December 2020

Hydreco Hydraulics Ltd in Poole, Dorset, a wholly owned UK subsidiary of Duplomatic Motion Solutions based in Italy, has put in place a robust company growth strategy focused on gaining an even larger market share within a number of target sectors within the UK and Ireland. Key appointment Part of this new sales momentum revolves around the recent appointment of Rob Buchanan, formerly GM of Argo Hytos, as the company’s new sales director. Buchanan and his sales team based in Poole will manage the company’s existing key account customers within the mobile market, as well as look to expand the business in the direction control valves sector; i.e. those within the cetop, bankable, manifold and HIC markets utilising Duplomatics’ extensive range. Also, David Brown and Hamworthy are two well-known and respected brands that fall under the Hydreco Hydraulics umbrella. Partnerships Additionally, Buchanan is tasked with further developing Hydreco Hydraulics Ltd’s relationship with existing and prospective distributor partners and systems integrators. He comments: “Drawing on our own solutions and sales expertise, as well as the knowhow and experience of our parent company Duplomatic, we are now heavily focused on expanding our key target markets. We are also concentrating on the further NEWS development of our distribution and systems integration business. Because of the broad range of solutions and skillsets we can offer, we are able to focus on both end-users and OEMs within the industrial, mobile, distribution and defence sectors.” Product overview Hydreco Hydraulics manufacturers an extensive range of low- noise helical gear, aluminium and cast-iron gear pumps, as well as standard spur gear models. Its valve range covers multi-spool sectional and monoblock models with electro-hydraulic, hydraulic and lever control. Dual axis, stackable, and single-axis hydraulic pilot valves are also available with a wide range of handle options including ergonomic handles with many switches and button options. The valves are available with spring-centred and electric detent options. The Italian arm of Hydreco produces all pilot valve products for the group. Hydreco also produces and sells its own range of transport hydraulics under the Hydreco Powauto brand. The product range covers power take-offs, pumps valves and accessories for on road vehicles. The Powauto range of products is produced by Hydreco Australia. More information For more information on Hydreco Hydraulics Ltd’s products and services, contact Rob Buchanan at rbuchanan@hydreco.com Two energy industry entrepreneurs have launched a family investment company which will support fledgling technology enterprises with development capital and decades of experience gained building international businesses. Doug Duguid and Michael Buchan have formed Indigo 7 Ventures (I7V) which will have a focus on start-up businesses specialising in environmental sustainability and energy transition. The pair have created a multi-million-pound fund which will invest upwards of six figure sums in a small stable of innovative companies working in the renewables sector. Doug Duguid was chief executive officer and Michael Buchan chief financial officer of EnerMech, which they founded in Aberdeen in 2008 and developed into a global engineering services company, and which was subsequently acquired in a multi-million pound deal by The Carlyle Group. Previously, the pair led pipeline and well interventions specialist PSL Energy Services and grew it into a global business which was later acquired by Halliburton in a £128 million deal in 2007. Based in Aberdeen, UK, I7V believes its extensive experience in sourcing finance, setting up businesses in different geographic locations, arranging international joint venture agreements and navigating tax and regulatory requirements, will differentiate this investment company from traditional funders. In tandem, I7V will also set up its own renewables services, inspection and repair business in the wind, solar and hydrogen space, with a strategy aimed at establishing an international presence. I7V has already made a number of substantial investments in UK and South African-based businesses, which will be revealed in due course. Energy entrepreneurs launch multi-million-pound business investment fund 18 HYDRAULICS & PNEUMATICS November/December 2020 www.hpmag.co.uk Hydreco Hydraulics Ltd bolsters its presence within the UK market Indigo 7 Venture’s Doug Duguid (left) with Michael Buchan.