CHARLOTTE, N.C. -- SPX Corp.’s Hydraulic Technologies business unit, part of the company's Industrial Products and Services segment, has acquired U.K.-based Torque Tension Systems Ltd. (TTS), a global supplier of hydraulic torque wrench and tensioner tool products.
The addition of TTS's line of high-performance industrial bolting tools will expand SPX Hydraulic Technologies' product portfolio offering to the global energy infrastructure markets, particularly the oil and gas and wind sectors.
Based in Northumberland, U.K., privately-held Torque Tension Systems Ltd. had annual revenues of approximately $7.65 million in 2009. The company's hydraulic bolting product lines include Dura-Lite hydraulic torque wrenches, LDF Torque wrenches, subsea bolt tensioners, hydraulic nut splitters, flange pullers and flange spreaders. All of TTS's products are engineered using computer-aided technology to deliver first-rate performance and durability in even the most demanding operating environments. In addition to serving the power and energy market, TTS's tools are utilized in the petrochemical, automotive, chemical, railways and shipbuilding industries. The company has additional offices in Australia and Malaysia.
"SPX is continually seeking opportunities to enhance its product offerings to better serve its customers and provide them with best-in-class industrial solutions," said Lee Powell, SPX segment president. "Torque Tension Systems' line of high-quality, high-performance tools utilized across multiple industries represents a powerful addition to our growing portfolio of industrial tools."