Bucher Hydraulics – a Germany-based hydraulics manufacturer and a division of Bucher Industries – has acquired majority interest in Wuxi Deli Fluid Technology Co., Ltd., a Chinese manufacturer of hydraulic pumps and compact power units.
The 80% stake acquisition will gave birth to a joint venture in China, as soon as the transaction is approved by the Chinese authorities. The joint venture will be integrated into the organizational structure of Bucher Hydraulics and will operate under the name of Bucher Hydraulics (Wuxi) Co., Ltd.
Wuxi Deli is headquartered in Wuxi in the Jiangsu Province of China and was founded in 2004. Wuxi Deli is also comprised of the company Wuxi Deli Hydraulics Co., Ltd., which was founded in 1956 as a state-owned enterprise and transformed into a private limited company in 2000. In 2017, Wuxi Deli generated revenues of roughly US$40.45 million (CHF40 million) in the hydraulics sector with approximately 320 employees.