# 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.

- Type: Acquisition
- Announced: 2019-11-13
- Where: Welshpool, Powys, Wales, United Kingdom
- Value: $129.0M (100.0M GBP)
- Status: completed
- Products: variable frequency drives
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

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

## Sources

- [newsfromwales.co.uk](https://newsfromwales.co.uk/100m-deal-for-welsh-manufacturer-rubber-stamped/), 2019-11-13: "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."

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