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June 3, 2009

Hoerbiger acquires Gala compressor business

Gerald Ondrey

Effective June 1, 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., India is a leading manufacturer of valves and systems for reciprocating compressors in hermetic and semi-hermetic applications. The company has an extraordinarily strong representation in the Indian market. In addition, Gala has excellent business relations to Europe, South America, Asia, and, in particular, to China. The company has approximately 300 employees.

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.

Hoerbiger and Gala are already worldwide leading suppliers to the compressor OEM industry for hermetic, semi-hermetic and open compressor valve applications. This also covers valve systems for air conditioning, refrigeration and the braking system compressors for industrial and automotive applications.

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.

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