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Rotork Acquires Hanbay, Inc.

We Welcome Hanbay, Inc to the Rotork Group
7 Sep 2023  |
Rotork Plc, the global provider of mission-critical intelligent flow control solutions, has announced that it has acquired Hanbay, Inc., a leading manufacturer of precise, compact, miniature electric actuators.

Based in Montreal, Canada, Hanbay designs and manufactures precise, miniature electric actuators which offer a compact profile and high torque design for use with small valves and instrument valves for use in hazardous and non-hazardous applications.

“This is an exciting new technology platform for us as the electric actuation of small valves represents a great market opportunity for Rotork, with the market segment currently dominated by small pneumatic actuators,” said Kiet Huynh, CEO of Rotork. “Hanbay products will capitalise on the electrification mega-trend and will fit within all our end markets including decarbonisation.”

The acquisition is part of Rotork’s Growth+ strategy, which is designed to deliver mid to high single digit growth and mid 20s adjusted operating margins over time.

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Rotork is a market-leading global provider of mission-critical flow control and instrumentation solutions for the industrial actuation and flow control markets. These include oil and gas, water and wastewater, power, chemical process and industrial applications....

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