News and Events
HINE Group acquires the company Pinilla and continues with its strategy of diversification and international expansion
HINE Group, a company founded in 1974 and dedicated to the manufacture of hydraulic systems and components, has recently acquired the company the company Pinilla Usón S.L., located in Zaragoza (Spain).
Pinilla focuses its activity on the distribution of hydraulic components and the development of hydraulic tools and toolings for the assembly of blades, nacelle and hubs, and also offers maintenance and repair services for hydraulic systems in general.
With this acquisition, HINE Group strengthens its growth and international diversification strategy in hydraulic systems and components for the wind energy sector reinforcing its leading position in the market. Founded in 1980, Pinilla is a well-established company in the field of hydraulics with important customers in strategic sectors such as wind energy, industry and agriculture.
This acquisition will enable HINE Group to reinforce its Distribution and Service division, and to offer its customers equipment for the installation, operation and maintenance of wind turbines, equipment for blades assembly, equipment for rotor and power train rotation or equipment for the preservation of gearboxes and their components.
According to Lander Guibelalde, CEO of HINE Group, “The synergies between HINE and Pinilla are clear. So, this acquisition will allow both companies to multiply our capacities, diversify our activity and, in conclusion, be more competitive in an increasingly demanding market”.
For his part, Oscar Sierra, Director of Pinilla, has indicated that with this step, “in addition to continuing its usual activity, Pinilla will be able to take on new business opportunities with the backing and solidity that HINE Group will provide on an international level”.
HINE Group achieved a turnover of more than 200 million euros in 2020 and is now preparing its next three-year strategic plan to address new challenges for the future, including the opening of its new production plant in South Africa.
HINE Group currently works for the 60% of the global wind power market and has its own production plants in the United States, Brazil, China, India and Spain.