Indeco, a leading Italian company in the global design and manufacture of hydraulic equipment and attachments for the quarrying and construction sectors, has signed a definitive agreement to acquire Wipro Hydraulics.
Wypro Hydraulics is one of the world’s largest independent manufacturers of hydraulic cylinders and a company within the Wipro Infrastructure Engineering group, a major international player in the industrial engineering sector.
Indeco comments: “This union is not merely a commercial agreement, but the meeting point of two market leaders simultaneously celebrating 50 years of engineering excellence. An acquisition based on a fusion of steel-like values: Indeco’s manufacturing excellence meets Wipro’s global power to unleash an unstoppable synergy.”
Indeco adds that joining the Wipro Group will enable it to accelerate product development, strengthen its industrial and commercial structure, and optimise production processes, whilst preserving the Indeco brand’s quality and distinctive identity.
Indeco’s production will remain local, and the Vitulano family will continue to be fully involved in leading the company, alongside the management of its international branches, ensuring both operational and strategic continuity.
“After 50 years, a new and significant chapter in our history is beginning,” says Michele Vitulano, global sales & marketing manager at Indeco.
“We have chosen Wipro Hydraulics because it is the ideal partner to accompany us into a new phase of development: a solid, international organisation that shares our values and can support us in making Indeco even greater. Our identity will remain intact, as will our daily commitment to our customers and partners. This partnership will bring new resources, new energy and new opportunities for innovation. A major challenge for Indeco, but an even greater one for its competitors.”
