# 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.

- Type: Acquisition
- Announced: 2019-09-27
- Where: Welshpool, Powys, UK, United Kingdom
- Value: $125.0M (100.0M GBP)
- Status: completed
- Products: variable frequency drives
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Sumitomo Heavy Industries](https://endata.com/companies/1271.md) (acquirer)
- [Invertek Drives](https://endata.com/companies/42365.md) (target)

## Sources

- [engineeringnews.co.za](https://www.engineeringnews.co.za/article/acquisition-of-invertek-drives-ltd-will-lead-to-continued-investment-in-growth-and-innovation-2019-09-27), 2019-09-27: "SHI is committed to driving forward Invertek’s ambitious growth plans, investing in innovation to develop next generation VFD technology."
- [business-live.co.uk](https://www.business-live.co.uk/manufacturing/major-100m-takeover-welsh-manufacturer-16993999), 2019-09-27: "SHI is committed to driving forward Invertek’s ambitious growth plans, investing in innovation to develop next generation VFD technology."

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