Mining and Heavy Industries

Sumitomo strengthens portfolio through acquisitions

Sumitomo Heavy Industries (SHI) is strengthening its electric motors, variable-frequency drives (VFD), robotics, and materials handling portfolios through a long-term global strategy.

The company acquired the entire issues share capital of UK-based variable frequency drive manufacturer Invertek Drives Ltd in 2019.

In addition, the Sumitomo Heavy Industries acquired the Italian industrial motor manufacturer Lafert S.p.A in 2018 following this strategy.

Invertek’s technology and production capabilities has allowed SHI to extend its product portfolio in the motor control industry, which is becoming increasingly important as demand for Internet of Things, automation, labour productivity and energy-saving technology and applications grows.

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Lafert’s motor technology has also enabled SHI to respond to the advanced customer needs in Europe.

Invertek Drives Ltd Operations Director and Board Member, Charles Haspel, said SHI is committed to driving forward Invertek’s ambitious growth plans, investing in innovation to develop next generation VFD technology.

“We have a world-class team of experts in innovation, manufacturing and marketing of drive technology at our UK headquarters which we plan to grow as part of our long-term global strategy,” Haspel said.

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