As of 1 June 2009, the Hoerbiger Group (Zug, Switzerland) acquired the compressor business of Gala Precision Technology Private Ltd (Thane, India) as part of a share deal. Gala Precision Technology Private Ltd is a manufacturer of valves and systems for reciprocating compressors in hermetic and semi-hermetic applications. Hoerbiger will continue to operate the compressor business and the production site of Gala in Thane, India, as an independent entity in the Strategic Business Unit Compression Technology under the direction of the Business Division Serial Compressors. The technology, the development know-how, and the global strategic positioning of Hoerbiger Compression Technology as well as the strengths of Gala as a quality and cost-conscious manufacturer ideally complement each other. With the acquisition of the compressor business of Gala, Hoerbiger Compression Technology will be in a position to gain significant market share in the area of hermetic compressor valve applications. In the field of semi-hermetic compressor valve applications, Hoerbiger will be able to sustainably expand its global market position due to Gala’s strong presence in Asia. Thus in the long run, the acquisition of the compressor business of Gala will also safeguard the existing business in important markets such as Europe, North America, and Brazil.
