Electric motor production
Schaeffler buys Elmotec Statomat
The automotive and industrial supplier Schaeffler has acquired Elmotec Statomat. Elmotec Statomat is a manufacturer of production machines for the construction of electric motors in large series and specializes in winding technology.
With this acquisition, Schaeffler intends to expand its expertise in the field of electric motor manufacturing and further advance the implementation of its e-mobility strategy. "Electromobility is one of our key future fields," said Klaus Rosenfeld, CEO of Schaeffler. "The acquisition puts us in a position to seamlessly map the entire industrialization of electric motor manufacturing within the company in the future and to close the last existing technology gap in the manufacture of rotors and stators."
The owner-managed company Elmotec Statomat, based in Karben near Frankfurt am Main, which generated sales of around 40 million euros in 2017 and currently employs around 200 people, has been a technology leader for manufacturing machines in electric motor construction for over 60 years, particularly in the field of stator production. With its individually scalable winding technologies, the company has achieved a leading market position in the field of electric motor production. In particular, the technology of bar shaft winding is considered to be the future leader for electromobility in terms of power density, efficiency and efficient large-scale production.
Schaeffler already acquired Compact Dynamics - a development specialist in the field of electric drive concepts - at the end of 2016. With the acquisition of Elomtec Statomat, this expertise is complemented by know-how in the mass production of stators for electric motors.
The takeover is expected to be completed in the first quarter of 2019 once all closing conditions have been met. The parties have agreed not to disclose the purchase price.
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