# Ichinomiya Electric acquires 49% stake in Suzhou Amneo Drive

Ichinomiya Electric Corporation acquired a 49% stake in Suzhou Amneo Drive, a Chinese electric drive manufacturer. The partnership was formalized on February 2, 2019, and a new joint venture named Kinetec Amneo Drive Electric was established.

- Type: Acquisition
- Announced: 2019-02-02
- Where: Suzhou, China
- Status: completed
- Products: electric drive systems, electric vehicle components, robotics components
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Ichinomiya Electric Corporation](https://endata.com/companies/38345.md) (acquirer)
- [Suzhou Amneo Drive](https://endata.com/companies/38346.md) (target)
- [Kinetec Amneo Drive Electric](https://endata.com/companies/38347.md) (partner)

## Sources

- [kinetec-electric.com](https://kinetec-electric.com/strategic-partnership), 2019-03-30: "This collaboration is not just a business investment—it represents a shared belief in innovation, technical excellence, and the future of electrified mobility and automation."

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