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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 for £100M · Endata

◂ Announcements

Industrial Machineryworld trade 2024+4.5% 5Y CAGR

Automation and Roboticsworld trade 2024+4.2% 5Y CAGR

Nov 13, 2019ACQUISITIONWelshpool, Powys, Wales, United Kingdom

Sumitomo Heavy Industries acquires Invertek Drives for £100M

Sumitomo Heavy Industries (SHI) finalized a £100 million deal to acquire Invertek Drives Ltd, a Welsh manufacturer of variable frequency drives. The acquisition will support SHI's international growth strategy and lead to investment in Invertek's development in Mid Wales.

Value

$129.0M (100.0M GBP)

Status

Completed

Productsvariable frequency drives

CompaniesSumitomo Heavy Industries acquirer Invertek Drives target

Sectors#Industrial Machinery #Automation and Robotics

“We're very pleased to see this deal concluded and we're excited about the future of the company in Mid Wales with the power of the SHI resources now behind us.”newsfromwales.co.uk

1 source
newsfromwales.co.uk£100m deal for Welsh manufacturer rubber-stampedFaisal RazzaqNov 13, 2019

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

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