Hydroscand France has signed an agreement to acquire 100% of the shares in Pathel Industrie SAS, with subsidiaries in France, UK and Spain. Pathel Industrie is headquartered in Lyon, France.
Pathel Industrie was founded in 1975 and their main business consists of industrial hoses and fittings. With close to 50 years of experience, Pathel Industrie is positioned as a leader in providing a broad range of quality couplings and fittings, stainless steel and technical hoses. Through its subsidiary Clarel, the company offers additional expertise and services for production and assembly of hoses, training, and product know-how in nine different locations in France.
Frida Norrbom Sams and Gregory Emir
The acquisition is in line with Hydroscand’s strategic ambition to become a leading player in hydraulics and industrial hoses.
Frida Norrbom Sams, CEO Hydroscand Group comments: “Through this acquisition, Hydroscand adds a well-managed company with a high profitability to our portfolio, which will give us a market-leading position in France. We look forward to continue to develop and expand the business together with Pathel's management team.”
Gregory Emir, CEO Pathel Industrie comments: “We are happy to continue our journey together with Hydroscand Group. They have experienced impressive growth and we are confident that both parties will bring both knowledge and expertise to our joint future. It will be exciting to take part in all the new and valuable synergies for the benefit of both existing and future customers.”
Hydroscand Group will assume complete ownership and the transaction is expected to be closed by end of 2022.
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