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INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%

Sumitomo Heavy Industries acquires Invertek Drives · Endata

◂ Announcements

Sep 27, 2019ACQUISITIONWelshpool, Powys, UK, United Kingdom

Sumitomo Heavy Industries acquires Invertek Drives

Sumitomo Heavy Industries Ltd acquired the entire share capital of Invertek Drives Ltd, a UK-based manufacturer of variable frequency drives. The deal is expected to lead to significant investment in Invertek's growth and development in Mid Wales.

Value

$125.0M (100.0M GBP)

Status

Completed

Productsvariable frequency drives

CompaniesSumitomo Heavy Industries acquirer Invertek Drives target

Sectors#Automation and Robotics #Industrial Machinery

“SHI is committed to driving forward Invertek’s ambitious growth plans, investing in innovation to develop next generation VFD technology.”engineeringnews.co.za

2 sources
engineeringnews.co.zaAcquisition of Invertek Drives Ltd will lead to continued investment in growth and innovationCreamer Media ReporterSep 27, 2019
business-live.co.ukMajor £100m takeover of Welsh manufacturer by Japanese industry giant | Business LiveOwen HughesSep 27, 2019

Summarized from public sources; check the original articles before acting on it.

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