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Sun Hydraulics completes acquisition of Faster Group

Sun Hydraulics Corporation, a manufacturer of solutions for both the hydraulics and electronics markets, has announced that it has completed the acquisition of the shares of Faster Group for €430 million (approximately $530 million) in cash. Headquartered in Milan, Italy, Faster Group is a manufacturer of quick-release hydraulic coupling solutions. Its primary markets include agriculture, construction equipment and general industrial applications.

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M&A,M&A deals,mergers and acquisitions