Mon, 24 Mar 2025 | BUSINESS SALE
Bolton-based Edbro Hydraulics has been bought by Turkish group Orsan Automotive Limited.
Orsan is a wholly owned subsidiary of Orsan Industries Incorporated, a £100 million turnover business with multiple locations in Turkey and Mexico. It has manufactured component parts for the heavy duty vehicle (HDV) sector since 1972.
Edbro makes hydraulic cylinders for the ‘on-road’ tipper truck market and other ‘off-road’ applications, employing 144 people at its production facilities. It was acquired in May, 2021, by Enact, the SME platform of private equity investor Endless, from its then German parent company, JOST Werke AG.
According to the last filed accounts for the business, in the financial year to 31 December 2023 the business recorded turnover of £26.3m, up slightly on the previous year.
Edbro CEO, Gordon Macdonald, said: “There are significant synergies between Orsan and Edbro. Our on-road telescopic tipping cylinders and supporting hydraulic systems will complement Orsan’s existing product portfolio and allow customers increased choice and improved supplier integration. We would like to thank our previous shareholders Enact for their financial and strategic support to develop our product portfolio and invest in new machinery.”
Fikret Orman, owner of Orsan Industries, said: “We are delighted to welcome well known brand Edbro to the Orsan Group as the latest acquisition to support our growth strategy and the steps we are taking towards becoming a global player in the Heavy Duty Vehicle sector.”
Richard Harrison, Enact partner, said: “Orsan represent a fantastic strategic fit for Edbro and the company and its employees will benefit from being part of a larger group that can help it to further develop its commercial offering and penetrate new international markets. The management team have done a great job navigating the business through challenging macro-economic conditions during our ownership and we wish them all the best for the future.”
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