In connection with the change of ownership there has been formed a new company, Hydra Tech Holding, which is the new owner of Hydra Tech. The new shareholders in this company are Odin (51%) and the previous owners (49%).
Hydra Tech develops and manufactures hydraulic cylinders, primarily for marine and offshore installations. The company has a factory in Denmark (165 employees) and a factory in Suzhou China (125 employees).
Hydra tech has in recent years developed very positively and is today stronger than ever as well as financial as economical. The daily operation and management remain unchanged, all employees will continue in their current positions.