Hyva Acquires Usimeca In Latin America
PR89423
ALPHEN AAN DEN RIJN, Netherlands, May 10, 2021 /PRNewswire=KYODO JBN/ --
Expanded footprint in Waste Handling Solutions. Consolidating leadership in the
region, shaping the strongest player in Waste Handling Solutions.
Hyva, a global leader in loading and unloading hydraulic solutions serving the
commercial vehicle and environmental services industries, has recently
completed buying 75% equity of Usimeca, a leader in Waste Handling Solutions in
Latin America, with its headquarters in Brazil.
Hyva is the undisputed market leader in Front-End Tipping Solutions in the
world as well as South America and through its two plants in Brazil, is
producing cylinders, wetkits, and articulated cranes. This acquisition enables
the company to take the leadership in Waste Handling in the South American
market too.
Alex Tan, CEO of Hyva, commented: "Usimeca, with the strongest footprint in
Waste Handling Solutions across Latin America, is appreciated for its quality
products and the application of proven technologies to accomplish cleaner and
healthier towns. I'm proud this company is now part of our Hyva family,
providing us with the best Waste Handling Solutions platform to grow in the
region."
Cesar Moreira, current CEO and 25% shareholder of Usimeca will continue as CEO
of the company following the acquisition. He said: "We have about 35% of the
Waste Handling market in Brazil and through the acquisition of Hyva, we can
reach the scale to meet the terrific growth opportunity across Latin America".
Rogerio De Antoni, Vice President Americas of Hyva commented, "By increasing
our product offering, we are now able to meet the demand in the fast-growing
industry of environmental services. The initial feedback from the market is
encouraging, so we expect our presence in Latin America to be further
increased."
The Waste Management business is expected to reach around 485 billion USD
globally by 2025 (source: ReportBuyer). Hyva's Waste Handling Solutions
business is expected to grow double digit annually in the next few years.
Products designed by Usimeca will be exported to other parts of the world.
Hyva's Waste Handling and Container Handling Solutions will be made available
in Latin America. Hyva and Usimeca will share best practices in manufacturing
processes.
Hyva provides solutions to more than 20,000 customers through four lines of
business: Tipping Solutions, Cranes, Container Handling Solutions and Waste
Handling Solutions. It is the world leader in front-end tipping cylinders with
over 40% global market share. The company operates in more than 110 countries
with over 3,500 employees. The Group encompasses more than 30 subsidiaries
across Europe, Asia, Americas and MEA, with a vast sales and service coverage
and a well-equipped manufacturing base of 12 production facilities in Brazil,
China, Germany, India, and Italy. Hyva Brazil has an extensive after sales
network in the 26 Brazilian states with over 100 service points.
Founded in 1920 in Brazil, Usimeca has four facilities in Latin America – in
Brazil, Mexico, and Chile. The company manufactures urban cleaning equipment,
providing quality solutions for solid waste transportation and mechanized
street sweeping.
Visit: www.hyva.com
For further information:
global: Marcello Laugelli, marcello.laugelli@omnicomprgroup.com, +393358438856
local markets: Fleishman-Hillard (reference)
Photo - https://mma.prnewswire.com/media/1505716/Usimeca_Brutus.jpg
Logo - https://mma.prnewswire.com/media/1504296/HYVA_Logo.jpg
Logo - https://mma.prnewswire.com/media/1505717/Usimeca_Logo.jpg
Source: HYVA
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