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In the intricate world of hydraulic systems, where power is transmitted through fluids under immense pressure, every component plays a vital role. Among these, hydraulic adapters stand as essential connectors, bridging the gap between different components and ensuring seamless fluid flow. A hydraulic adapter, simply put, is a specialized fitting designed to connect hydraulic hoses, pipes, pumps, valves, hydraulic cylinders, and other components within a hydraulic system.
On January 22, 2020, global power management company Eaton (NYSE: ETN) today announced the sale of its hydraulic business, and reached an agreement with Danfoss A / s, a Danish industrial company, to sell it for $3.3 billion in cash, which is 13.2 times of EBITDA in 2019.
On February 6, 2020, Manuli rubber industry group (MRI) and RYCO jointly announced that Manuli had completed the acquisition of a majority stake in the company. The total annual sales of the two enterprises after the merger is close to 500 million euro, and they will become the leaders in the global hydraulic and joint industry.
In April 2015, in recent years, China's hydraulic industry has developed rapidly. In the past five years, the compound growth rate of the hydraulic parts market is 16.39%, accounting for about 20% of the world market, only ranking behind the United States. Based on the domestic market sales of 51.318 billion yuan in 2010, the sales of hydraulic parts will exceed 100 billion yuan in 2015.
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