Transaction

Transaction Details

Closed
November 7, 2019

Sector

Technology

Deal Type

Mergers and Acquisitions

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GCA Advises Sumitomo Heavy Industries on the Acquisition of Invertek Drives

GCA is pleased to announce we advised Japanese-listed manufacturer Sumitomo Heavy Industries (SHI) on the £100M ($128M) acquisition of Invertek Drives.

SHI is a leading global manufacturer and distributor of power transmission and control equipment under the Sumitomo Drive Technologies brand. Its current strategy is to further strengthen and expand its business by integrating new technologies in the areas of electric motors and frequency drives and achieving global growth in target segments such as robotics and positioning, transportation and logistics and food and beverages. As part of this strategy, SHI’s GCA-advised 2018 acquisition of Lafert Group expanded its business portfolio and global market reach.

Founded in 1998, Invertek designs, manufactures and distributes variable frequency drives used to control motors across a wide range of industrial, commercial and energy-saving applications. Invertek services an extensive global customer base in over 80 countries.

Invertek’s technology and production capabilities will allow SHI to extend its product portfolio in the motor control industry, which is becoming increasingly important as demand for IoT automation, labor productivity and energy-saving technology grows. Its combination with Lafert’s motor technology will enable SHI to respond to its customers’ advanced needs, as SHI aims to create an integrated platform centered in Europe.

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