Ritter Technology Acquires Fluid Systems Engineering
ZELIENOPLE, PA Ritter Technology, LLC (Ritter) announces that it has acquired the business of Fluid Systems Engineering located in Clinton Township, Michigan. This most recent acquisition strengthens Ritter's commitment to providing engineered hydraulic and pneumatic products to its customer base in the greater Detroit, Michigan, area.
Fluid Systems Engineering was founded in 1961 and purchased by Mark Steiner, John Doll and another individual in 1989. Fluid Systems Engineering has been serving automotive, industrial and governmental markets for nearly 56 years.
"We are pleased to welcome Mark Steiner and his team to our expanding network of motion and control companies. Given Ritter's focus on providing products and services to our industrial customers in the Great Lakes Basin, Fluid Systems Engineering bolsters our presence in the Engineered hydraulics and pneumatics segment of our Michigan market. We see a great deal of synergy between our existing Michigan operations in Detroit, Saginaw, Warren, and Wixom, and look forward to enhancing our product offerings to customers in this important market," said Tim Hall, Chief Executive Officer of Ritter Technology, LLC.
"We have talked to Ritter over the years and understand what a combined force could achieve in the Detroit market. We bring well-recognized hydraulic and system engineering and fabrication expertise to the table to help further penetrate Ritter's customer base with value-added and cost-efficient solutions," said Mark Steiner, President of this newly acquired division.
Terms of the acquisition are not disclosed as both companies are privately held.