cylinder in the world, double acting cylinders, fixed mounted and rolling truck cranes, container handling systems such as hook loaders and skip loaders, mobile and static compactors and other waste collecting units.
Hyva’s portfolio comprises hydraulics (cylinders and tipping gear), container handling systems (hook and skip loaders), floors (horizontal unloading/loading floors) and cranes (fixed and rolling). These products are designed and marketed under several well respected brands: Hyva, Kennis, F.lli Ferrari and AmcoVeba.
Hyva is also a distributor of high value components. Founded in 1979, the company is headquartered in Alphen aan den Rijn in the Netherlands and has significant manufacturing facilities in Brazil, China, Germany, India and Italy. Operating in more than 130 countries the company has more than 1,600 employees around the world, encompassing 35 subsidiaries and 11 production facilities.
For details, visit www.hyva.com
