Menzel Elektromotoren, manufacturer of electronic coils, and transformers., completed its acquisition of Franz Wölfer Elektromaschinenfabrik, manufacturer of electric motors for use in lifting technology, in and on ships as well as in general mechanical engineering. Financial terms were not disclosed. “I am convinced of the potential of this family-owned company because I see progressive, high-quality products, excellent customer relationships, and a highly motivated and committed workforce,” Mathis Menzel, Menzel Group Managing Director.