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Global Firms Invest in Austria

origa hydraulics
October 7, 2008

Parker Hannifin and ArcelorMittal Acquire Firms, Facilities

The Origa Group, specializing in industrial pneumatics, was recently sold from Austrian-Swiss parent company Hoerbiger Group to the U.S. giant Parker Hannifin for an undisclosed sum.  Origa has annual sales of approximately USD 92 million, with 350 employees located in Glendale Heights, IL and Fielderstadt , Germany.

ArcelorMittal, the world’s largest steel manufacturer with headquarters in Luxemburg, recently purchased two warehouses from the Austrian whiteware manufacturer ÖAG, which belongs to the British group SHT.