Acquisition of Invertek Drives

30 September 2019

Invertek Drives Ltd, a manufacturer of variable frequency drives, has been acquired by Tokyo-based Sumitomo Heavy Industries Ltd (SHI).

Invertek, which has its global headquarters and manufacturing based at Welshpool, Powys, UK, designs and manufactures VFDs used to control electric motors in a wide range of commercial, industrial and energy-saving applications.
 
Sumitomo Heavy Industries Ltd (SHI) has acquired the entire share capital of Invertek in the deal.
 
“SHI is committed to driving forward Invertek’s ambitious growth plans, investing in innovation to develop next generation VFD technology,” said Charles Haspel, operations director and Board Member at Invertek Drives Ltd.

SHI is a leading global manufacturer and distributor of power transmission and control equipment known under the Sumitomo Drive Technologies brand.
 
In acquiring the company SHI's goal is to strengthen and expand its business by integrating new technologies in the areas of electric motors and variable frequency drives and achieving global growth in target segments such as robotics and positioning, material handling and intralogistics and food and beverages.
 
As part of this strategy, SHI acquired Italian industrial motor manufacturer Lafert S.p.A in 2018, expanding its business in terms of both portfolio and global market reach.
 
The acquisition of Invertek will see its current board of directors remain managing the business as a separate unit of SHI.
 
The deal is expected to be completed in early November 2019.


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