# Sumitomo Drive Technologies acquires Spanish distributor SIT

Sumitomo (SHI) Cyclo Drive Germany GmbH, a subsidiary of Sumitomo Heavy Industries, acquired Spanish industrial drive technology distributor and service partner Sociedad Industrial de Transmisiones (SIT) to expand its service offering on the Iberian Peninsula.

- Type: Acquisition
- Announced: 2018-11-09
- Where: San Sebastián, Spain, Spain
- Status: completed
- Products: industrial drive technology, mechanical power transmission
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Sumitomo Heavy Industries](https://endata.com/companies/1271.md) (acquirer)
- [Sociedad Industrial de Transmisiones](https://endata.com/companies/19204.md) (target)

## Sources

- [immittelstand.de](https://www.immittelstand.de/2018/11/09/sumitomo-drive-technologies-buendelt-expertise-auf-der-iberischen-halbinsel/), 2018-11-09: "Mit der SIT übernimmt der europäische Zweig der Technologieführerin Sumitomo Heavy Industries Ltd. einen, seit 50 Jahren bestehenden, renommierten Distributor und Servicepartner für industrielle Antriebstechnik."

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