(Perth, Western Australia, November, 30 2012) Fluiconnecto by Manuli, a division of Manuli Rubber Industries (MRI), announces the acquisition of 51% of the shares of the Hyspec Mining Services Group with operations in seven sub-Saharan African countries and headquarters in Australia.

This new partnership is founded on a 16 year, single source supply relationship and future proofs the service delivery model, bringing together the best products, people and global distribution networks.

Hyspec Mining Services Group of companies, with projected 35,000,000 USD sales in 2012, is focused on providing replacement hydraulics parts and service equipment to the mining and exploration industry across Africa. Hyspec has a large purchasing and logistics centre in Perth, Western Australia, with operational central warehouses in Ghana, Guinea, Mali, Sierra Leone, Burkina Faso, Tanzania and Zambia, where it operates through more than 50 wholly owned mine site based service points.

Hyspec is the market leader in its field and is an integral partner to the mining companies and their contractors, focused on assisting their customers to reduce the downtime of mining production equipment. As a member of the Fluiconnecto network, Hyspec brings its customers closer to the manufacturer than any other hydraulics supplier, enabling to move goods faster, ensure continuity of supply and deliver truly global logistics solutions.

In addition, the relationship provides Hyspec's customers with direct access to Manuli's highly skilled technicians and engineers, who operate from five global Innovation Centres focused on the continuous development of new technologies and integrated mine-site solutions.

Fluiconnecto By Manuli, is a leading international service organization, focused on high pressure fluid connectors, providing products and application knowledge, as well as maintenance services to all market segments, through a global network tailored to local conditions.

Following this acquisition Fluiconnecto by Manuli, already market leader in maintenance services in South Africa and Botswana, will enhance its position as the leading service provider to the mining industry throughout the African continent.

With Hyspec on board, the Fluiconnecto By Manuli Group will now operate a network of over 200 fully owned service points in Europe, the Middle East, Africa, South America and the Asia Pacific region.