Announced
Financials
Tags
machinery manufacturing
Israel
Majority
Pending
Acquisition
Friendly
Single Bidder
Private
Machinery: Specialty
Cross Border
Industrial Machinery Manufacturing
automation machinery
Synopsis
Bosch Rexroth, an engineering firm based in Lohr am Main in Germany, agreed to acquire Elmo Motion Control, a global company of motion control intelligence solutions, for $700m. Elmo, founded in 1988 by Haim Monhait, who still serves as its CEO, develops motion control intelligence solutions. The company designs and manufactures ultra-advanced servo drives and network motion controllers. Elmo’s products are integrated into a wide variety of applications from industrial to extreme environment automation.
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