Servotronix Motion Control Business
Sector
Industrial TechnologiesProcess Automation & Intelligence Systems
Target Customer
Energy, Utilities & Waste ManagementRenewable Energy SystemsWindSolarIndustrial ManufacturingHybrid IndustriesFood & BeveragesIndustrial EquipmentMachineryDiscrete IndustriesSemiconductors & ElectronicsPrintingCommerce & RetailConsumer GoodsTextileHealthcare & Life SciencesMedical Devices IndustryMedical Equipment
Core Technology
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Tags (10)
machineryroboticsautomationmotion-controlmanufacturingmotion-controlindustry-4.0manufacturing-facilitiessoftware-applicationselectronic-manufacturing
Geographic Markets
South KoreaChinaGermanyUnited StatesGlobal
Servotronix Motion Control Financials
Servotronix Motion Control Lifecycle
Servotronix Motion Control News
1 article
China's Midea buys Israeli co Servotronix
Chinese electronics giant Midea Group has acquired control of Israeli company Servotronix at a company value of $170 million. Servotronix develops automation solutions focused on motion control for various industries. The acquisition will allow Servotronix to deepen its strategic cooperation with Midea and expand its operations globally. Midea sees the acquisition as a milestone in its expansion into industrial automation and intelligent manufacturing. Servotronix will continue to operate with its development center in Petah Tikva. The exact controlling interest acquired by Midea is unclear, but the CEO and another founder are expected to sell their stakes in the company.
Acquisition
Servotronix Motion Control Team
Sandra Bell
Strategic Accounts
Employee Info
| Employees (range) | 51-200 |
| Exact count | 88 |
| Team members | 4 |
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