Finning UK acquires hydraulic hose specialist
23 March 2022
Finning, the authorised dealer for Caterpillar equipment and parts in the UK and Ireland, has acquired hydraulic hose specialist Hydraquip.
Described as being the largest independent provider of mobile hydraulic services in the country, Hydraquip provides 24-hour hose replacement, assembly and fitting, oil replenishment and general hydraulic maintenance services.
The company is based in Kent and its 270 employees cater to over 4,000 customers from the construction, transport, waste management, utilities, manufacturing, and materials handling industries.
“With 130 mobile service vans and highly trained technicians, Hydraquip’s rapid response capabilities mean jobs are typically completed within just three hours of the initial customer call - reducing machine downtime and generating significant cost savings and efficiency gains for customers,” said Finning.
According to Tim Ferwerda, Managing Director of Finning UK & Ireland, the acquisition of the company aims to extend Finning’s customer reach, as well as enhance its product support and aftermarket services.
“The company is a great fit with Finning, in terms of its family-orientated and customer-focused culture, which complements our current product support service perfectly,” said Ferwerda.
He added, “I’d like to personally welcome all the Hydraquip employees to the Finning family. We’re looking forward to working side by side to ensure our customers benefit from the most responsive and specialist product service support across all our key sectors.”
Alongside its on-site mobile hose services, Hydraquip also sells hydraulic and fluid power products and parts via a network of 27 branches across the UK.
Duncan MacBain, Founder of Hydraquip, said, “Joining Finning is an extremely exciting move for Hydraquip and will prove a critical step in the continued growth of our offering, enabling Hydraquip to recognise its full potential in the UK and further afield.
“We can see many cultural similarities as well as tremendous opportunities between the companies to give customers an even stronger proposition.”
MacBain also said that “now with the added backing of Finning, its network, and broader aftermarket capabilities. Our joint goals and vision remain to continue to build our market share and expand further from being the largest independent provider of mobile hydraulic solutions to the largest provider overall.”