Add-on Acquisition • Technology Hardware

Midea Group Acquires Servotronix Motion Control

On February 12, 2017, Midea Group acquired technology hardware company Servotronix Motion Control for 170M USD

Acquisition Context
  • This is Midea Group’s 1st transaction in the Technology Hardware sector.
  • This is Midea Group’s 2nd largest (disclosed) transaction.
  • This is Midea Group’s 1st transaction in Israel.

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M&A Deal Summary

Date February 12, 2017
Target Servotronix Motion Control
Sector Technology Hardware
Buyer(s) Midea Group
Deal Type Add-on Acquisition
Deal Value 170M USD

Target Company

Servotronix Motion Control

Petah Tikva, Israel
Servotronix Motion Control Ltd. is a developer of automation solutions focused on motion control for a diverse range of industries including robotics, printing, textiles, medical equipment, renewable energy, CNC and machine tools, food and beverages, and electronics.
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Buyer Overview 1

Buyer

Midea Group

Foshan City, China

Category Company
Founded 1968
Sector Consumer Products
Employees100,000
Revenue 409.1B CNY (2024)
DESCRIPTION

Midea Group is a producer of a wide range of lighting products, water appliances, floor care, small kitchen appliances, laundry equipment, large cooking appliances, and refrigeration products. The Company also produces specialty in home- and commercial-grade heating, ventilation and air conditioning (HVAC) products. Midea Group was formed in 1968 and is based in Foshan City, China.


Deal Context for Buyer #
Overall 3 of 5
Sector: Technology Hardware 1 of 1
Type: Add-on Acquisition 2 of 3
Country: Israel 1 of 1
Year: 2017 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-28 KUKA

Augsburg, Germany

KUKA develops, manufactures, and supplies automation solutions for a wide range of industrial customers. KUKA was founded in 1898 and is based in Augsburg, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-26 TTium Motor

Shenzhen, China

TTium Motor was focused on R&D and manufacturing of pedelec’s intelligent drive system to provide the best mid-motor from China and brings an extraordinary cycling experience. TTium Motor was formed in 2015 and is based in Shenzhen, China.

Buy -