[Southsider2k12]

http://www.khl.com/magazines/international...36;1,24-billion

Hitachi is to buy compressor manufacturer Sullair from Accudyne Industries for US$1.245 billion.

The deal gives Hitachi portable compressors as well as a much strong presence in North America. Sullair will become part of Hitachi’s Industrial Products Business Unit.

Hitachi said a key motivator for the acquisition was Sullair’s global sales network, mainly in North America. It also said it would use the acquisition to expand its digital technology and Internet of Things solutions to Sullair customers.

The acquisition will give Hitachi portable compressors for the first time. Its product range is dominated by stationary compressors used in industrial applications, while around 20% of Sullair’s business is for portable units.