Rotork’s acquisition of Hanbay, Inc. based in Montreal, Canada further enhances Rotork’s product range by adding precise, compact, miniature electric actuators to its portfolio. Rotork Plc, the global provider of mission-critical intelligent flow control solutions, has acquired Hanbay, Inc.
Based in Montreal, Canada, Hanbay designs and manufactures precise, miniature electric actuators which offer a compact profile and high torque design for use with small valves and instrument valves for use in hazardous and non-hazardous applications.
The acquisition is part of Rotork’s Growth+ strategy which is designed to deliver mid to high single digit growth and mid 20s adjusted operating margins over time.
Courtesy of Rotork.