Hello and welcome to the second edition of FluidPowerNet Connect!
In this edition, you can read about a major industry merger, the current state of fluid power marketing, and the latest updates from FluidPowerNet headquarters.
If you enjoy reading this edition and would like your story to feature in a future issue of FluidPowerNet Connect, please email: info@fluidpowernet.net
Major Industry Merger: Chart Industries and Flowserve Unite
In a landmark $19 billion all-stock merger, Chart Industries and Flowserve have joined forces to create a global leader in industrial process technologies. This merger combines Chart’s expertise in gas and liquid process technologies with Flowserve’s capabilities in fluid motion and control products. The new entity aims to deliver comprehensive solutions across a range of sectors, strengthening its position against industry giants like Dover and Ingersoll Rand. You can read more about the merger here.
Market Outlook: Fluid Power Equipment Market on the Rise
The global fluid power equipment market is experiencing strong growth, projected to reach $69.9 billion by 2028, up from $45.5 billion in 2022. This expansion is being driven by increasing demand for energy-efficient solutions and the adoption of Industry 4.0 technologies across sectors such as manufacturing, construction and renewable energy. You can read more in the full report here.
What’s Happening at the FluidPowerNet Headquarters?
It has been a busy few months at FluidPowerNet HQ. Francesca Dileto, who has been part of the BearingNet family for 17 years and a crucial member of the FluidPowerNet team since the platform launched in 2019, announced her retirement from the company in late March.
Francesca on her time with BearingNet and FluidPowerNet:
“Seventeen years ago, I joined BearingNet as part of a small team of just eight people. It has been an incredible journey watching the company grow with the additions of FluidPowerNet and Fasten.it and seeing the team more than double in size. While the work has always been carried out with dedication and precision, the true highlight of each day has been the camaraderie, laughter and shared moments with an amazing group of colleagues.”
Everyone at BearingNet and FluidPowerNet would like to say a massive thank you to Francesca for her hard work and dedication over the years.
Following Fran’s departure, Richard Allen will now be handling sales and customer care for the platform. You may have already been in touch with him, but if not, feel free to say hello by contacting sales@fluidpowernet.net.
Coming Soon: Best Bits Summer Edition 2025
The FluidPowerNet team are excited to announce the upcoming release of Best Bits coming early July 2025. For those who don’t know, Best Bits is BearingNet and FluidPowerNet’s joint industry magazine, covering developments across the bearing, power transmission and fluid power industries. The coming edition will feature stories from FluidPowerNet members such as Hayley Dexis and Fiz S.r.l.
Keep an eye on our social media channels for the release!
Thank you for reading!
Henry Rodda (henryr@bearingnet.net)
You must be logged in to post a comment.