OLAER  ::  OLAER History
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 OLAER History  
 
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  • Jean Mercier
  • Inventor of the bladder accumulator

  

  

  

  • Compagne Générale pur l'Equipement Aéronautique
  • First application - propeller pitch control

 

 

  • OLAER France comes into being
  • UK Company, Metal Industries LTD becomes shareholder

 

  • Bladder Accumulator is adopted by the hydraulics market
  • Co-licensees: USA, Germany, Japan

  

  

  • Acquisition of shares in Sacatec, specialist rubber component supplier

 

   

  • Hydraulic market develops
  • First geographic expansion

  

  • Acquisition of Olaer by Expamet International plc

 

  • Acquisition of Fawcett Engineering and Christie Hydraulics in the UK
  • Origins date back to 1758
  • The two companies merge to form Fawcett Christie Hydraulics

 

 

  • Acquisition of Oil Air Hydraulics in the USA

 

  • Acquisition of the companies T&B Hydraulik and PR Hydraulik, which became OILTECH AB (Sweden, Norway, Denmark and Finland)

 

  • Olaer starts supply of product to the wind industry

  

  

 

  • Expansion in different countries

  

  

  

  • Management buyout supported by Gresham Private Equity (head office - Chester, Uk)

 

 

  • Further geographic expansion - Asia, Middle East, South America, Eastern Europe