Hydraulics specialist boosts market position with acquisition
Sheffield-based VHS Hydraulic Components, which specialises in producing power packs and hydraulic components, has boosted its market position with the acquisition of Neilson Hydraulics.
VHS said the acquisition of Neilson Hydraulics, also based in the city close to the Advanced Manufacturing Park, will add some of the industry’s top brands to the group’s portfolio.
It will also enable VHS to offer customers full in-house cylinder production and modification, along with industrial electronics and full system design.
The combined turnover of both businesses is around £4m.
Former Neilson Hydraulics MD, John Yarnall, has now taken on the new position of general manager at the firm.
Federico Ferrari, president of VHS group, said: “We are extremely proud to welcome into our family a new sister company, Neilson Hydraulics, a historical and very renowned company that together with VHS completes our presence in such an important market that we have in the UK. The operation now gives more strength with our precise group strategy to be an important player of hydraulic business in Italy, in the UK and in Europe.”
Rob Turner, MD of the UK group of companies mentions: “Neilson’s and VHS complement each other very well. Both companies have so much to offer each other, with the vast nationwide distribution network of VHS and the highly technical team of Neilson’s. Ultimately we will offer the market a complete hydraulic solution. It is an exciting time for us all, with everyone inside the group being fully behind the acquisition, exciting times lay ahead and we are all very much looking forward to the future together.”
VHS Components and Neilson Hydraulics supply hydraulic components and solutions to companies in the agriculture, construction, engineering, farming, materials handling, marine, plastics, recycling and steel industry. The group also designs and manufactures hydraulic systems, power packs and cylinders at its factory in Sheffield.