Steelwrist & SVAB Hydraulik Sold to Swe Investment Company
Published: 17/6, 2019
Steelwrist and SVAB Hydraulik Sold to Swedish Investment Company
The Swedish investment company Solix has acquired all shares in Terratech AB, owner of Steelwrist and SVAB Hydraulik.Steelwrist is a world-leading player in the market for tiltrotators, quick couplers, and work tools for excavators. SVAB Hydraulik is the market leader in control systems for tiltrotator and work tools, also mainly for excavators. The acquisition is part of Solix’s strategy to acquire Nordic industrial companies with a strong product portfolio and with significant international growth potential. Along with its core product lines, Terratech has several new products such as Tool Recognition, Tool Tip Control, and the Quantum control system platform, which create very large productivity increases for excavators worldwide.
“We have a very good and forward-thinking cooperation with our OEM customers,” says Stefan Stockhaus, CEO of Terratech and Steelwrist. “Our tiltrotators and quick couplers are increasingly mounted on the excavator directly from each customer’s excavator factor. This allows us to support our own international expansion, as well as that of our OEM customers. Product development together with our most important customers will continue to be very high on the agenda.”