Schaeffler has finalized an agreement for the acquisition of Elmotec Statomat Holding GmbH, which is based in Karben near Frankfurt. The company specializes in winding technology and is also one of the leading manufacturers of production machinery for the high-volume construction of electric motors. The deal will become final during the first quarter of 2019.
As an outcome of this acquisition, Schaeffler will be able to expand its expertise in the construction of electric motors and will be able to advance the implementation of its electric mobility strategy.
Commenting on the acquisition, Klaus Rosenfeld, CEO of Schaeffler AG said that electric mobility is one of Schaeffler’s core areas for future development. By acquiring Elmotec Statomat, the company has moved one step further in its drive to expand its manufacturing expertise in electric mobility. He said that the acquisition would make it possible for Schaeffler to seamlessly and completely accommodate the industrialization of electric motor construction within the company and thus close the last remaining technology gap in the production of rotors and stators.
Elmotec Statomat, is an owner-operated company which generated sales of 40 million euros in 2017 and has a workforce of about 200 employees. For the past 60 years, the company has been a key player in the field of production machinery for electric motor construction, with the main focus being on the production of stators. It achieved a leading market position in the production of electric motors with its individually scalable, innovative winding technologies. Wave winding technology in particular is considered a leading field of future development for electric mobility in terms of power density, efficiency, and efficient high-volume production.
Dr Jochen Schröder, Head of Schaeffler AG’s E-Mobility business division said that Elmotec Statomat has already proven its outstanding performance capability and power of innovation with its technologies. The company has over 50 individual intellectual property rights in 13 patent classes globally, and is one of the world’s leaders in the field of winding technology in stator production. Through this acquisition, Schaeffler would be expanding its manufacturing expertise in the field of electric motors and thus oincreasing its potential for growth by producing electric motors and stator production facilities.
Back in February 2017, Schaeffler had acquired Compact Dynamics GmbH, a company that specialized in innovative electric drive concepts. Now by acquiring Elmotec Statomat, Schaeffler will be ramping up its expertise in the high-volume production of stators for electric motors.
Sadik Sadiku, owner and managing partner of Elmotec Statomat GmbH said that with the Schaeffler Group, Elmotec Statomat had found the perfect partner for further developing its technologies. Schaeffler has comprehensive expertise and capacities in tool manufacture and special machinery, as well as extensive experience in safeguarding and industrializing technologies. He felt that by joining forces, there would be scope for more growth in the manufacture of electric motors and electric motor production facilities. The transition to electric mobility offers special opportunities from which all parties can benefit.
Hamid Moaref has always been fascinated by cars and the automotive industry. His family has a longstanding association with the industry and has been in the tire business for the past 35 years. Raised in Dubai, Hamid attended Capilano University in Vancouver where he graduated with a BBA in marketing before attending an intensive course in magazine publishing in 2005. He has been the publisher and chief editor of Tires & Parts magazine for the past ten years.
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