June 24, 2018 3:24 AM ET

Machinery

Company Overview of Faster S.p.A.

Company Overview

Faster S.p.A. designs, develops, and manufactures couplings. It offers couplings and check valves, multi fasters, special solutions, and accessories and spares. The company’s products are used in various hydraulic applications in industries, such as agriculture, air conditioning refrigeration, construction equipment, high pressure tools, industrial, oil and gas, and marine, and vehicles and road machines. It serves customers in Italy and internationally. Faster S.p.A. was formerly known as OMBA. The company was founded in 1951 and is based in Rivolta d'Adda, Italy. As of April 5, 2018, Faster S.p.A. operates as a subsidiary of Sun Hydraulics Corporation.

Via Ludovico Ariosto, 7

Rivolta d'Adda, CR 26027

Italy

Founded in 1951

Phone:

39 0363 37 72 11

Fax:

39 0363 37 73 33

Key Executives for Faster S.p.A.

Chief Executive Officer
Compensation as of Fiscal Year 2017.

Faster S.p.A. Key Developments

Faster S.p.A., Sun Hydraulics Corporation - M&A Call

To enter into a definitive agreement to acquire the shares of Faster Group from Capvis Equity IV LP

Faster S.p.A. Appoints Joel Edwards as Senior Vice-President and General Manager

Faster S.p.A. reported that Joel Edwards has been appointed as Senior Vice-President and General Manager for the company, reporting directly to the CEO, Stijn Vriends. He has 24 years of progressive experience in managing operations, strategic planning and organizational development in the U.S. and as an expatriate. Prior to joining the company, he was with Gates Corp. where he held several executive positions in global commercial, engineering and operational roles. In his new role at Faster, Edwards will use his experience and skills to drive growth of the North American business.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 19, 2018
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