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Rotork takes over manufacturer of miniature drives

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Author: Michael Heeg

Date: 29. Sep. 2023

With the acquisition of Hanbay, Rotork aims to expand its product range with precise, compact, miniature electric drives.
Source: Rotork
Rotork takes over manufacturer of miniature drives

Rotork, a global supplier of industrial drive and flow control systems, has acquired Canadian company Hanbay, Inc. The Montreal-based company designs and manufactures precision miniature electric actuators.

The acquisition is part of Rotork’s growth strategy. This aims to deliver mid to high single digit growth and adjusted operating margins over time.

Expansion for the Rotork portfolio

Hanbay offers miniature actuators with a compact profile and high torque for use with small valves and instrumentation fittings for hazardous and non-hazardous applications.

“This is an exciting new technology platform for us as the electric actuation of small valves represents a major market opportunity for Rotork as this market segment is currently dominated by small pneumatic actuators”, said Kiet Huynh, CEO of Rotork.

 

“Hanbay’s products will benefit from the electrification megatrend and fit all our end markets, including decarbonisation.”

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