Wipro Infrastructure Engineering’s Hydraulics Business enters into a definitive agreement to acquire Mailhot Industries - Seite 2

Mr. Sitaram Ganeshan, President, Wipro Hydraulics, said, “With this acquisition of Mailhot, we will expand our footprint to Canada, the US, and Mexico, as well as penetrate new segments like refuse trucks, snow removal equipment, defense, and remanufacturing in North America. This also allows us to increase our capabilities in existing segments such as utilities and mining, positioning us to serve our customers better. Together, we will have an increased presence and offer a wider portfolio of products and technologies to our customers.”

Mr. Michel Toutant, Senior Partner, Novacap, said, “It has been an honor to be part of this incredible growth journey with the entire management team. Wipro is the perfect partner to bolster Mailhot’s next phase of growth as it seeks to expand its foothold in North America. I look forward to seeing Mailhot continue to flourish under Wipro’s ownership.”

About Wipro Infrastructure Engineering

Wipro Infrastructure Engineering, a part of Wipro Enterprises, is a diversified business with expertise spanning over four decades of engineering and manufacturing excellence in Hydraulics, Industrial Automation, Aerospace, Water Treatment, and Additive Manufacturing. The Wipro Hydraulics Business specializes in designing and manufacturing custom-built Hydraulic Cylinders for applications in diverse segments such as Construction & Earthmoving, Material & Cargo Handling, Forestry, Farm & Agriculture, Mining, and Truck Tipping Solutions. Additionally, Wipro Hydraulics operates 11 manufacturing facilities globally, further enhancing its capacity and reach.

For more information visit www.wiproinfra.com

About Mailhot Industries

A North American leader in hydraulic cylinders manufacturing since 1956, Mailhot Industries is known for the reliability of its products in sectors of activity where the work environment is difficult and even extreme. Recognized for the excellence of its products, its innovations, and its impeccable after-sales service, Mailhot relies on the expertise of 500 employees to meet the specific needs and requirements of their customers. Over the last few years, Mailhot's impressive growth has been supported, among other things, by the development of unique and innovative processes that provide increased wear and corrosion resistance to cylinders.