Add-on Acquisition • Machinery

Sumitomo Drive Technologies Acquires LufTex Gears

On December 18, 2019, Sumitomo Drive Technologies acquired machinery company LufTex Gears

Acquisition Context

This is Sumitomo Drive Technologies’ 1st transaction in the Machinery sector.
This is Sumitomo Drive Technologies’ 1st transaction in the United States.
This is Sumitomo Drive Technologies’ 1st transaction in Texas.

Explore All 2379 Add-on Acquisition Machinery Deals - Search the Database Free

M&A Deal Summary
Date	December 18, 2019
Target	LufTex Gears
Sector	Machinery
Buyer(s)	Sumitomo Drive Technologies
Deal Type	Add-on Acquisition

Target Company

LufTex Gears

Lufkin, Texas, United States

LufTex Gears is a provider of aftermarket repairs and services for all brands of industrial gearboxes and is based in Lufkin, Texas.

Explore More Deals

Browse All 215,130 Deals

FILTER BY

Buyer Type (PE or Strategic)
Deal Size ($10M to $10B+)
Sector (60 Sectors)
Deal Type
Geography
& More

Search Free

Buyer Overview 1

Buyer

Sumitomo Drive Technologies

Chesapeake, Virginia, United States

Category	Company
Founded	1966
Sector	Electrical Equipment

DESCRIPTION

Sumitomo Drive Technologies is a manufacturer of power transmission and control products including gear motors and industrial gearboxes. Sumitomo Drive Technologies was founded in 1966 and is based in Chesapeake, Virginia.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Machinery	1 of 1
Type: Add-on Acquisition	1 of 1
State: Texas	1 of 1
Country: United States	1 of 1
Year: 2019	1 of 1

Explore Related M&A Activity

Machinery M&A - Add-on Acquisition M&A Deals - Texas M&A - United States M&A - 2019 M&A