In 1963, M+S Hydraulic was a state-owned enterprise providing services to the construction industry, offering maintenance and repair services for excavators, bulldozers, and truck cranes. In 1964, production of presses for cable boots began. In 1966, production of loaders and hydraulic systems for housing construction commenced. In 1972, the company specialized in the professional manufacture of hydraulic equipment. In 1975, production of hydrostatic steering units for vehicles with speeds up to 60km/h started. In 1975, production of hydraulic power units began. In 1981, production of low-speed high-torque planetary hydraulic motors started. In 1995, the company obtained ISO 9001 certification. M+S Hydraulic was the first company in Bulgaria to achieve ISO 9001 certification. In 1997, M+S Hydraulic was listed on the Bulgarian Stock Exchange (BSE code: 5MH). In 2012, M+S became the owner of the Serbian manufacturing company LIFAM HIDRAVLIKA D.O.O. The main product range includes hydrostatic steering units and valves.