EnergyWatch

Global hydraulics supplier goes bust after years in red

After running an operating deficit for several years, the effects of the pandemic and a Chinese OEM's change of plans have finally led Hydratech to insolvency.

Photo: Pr Hydratech

Hydratech Industries is heading to bankruptcy court.

After several years in deficit, with the Danish hydraulic equipment supplier to the wind and oil industries having lost more than DKK 130m (EUR 17.48m) solely in the last two years, the company now files an insolvency petition, Hydratech confirms in comment to EnergyWatch.

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