On May the Cleaning Sector was sold. The price was calculated on the basis of an Enterprise Value EV equal to about times the EBIT. This disposal, together with the acquisitions of Hammelmann and NLB, confirm the strategy of the Interpump Group aimed at focusing on the sectors with the highest profitability and technological content.The business sectors of the Group after the abovementioned operations are: Hydraulic Sector, Industrial Sector and Electric Motors Sector. The Hydraulic Sector includes power take offs for trucks of which Interpump Group is the worldwide leader, hydraulics pumps and other hydraulic components. The Industrial Sector is mainly composed of high pressure plunger pumps, of which Interpump Group is the worldwide leader, and of very high pressure systems and pumps in which, after the acquisition of Hammelmann and NLB, Interpump Group reached a very strong worldwide competitive position. The high pressure plunger pumps are the main component of the professional high pressure washers and are also utilised for a broad range of industrial applications like the car washer installations, forced lubrication systems for machine tools, inverse osmosis systems for water desalination plants, and equipment for cutting solid materials. The very high pressure systems and pumps are utilised for cleaning different type of surfaces, ships, pipes, and also for removing machining burr, cutting and removing of cement, asphalt and paint coating from stone, cement and metal surfaces they are also included pumping systems for a wide range of industrial sectors for the conveyance of fluids. Electric Motors Sector includes electric motors and windings, mainly used as component of the high pressure washers, compressors and gates in the building industry.
Quote | Interpump Group Spa (OTCMKTS:IPGLF)
Last: | $ |
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Change Percent: | 0.00% |
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Last Trade Date Time: | 02/12/2020 04:23:22 pm |
News | Interpump Group Spa (OTCMKTS:IPGLF)
ricochet64/iStock Editorial via Getty Images Eaton Corp. (ETN) gained slightly after the DOJ agreed to conditionally approved the $3.3B sale of its hydraulics unit to Danfoss with asset sales. An earlier report said that the DOJ had sued to block the deal. The suit was instantly filed for a p...
Interpump Group S.p.A. (MILAN:IP, IPGLF ) delivered terrific results last year. Naturally, the stock soared after the 2018 fourth quarter earnings release, reaching a peak of more than €33.5 per share. It is a nearly 30% gain in the first four months of 2019. However, the shares re...
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