SPX Hydraulic Technologies reported it acquired U.K.-based Torque Tension Systems Ltd. for an undisclosed price, expanding its product portfolio to include energy infrastructure projects worldwide, especially the oil-and-gas and wind energy segments.
SPX Hydraulic Technologies is a business unit of SPX Corp., a Charlotte-based manufacturer of engineered products and technologies for power and energy industries. It manufactures high-force hydraulic pumps, cylinders, jacks, pullers and tools.
TTS is a privately held British company that produces hydraulic bolting products. Its brands include Dura-Lite hydraulic torque wrenches, LDF Torque wrenches, subsea bolt tensioners, hydraulic nut splitters, flange pullers, and flange spreaders. In addition to power and energy markets, TTS's tools are used in petrochemical, automotive, chemical, railways and shipbuilding industries.
"SPX is continually seeking opportunities to enhance its product offerings to better serve its customers and provide them with best-in-class industrial solutions," stated SPX Industrial Products and Services segment president Lee Powell. He said the TTS product line “represents a powerful addition to our growing portfolio of industrial tools."
"TTS has built a strong reputation as an innovator by developing products and software packages for the energy infrastructure market," stated Thom Farrell, president of SPX Hydraulic Technologies. "By combining our premium Predator Series hydraulic pump product line with TTS's leading bolting tool offering, customers utilizing hydraulic bolting systems will be able to get the best of both aspects of a bolting system. The combination results in an extremely fast and durable system."
