WiproInfrastructure Engineering’s Hydraulics Business enters into a definitiveagreement to acquire Mailhot Industries.

WiproHydraulics, the hydraulic cylinders and components manufacturing business ofWipro Infrastructure Engineering, has announced that it has entered into a definitive agreement to acquire MailhotIndustries, a Novacap portfolio company, headquarteredin Quebec, Canada, subject to customary closing conditions includingregulatory approvals. The acquisition also includes JARP Industries, a part ofMailhot Industries and a leader in custom hydraulic and remanufacturedcylinders for segments including utilities, mining, defence, and oil and gas.

Establishedin 1956, Mailhot Industries has become a North American leader in hydrauliccylinder manufacturing. Mailhot Industries specializes in the refuse trucks andsnow removal equipment market and is known for the reliability of theirproducts in demanding work environments.

Commentingon the acquisition, Pratik Kumar, CEO, Wipro Infrastructure Engineering (WIN) andManaging Director, Wipro Enterprises, said, “This acquisition marks a pivotalmoment for us, further bolstering our market position by integrating newtechnologies and expanding our global footprint. This strategic move willcomplement our capabilities and strengthen our leadership position in the NorthAmerican market.”

SitaramGaneshan, President, Wipro Hydraulics, added, “With this acquisition ofMailhot, we will expand our footprint to Canada, the US, and Mexico, as well aspenetrate new segments like refuse trucks, snow removal equipment, defence, andremanufacturing in North America. This also allows us to increase ourcapabilities in existing segments, such as utilities and mining, positioning usto serve our customers better. Together, we will have an increased presence andoffer a wider portfolio of products and technologies to our customers.”