Servotronix

Activity by year

2017201820192020202120222023202420252026

Acquisition

Nov 2, 2017ACQUISITIONPetah Tikva, Israel$170.0M
Midea acquires Servotronix for $170M
Chinese electronics giant Midea Group acquired control of Israeli automation solutions developer Servotronix at a company value of $170 million. Servotronix's development center in Petah Tikva will continue to operate after the acquisition.
Midea acquirer Servotronix target #Automation and Robotics en.globes.co.il
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

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