DENVER, CO -- Gates Corp. has acquired A.E. Hydraulic (Pte) Ltd., a Singapore-based supplier of hydraulic and industrial hose solutions for the oil exploration industry. The company is known as the leading supplier of integrated solutions of hose and fittings in Singapore.

The company was founded in Singapore in 1999 by Chua Beng Ee, one of the pioneers in bringing service and quality to a higher level in Singapore. The head office and warehouse facility is located in the heart of Jurong, Singapore’s largest industrial area. A.E. Hydraulic will be a strategic addition to Gates, allowing the company to accelerate its market expansion into this high-growth market for oil and gas exploration -- with access to the largest drilling rig manufacturers in the world.

“Having a solid reputation in the dynamic and expanding Singapore market, A.E. Hydraulic is well positioned to serve the needs of the oil and gas industry, and is a natural addition to Gates presence in the Southeast Asia region. The acquisition creates new opportunities for Gates to enter the market with hydraulic and industrial hose and fittings as well as assembly services,” said Gates President John Bohenick.

B.E. Chua, A.E. Hydraulic chairman said, “The alignment with Gates will give us a great opportunity to accelerate growth in the region and further enhance customer service and satisfaction.”