Diverse Industry Applications Daman Products serves a wide range of industrial sectors, including machine tools, construction, farming, mining, energy, shipbuilding, and entertainment, indicating opportunities to tailor hydraulic solutions for various end markets.
Strategic Acquisition The recent acquisition by Helios Technologies enhances Daman's hydraulics technology portfolio, presenting potential for cross-selling advanced hydraulic components to existing and new clients within Helios' extensive customer base.
International Expansion Daman's launch of health insurance plans in the UAE and community initiatives in Abu Dhabi and Dubai suggest a growing presence in the Middle East, opening avenues for expanding business partnerships and regional sales of hydraulic products.
Digital Engagement The deployment of digital services like the Hayakom-Thiqa smart branch indicates a progressive approach to customer engagement, providing chances to introduce connected hydraulic systems or remote monitoring solutions to tech-savvy clients.
Market Niche and Revenue With a revenue range of 25 to 50 million dollars and specialized manufacturing capacity for custom hydraulic manifolds, Daman offers targeted upselling opportunities to OEMs seeking reliable hydraulic components for their machinery.