# Benshaw acquires business assets of Hiconics Europe

Benshaw, a US motor drive firm, acquired the business assets of Hiconics Europe, a German manufacturer of medium voltage motor drives, to expand its medium voltage drive product offerings.

- Type: Acquisition
- Announced: 2021-05-24
- Where: Germany, Germany
- Status: completed
- Products: medium voltage motor drives
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Benshaw](https://endata.com/companies/44076.md) (acquirer)
- [Hiconics Europe](https://endata.com/companies/55368.md) (target)

## Sources

- [eenewseurope.com](https://www.eenewseurope.com/en/us-motor-drive-firm-buys-european-factory/), 2021-05-24: "We are pleased to have the Hiconics Europe team bring their expertise to Benshaw and our affiliated companies."

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