Schaeffler Group, a manufacturer of rolling element bearings, completed the acquisition of Melior Motion, a manufacturer of drive technology, for $140m. “In Melior Motion GmbH, we are acquiring a highly innovative company in the robotics field that is on a strong growth course. This acquisition adds to our still young portfolio of robot actuators and considerably expands our position as an innovative supplier in this important business area. As a user of robots ourselves, we will also utilize the special characteristics of this portfolio to increase efficiency at our 75 Schaeffler production sites," Stefan Spindler, Schaeffler CEO.