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| Eaton and Linde Hydraulics Forge Global Strategic Alliance to Advance Hydraulic Technologies for Mobile and Industrial Equipment Markets September, 2010- Diversified industrial manufacturer Eaton Corporation and Linde Hydraulics, a division of KION Group GmbH, have recently announced that 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 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. “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.” |
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“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.” |
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