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Press Release

22.07.2011 Güglingen

WEBER-HYDRAULIK
strengthens their international leading position in mobile hydraulics components and systems engineering by the acquisition of Hyco International Inc.

WEBER-HYDRAULIK, a leading and innovative international group that implements sophisticated customized solutions for hydraulic drive and control engineering has, with effect from 22. July 2011, acquired the US based Hyco International Inc. from the US financial investor Centre Partners Management LLC.

Hyco International Inc., with manufacturing locations in Canada, USA, Brazil and Germany is a world-wide supplier of hydraulic cylinders. With 600 employees and an annual turnover of approximately € 100 million, HYCO‘s products are used in forestry and construction machinery, refuse handling equipment, dump trucks, oil and gas field installations and cranes, as well as mining and agricultural equipment.

WEBER-HYDRAULIK, which is headquartered in Güglingen, north of Stuttgart, is a 100% family-owned company. With an annual sales of over € 200 million, the company has approximately 1,250 employees at several locations worldwide and is designing and producing customized hydraulic components and systems for market leading customers in a variety of industries including commercial vehicles, mobile cranes, agricultural and construction machines, fork-lift trucks, as well as utility vehicles and industrial equipment.

In addition, WEBER-RESCUE SYSTEMS ranks highly for design, quality and reliability among all major international manufacturers of hydraulic rescue tools. The company has also positioned itself successfully in the solar power industry, supplying hydraulic drive systems for solar power installations.

"With the acquisition of HYCO by WEBER-HYDRAULIK we gain a valuable addition and further diversification of our product and technology portfolio to our group, while significantly expanding our market presence in North and South America and in Europe. The expansion of our international presence enhances our position with our multi-national customers, an important factor in our continued profitable global growth. Furthermore, with this acquisition we strengthen our already powerful team with additional highly experienced hydraulic experts. The significant benefits and synergies developed through the broadening of our international customer base through the existing HYCO customers will provide opportunities for WEBER-HYDRAULIK to continue the success in global markets for sophisticated hydraulic systems", said CEO Bernhard Herzig.

Contact and responsible:
Frank Schmid
Head Human Resources / Public Relations
WEBER-HYDRAULIK GmbH
Heilbronner Straße 30
74363 Güglingen
Tel.: +49 (0)7135-71-311
E-Mail: frank.schmid@weber.de

News Flash: Atlanta, May 10 2011

The Hyco Alabama Plant in Arab is now back on line following the April 27 storm and the subsequent major power and communications outages. We do not expect any further significant production issues as the local authorities work to complete repairs throughout the State and we anticipate being back on schedule over the next two weeks.

The work being put in by the Hyco Alabama Team to support our Customers continues to be exceptional given the scale of the disaster they have all faced. The whole of the Hyco Group is proud of their efforts .

As of now, Customers should return to their normal Customer Service contacts to re-establish delivery information.

Hyco thanks all its customers for their patience during this difficult time and we will continue to use all our resources to get back up to date as soon as possible.

Any further news updates will be added to this location as appropriate.

Overview

Hyco’s operations have been serving an impressive list of OEM partners with an ever-increasing spectrum of high specification products, allowing its customers to enjoy one-stop-shopping and all of the associated supply chain benefits.

State-of-the-art software for ERP, CAD and CAM applications support Hyco's information-driven approach to enterprise management, design excellence, best-practices manufacturing and they provide a competitive advantage for the Hyco Group.

The Hyco guiding principles of Seamless Global Supply, One-Stop-Shopping and the Lowest Delivered Costs are central to Hyco's business strategy and to Hyco’s, and Hyco’s Partners’ long-term success.