Madison Industries completed the acquisition of Holmatro Group.

Madison Industries, an electrical and electronic manufacturing company, completed the acquisition of Holmatro Group, a global supplier of innovative hydraulic equipment for rescue, industrial and special tactics applications. Financial terms were not disclosed. "We are honored to be a part of the Holmatro family. Holmatro produces the best rescue and industrial solutions in the world and the Holmatro family has an unrivaled passion and commitment to make the world safer, healthier and more productive. It’s an amazing culture and tradition at Holmatro and we are so proud to be their partners. We are looking forward to our future together," Larry Gies, Madison Industries Founder & CEO.