Linde Hydraulics and Eaton Forge Global Strategic Alliance to Advance Hydraulic Technologies for Mobile and Industrial Equipment Markets
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Aschaffenburg / Cleveland - Linde Hydraulics, a division of KION Group GmbH, and
diversified industrial manufacturer Eaton Corporation today announced they have
entered into a global strategic alliance. The agreement strengthens product
lines, market distribution channels and regional coverage for both companies.
Customers worldwide in construction, agriculture, vocational vehicles, civil
engineering, processing and other industrial markets will benefit from expanded
access to hydraulic system technologies and services through the new alliance.
Eaton will add Linde's comprehensive range of high-pressure piston pumps, motors
and valves to its portfolio, and Linde will offer Eaton's medium-pressure piston
products.
In North, Central and South America and in Asia Pacific, Eaton's Hydraulics
business will supply Linde Hydraulics products through Eaton's comprehensive
sales and services networks and distribution partners. Linde Hydraulics will
continue to operate in these regions by providing application support, technical
services and cooperation with major international customers. In Europe, the
Middle East and Africa, sales organizations and distributors for both companies
will continue to focus on their core businesses with the mutually expanded
product range.
"Entering this unique and very broad global relationship will enable Linde
Hydraulics to leverage its outstanding technical capabilities," said Gordon
Riske, Chief Executive Officer and Chairman of the Management Board of KION
Group. "The Linde Hydraulics division is an essential component of KION's growth
strategy. We are looking forward to working with Eaton and to having a partner
with whom we can really boost our global presence and enhance the servicing of
the market as well as the existing portfolio."
"This important strategic alliance is complementary from a portfolio, market and
regional perspective, and we look forward to the opportunities ahead," said
William VanArsdale, president - Eaton's Hydraulics business. "Both companies
bring a wealth of hydraulics experience and industry knowledge into this
partnership and will have the opportunity to offer our global customers unique
systems solutions by leveraging Eaton's broad portfolio and channel network with
Linde's outstanding technologies."
KION Group, with its Linde, STILL, OM and Baoli brands, is Europe's market
leader in industrial and warehouse trucks and related services, the global
number two in the industry and the leading international supplier in China. With
some 20,000 employees operating around the globe, KION Group generated sales of
EUR 3.1 billion in 2009. Linde Hydraulics, a division of KION Group, is a
leading manufacturer of heavy-duty hydraulic drive technology and mobile
electric drives. For more information, visit www.kiongroup.com and
www.linde-hydraulics.com.
Eaton Corporation is a diversified power management company with 2009 sales of
$11.9 billion. Eaton is a global technology leader in electrical components and
systems for power quality, distribution and control; hydraulics components,
systems and services for industrial and mobile equipment; aerospace fuel,
hydraulics and pneumatic systems for commercial and military use; and truck and
automotive drivetrain and powertrain systems for performance, fuel economy and
safety. Eaton has approximately 70,000 employees and sells products to customers
in more than 150 countries. For more information, visit www.eaton.com.
CONTACTS:
KION Group GmbH
Communications & Investor Relations
Abraham-Lincoln-Strasse 21
65189 Wiesbaden
Germany
Tel: +49 (0)611 770-655
michael.hauger(at)kiongroup.com
Linde Hydraulics
Communications
Carl-von-Linde-Platz
63743 Aschaffenburg
Germany
Tel: +49 (0) 6021 99-42 21
elke.karnarski(at)linde-mh.de
Eaton Corporation
Corporate Communications
Eaton Center
Cleveland, OH 44114
USA
Tel: +1-216-523-5352
hilaryrspittle(at)eaton.com
[HUG#1428353]
--- End of Message ---
KION GROUP GmbH
Abraham-Lincoln-Strasse 21 Wiesbaden Germany
Linde Hydraulics and Eaton Forge Global Strategic Alliance: http://hugin.info/137240/R/1428353/375743.pdf
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Unternehmensinformation / Kurzprofil:
Datum: 30.06.2010 - 10:55 Uhr
Sprache: Deutsch
News-ID 23232
Anzahl Zeichen: 0
contact information:
Town:
Wiesbaden
Kategorie:
Business News
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