NYSE: DCI), today announced that it has acquired the assets of the LHA industrial hydraulic
business from Tulsa, Oklahoma-based Berendsen Fluid Power, Inc.
The good news in Aeropower is the return to growth of the Industrial Hydraulics
Although orders for Military Aircraft and Industrial Hydraulics
remain strong, backlog declined by 3% to $332 million reflecting a slowdown in production of satellites and launch vehicles and in orders for electric motion simulators.
1 billion acquisition of Aeroquip-Vickers in 1999 has given Eaton global leadership in mobile hydraulics and a substantial position in industrial hydraulics
It has technical expertise in the fields of mobile and industrial hydraulics
, automation and foundry operations.
Revenues in the Industrial Hydraulics
subsegment declined 5 1/2%, somewhat offsetting this increase.
About 80% of their current revenues come from commercial and military aircraft hardware and associated aftermarket sales and the remainder is split between tactical missiles and industrial hydraulics
Sales in the Western Hemisphere were down 4%, largely due to reductions in Microelectronics and Industrial Hydraulics
Sales were up in almost every category, but most notably in launch vehicles for satellites, in commercial aircraft and industrial hydraulics
With Vickers, we acquire a global leader in industrial hydraulics
and the combined scale of $1.