Manuli acquires PSI Hydraulics of India

Manchester, UK – Manuli Hydraulics has recently announced the acquisition of the majority holding in PSI Hydraulics (PSI), India’s largest suppliers of hydraulic hose assemblies.

With operations in Bangalore and Udaipur, PSI’s products supplies OEMs and end users for use in the markets including, construction, mining equipment, machine tools, moulding machines, material handling equipment, and steel.

With the acquisition, Manuli said it would provide funding and knowhow to help PSI – now Manuli PSI Hydraulics Pvte Ltd – “secure its business growth potential and develop a network of world class operations to service the Indian market.”

The move “further strengthens Manuli Hydraulics global footprint in manufacturing and assembly operations bringing its capabilities closer to key industries within the growing Indian market, added a 2 Sept press release.