# Condra acquires iTek Drives

Crane and hoist manufacturer Condra has acquired Optidrive variable-frequency drives distributor iTek Drives for an undisclosed amount. The deal secures Condra's supply of Optidrive VFDs for its cranes.

- Type: Acquisition
- Announced: 2022-12-02
- Where: South Africa, South Africa
- Status: completed
- Products: variable-frequency drives, cranes
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Condra](https://endata.com/companies/18232.md) (acquirer)
- [Invertek Drives](https://endata.com/companies/42365.md) (partner)
- [iTek Drives](https://endata.com/companies/67053.md) (target)

## Sources

- [miningweekly.com](https://www.miningweekly.com/article/condra-acquires-itek-drives-2022-12-02), 2022-12-02: "The acquisition is a logical development of Condra’s long-standing use of Invertek’s Optidrive range"

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