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Wipro Hydraulics expands global presence with acquisition of Mailhot Industries in Canada

Homegrown Wipro Hydraulics has signed an agreement to acquire the assets of the Canadian company Mailhot Industries.

Wipro Hydraulics is the hydraulics division of Wipro Infrastructure Engineering.

“Wipro Hydraulics has entered into a definitive agreement to acquire Mailhot Industries… subject to customary closing conditions, including regulatory approvals,” Wipro Infrastructure Engineering said in a statement.

The company did not disclose any financial details related to the planned transaction.

Mailhot Industries is a North American leader in hydraulic cylinders, specializing in the garbage truck and snow removal equipment markets, the statement said, adding that the acquisition also includes JARP Industries, part of Mailhot Industries.

Pratik Kumar, CEO, Wipro Infrastructure Engineering (WIN) and Managing Director, Wipro Enterprises, said, “This acquisition marks a pivotal moment for us, which further strengthens our market position by integrating new technologies and expanding our global reach. This strategic move will complement our capabilities and strengthen our leadership position in the North American market.” Wipro Hydraulics CEO Sitaram Ganeshan said, “With this acquisition, we will expand our reach into Canada, the United States and Mexico, and penetrate new segments such as garbage trucks, snow removal equipment, defense and remanufacturing in North America.” Bengaluru-based Wipro Infrastructure Engineering is a diversified company with expertise in engineering and manufacturing excellence in hydraulics, industrial automation, aerospace, water treatment and ancillary manufacturing.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndication feed.)