GEA Group to acquire Hydract.

GEA Group, a German multinational provider of industrial process technology and components, agreed to acquire Hydract, a Danish company specializing in high-performance process valves. Financial terms are not disclosed. “With the acquisition of Hydract, we are expanding our valve portfolio with water-hydraulic actuation technology that can significantly reduce the energy demand for operating our process valves. We will offer our customers both pneumatic and hydraulic actuation technology for our modular valve program — with uniform interfaces to engineering, automation and service," Sören de Boon, GEA Valves & Pumps Business Unit Senior Vice President.