HydraSpecma has acquired Stavanger-based Hyco AS, reinforcing its engineering strengths and expanding its presence in Norway. The move aligns with HydraSpecma’s strategy to become the leading partner for advanced industrial solutions across the Nordic region.
Since acquiring Specma Group in 2016, HydraSpecma has built strong positions in Denmark, Sweden, and Finland. With the addition of Hyco AS, Norway now joins these markets as a key strategic base, completing the company’s Nordic network. The acquisition also comes as demand rises for integrated hydraulic systems and software-enabled industrial solutions in Norway.
Hyco AS is recognised for its expertise in hydraulic system development and software programming. The company has also been a long-term integration partner of Danfoss Power Solutions. These capabilities will strengthen HydraSpecma’s ability to deliver high-value, end-to-end solutions tailored to customer requirements.
Helena Grubb, Vice President, HydraSpecma IAM & OEM Division, said the acquisition is a major milestone for the group’s Nordic growth plans. She noted that Hyco brings strong competence in system design and software, which will complement HydraSpecma’s existing operations. She also welcomed the Hyco team, adding that together both companies will be better positioned to deliver advanced solutions to customers across the region.
Following the acquisition, HydraSpecma will serve customers in Norway through facilities in Kleppe near Stavanger, formerly Hyco’s base, along with existing sites in Flekkefjord and Kristiansand. This expanded footprint will improve local service, responsiveness, and customer support.
Frode Reve, Majority Shareholder of Hyco AS, said joining HydraSpecma is a natural progression for the business. He highlighted the strong alignment between the two companies in customer focus, technical expertise, and long-term partnerships. He added that becoming part of HydraSpecma gives Hyco access to a wider platform, broader resources, and a strong Nordic network that will support future growth while maintaining high standards for customers.
HydraSpecma’s leadership also emphasised the strong cultural fit between the organisations. Morten Kjær, Group CEO of HydraSpecma, said the company has known Frode Reve and Hyco for more than 12 years. He noted that their shared values in customer commitment, hydraulic expertise, flexibility, and accountability create a strong foundation for the partnership. He added that integrating Hyco into HydraSpecma’s wider organisation will help accelerate growth plans and create new opportunities in the Norwegian market.
