# Sumitomo Heavy Industries to acquire Lafert S.p.A. for €172.65 million

Sumitomo Heavy Industries Ltd has signed a binding agreement to acquire the entire share capital of Lafert S.p.A., a European leader in electric motors and drives, for €172.65 million. The transaction is scheduled for completion by end of June 2018.

- Type: Acquisition
- Announced: 2018-05-01
- Where: San Donà di Piave, Venice, Italy
- Value: $210.0M (172.7M EUR)
- Status: announced
- Products: electric motors, customized drives
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Sumitomo Heavy Industries](https://endata.com/companies/1271.md) (acquirer)
- [Lafert S.p.A.](https://endata.com/companies/18583.md) (target)

## Sources

- [scoutingadvisors.com](https://www.scoutingadvisors.com/en/lafert-group-acquired-by-sumitomo-heavy-industries/), 2018-05-01: "The shareholders of Lafert S.p.A. have signed a binding agreement to sell the entire share capital of the company to Sumitomo Heavy Industries Ltd for a consideration of Euro 172.65 million."

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