# Midea acquires Servotronix for $170M

Chinese electronics giant Midea Group acquired control of Israeli automation solutions developer Servotronix at a company value of $170 million. Servotronix's development center in Petah Tikva will continue to operate after the acquisition.

- Type: Acquisition
- Announced: 2017-11-02
- Where: Petah Tikva, Israel
- Value: $170.0M
- Status: completed
- Products: automation solutions, motion control
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Midea](https://endata.com/companies/1678.md) (acquirer)
- [Servotronix](https://endata.com/companies/16751.md) (target)

## Sources

- [en.globes.co.il](https://en.globes.co.il/en/article-chinas-midea-buys-israeli-co-servotronix-1001176475), 2017-11-02: "This strategic alliance represents another milestone of Midea’s expansion in industrial automation and intelligent manufacturing."

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