News & Updates » Hitachi to buy Accudyne Industries' SULLAIR business
Japanese multinational company Hitachi Ltd on 25th April, 2017 struck a deal to buy the air compressor business of Sullair by Accudyne Industries for $1.245 billion.
Sullair is a major manufacturer of portable and stationary rotary screw air compressors designed for commercial and industrial use.
Sullair has been a leader in compressed air technologies for over 50 years. Since its foundation in 1965, Sullair has been selling its very reliable air compressor products on a global scale. Sullair has established a strong sales network and customer base especially in the North America continent. Accudyne has selected Hitachi as the the ideal partner to ensure long-term success of Sullair given its sales network in Japan and Asia as well as the complementary relationship. Integration into Hitachi will secure a bright future for Sullair and its employees.
Hitachi said that its goal of the acquisition is to gain access to global sales network of Sullair, mainly in North America.
Jack Carlson, Sullair President, said, “We are thrilled by the prospect of partnering with Hitachi to grow Sullair as we embark together on the next chapter in our proud history.”
Mazakazu Aoki, executive VP at Hitachi Ltd said ''I am very pleased to announce that Hitachi has today agreed with Accudyne to proceed with the acquisition of Sullair, a leader in air compressor business. Through this fusion with Sullair's strengths, Hitachi will increase its competitiveness and strengthen the air compressor business''
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