Sun Hydraulics Acquiring Enovation Controls Lines
By CT2 Staff10 November 2016
Sun Hydraulics Corp. has entered into an agreement with Enovation Controls, an Oklahoma-based and privately held provider of electronic control, display and instrumentation solutions, to acquire its Power Controls (PC) and Vehicle Technologies (VT) lines of business.
Sun said it will maintain Enovation Controls as a separate standalone company, with Kennon Guglielmo remaining involved on the leadership team. The PC business will continue to provide electronic control systems, displays and customized instrumentation panels for power units, generator sets, off-highway equipment, and engine and pump instrumentation. The company’s VT business will continue to provide electronic controls and infotainment solutions, solving complex problems in the recreational and off-highway vehicle and marine markets.
The acquired company will consist of 300 employees located around the globe in the U.S., England, Germany, India and China. Enovation Controls’ two other lines of business, Natural Gas Production Controls and Engine Controls and Fuel Systems, will operate as a newly formed company not owned by Sun. The acquisition is expected to close in 30 days, subject to regulatory approval and other customary closing conditions.