Servotronix Motion Control

Activity by year

2017201820192020202120222023202420252026

AcquisitionPartnership

Feb 9, 2017ACQUISITIONPetah Tikva, Israel$170.0M
Midea acquires majority stake in Servotronix Motion for $170M valuation
Midea, a Chinese robotics and electronics company, acquired a majority stake (over 50%) in Israel's Servotronix Motion, an automation solutions developer, at a $170 million valuation. The deal includes a $50 million payment for a 30% stake from Ruth Wertheimer and half of the remaining shares from other owners.
Midea acquirer KUKA target Servotronix Motion Control target Servotronix Motion target Servotronix target #Automation and Robotics jewishbusinessnews.com companies.caixin.com drivesncontrols.com
Feb 9, 2017PARTNERSHIP
Midea and Servotronix form strategic alliance
Midea Group announced a strategic partnership with Servotronix Motion Control Ltd., an Israeli motion control and automation systems company, to expand in industrial automation and intelligent manufacturing.
Midea Servotronix Motion Control partner #Automation and Robotics en.cheaa.org
Jan 25, 2017ACQUISITIONPetach Tikva, Israel, Israel$170.0M
Chinese company to acquire Servotronix Motion Control at $170M valuation
A Chinese company traded on the Shanghai Stock Exchange is acquiring Servotronix Motion Control at a $170 million valuation. The deal includes a $50 million payment for a 30% stake held by Ruth Wertheimer and half of the remaining shares.
Servotronix Motion Control target Ruth Wertheimer investor #Automation and Robotics haaretz.com

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