# Ideal Electric acquired by affiliate of Gulf Electroquip

Hyundai Ideal Electric Company, formerly owned by Hyundai Heavy Industries, has been wholly acquired by a privately held affiliate of Gulf Electroquip Ltd. The Mansfield, Ohio-based manufacturer of electric motors and generators returns to private hands.

- Type: Acquisition
- Announced: 2017-12-14
- Where: Mansfield, Ohio, United States
- Status: completed
- Products: electric motors, generators, switchgear, control systems
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Hyundai Heavy Industries](https://endata.com/companies/1382.md) (partner)
- [Gulf Electroquip Ltd.](https://endata.com/companies/26935.md) (acquirer)
- [Hyundai Ideal Electric Company](https://endata.com/companies/28812.md) (target)

## Sources

- [powergenadvancement.com](https://www.powergenadvancement.com/market-reports/hyundai-ideal-electric-company-acquired-by-affiliate-of-gulf-electroquip-ltd/), 2017-12-14: "Ideal Electric Company, formerly owned by Hyundai Heavy Industries Co. Ltd. of South Korea, announced today that the Mansfield, Ohio company has been wholly acquired by a privately held affiliate of Gulf Electroquip Ltd."

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