Gates Acquires Assets Of Techflow Flexibles, Strengthens Position In The Global Fluid Power Market

Gates Acquires Assets Of Techflow Flexibles, Strengthens Position In The Global Fluid Power Market

The deal enhances Gates' product portfolio, manufacturing and product development capabilities in the global oil and gas industry.

 

 

Affiliates of the Gates Corp. have announced the acquisition of U.K.-based GTF Engineering and Services, the owner of the assets of Techflow Flexibles. Techflow Flexibles is a fully integrated engineering, manufacturing and commercial operation that specializes in supplying flexible hoses and couplings to the oil and gas exploration and production industry.

“The Techflow model is a perfect fit for the Gates oil and gas business,” said Claude Durocher, global vice president of oil and gas. “The acquisition provides a strong product portfolio, advanced technology and manufacturing resources. Combined with a solid new product development track record, these will be strong additions to our global oil and gas capabilities.”

Gates has expanded its product capabilities with Techflow’s full suite of highly specialized high-pressure hoses. In addition, the company also has enhanced its ability to make and supply long-length and large-diameter hoses. The combined Gates and Techflow portfolio of products now provides nearly complete coverage of high-performance land and off-shore applications. The company’s fully integrated product development team also brings broad experience in the engineering, certification and commercialization of sophisticated product designs.

According to Gates, this acquisition marks an important step for the company in its strategy of targeting key global markets that it believes are poised for significant future growth.

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