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Bonfiglioli acquires O&K Antriebstechnik
News09-Jan-19
Italy-based drives and reducer specialist Bonfiglioli Riduttori SpA has become the sole owner of O&K Antriebstechnik (O&KA), the German planetary gearbox specialist.
In November 2015, Bonfiglioli acquired a 55% stake from fellow Italian company Carraro SpA for €27.5M and, in line with a provision in that agreement, Carraro’s remaining 45% stake has now been purchased for a further €17M. Carraro originally acquired O&K from New Holland Group.
In the three years since the first Bonfiglioli/Carraro agreement, O&KA’s annual consolidated sales of heavy-duty planetary gearboxes almost doubled to €65M, complementing Bonfiglioli’s leading global role in the transmission and power control fields.
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