Acquisition in the field of electric motors

Schaeffler concluded a contract to acquire Elmotec Statomat Holding GmbH, based in Karben near Frankfurt am Main, Germany.

Elmotec Statomat GmbH is one of the world’s leading manufacturers of production machinery for the high-volume construction of electric motors and possesses unique expertise in the field of winding technology. With this acquisition, Schaeffler is expanding its expertise in the construction of electric motors and thereby driving forward the implementation of its electric mobility strategy.

The acquisition will enable Schaeffler to seamlessly and completely accommodate the industrialization of electric motor construction and close the last remaining technology gap in the production of rotors and stators.

Elmotec Statomat currently has around 200 employees; the company has been a technology leader in the field of production machinery for electric motor construction for over 60 years, with a primary focus on the production of stators. With its individually scalable, innovative winding technologies, the company has achieved a leading market position in the field of electric motor production. 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.

The acquisition is to be completed during the first quarter of 2019.