PMC Hydraulics History

PMC is the Nordic region's leading supplier of hydraulic solutions, with worldwide sales. The Group's origins lie in long-standing Swedish engineering companies, and it has evolved throughorganic growth and acquisitions.

Its foundation was laid in 1957 with the formation of CAVerken in Sävsjö, southeastern Sweden, which produced hydraulic cylinders. CA-Verken was acquired by engineering group Persöner in 1976, which became part of AB Wilhelm Sonesson three years later, in 1979.

Wilhelm Sonesson was hived off in 1981 and one of its divisions was quoted on the stock market, named Dacke Invest. A new business area, Dacke Hydraulik, was created around CAVerken with the intention of creating a total supplier of hydraulic systems, cylinders, components and servicing through complementary acquisitions. Some 10 acquisitions, mainly of smaller Swedish hydraulic enterprises, were conducted in the 1980s and 1990s. Dacke Invest was acquired by holding company PMC Group History Industrivärden in 1991, which divested the Dacke Invest business area to global technology group Hexagon in 1993.

The acquisition of Berendsen PMC Nordic, with operations in Denmark, Norway, Finland and Sweden in 2000, made the company the largest hydraulic Group in the Nordic region.

In 2005, private equity fund Segulah III, L.P. acquired the operations, which were then a business area of the listed Hexagon group. Concurrently, the corporate name was changed from Hexagon Automation to Dacke PMC AB.

The Group changed its corporate name to PMC Group AB on 1 January 2009.

In January 2016 Nordstjernan acquired PMC Group and formed Dacke Industri AB. The company was divided into different operations bringing together the hydraulic business under a common organization, PMC Hydraulics Group.