# Midea acquires majority stake in Servotronix Motion for $170M valuation

Midea, a Chinese robotics and electronics company, acquired a majority stake (over 50%) in Israel's Servotronix Motion, an automation solutions developer, at a $170 million valuation. The deal includes a $50 million payment for a 30% stake from Ruth Wertheimer and half of the remaining shares from other owners.

- Type: Acquisition
- Announced: 2017-02-09
- Where: Petah Tikva, Israel
- Value: $170.0M
- Status: completed
- Products: motion control systems, servo drives, encoders, multi-axis motion controllers
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Midea](https://endata.com/companies/1678.md) (acquirer)
- [KUKA](https://endata.com/companies/3695.md) (target)
- [Servotronix Motion Control](https://endata.com/companies/16658.md) (target)
- [Servotronix Motion](https://endata.com/companies/16749.md) (target)
- [Servotronix](https://endata.com/companies/16751.md) (target)

## Sources

- [jewishbusinessnews.com](https://jewishbusinessnews.com/2017/02/12/ruth-wertheimer-daughter-stef-wertheimer-sold-servotronix-chinese-company-midea-170-million-valuation/), 2017-02-12: "This alliance will provide Servotronix with significant leverage for our global operations and put Servotronix in a leadership position in the field of robotics, control and automation, with China being a major market in this field."
- [companies.caixin.com](https://companies.caixin.com/m/2017-02-13/101054709.html), 2017-02-13: "美的已收购Servotronix愈50%的股份。"
- [drivesncontrols.com](https://drivesncontrols.com/midea-takes-control-of-israeli-motion-firm-servotronix/), 2017-02-14: "This strategic alliance with Servotronix represents another milestone of Midea's expansion in industrial automation and intelligent manufacturing."
- [en.xfafinance.com](http://en.xfafinance.com/html/Companies/2017/311035.shtml), 2017-03-10: "In the past eight months, Midea has acquired 94.55 percent of Kuka and 50 percent of Servotronix."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.