Elmo founder Haim Monhait (center) Thomas Fechner (head of the Bosch Rexroth Automation and Electrification Solutions Business Unit; right) (Photo: Inga Avshalom Shilian)
Bosch Rexroth – a subsidiary of world renowned German manufacturer Bosch Group – is set to acquire Israeli manufacturer of ultra-advanced servo drives Elmo Motion Control. Bosch and Elmo signed an agreement to that effect on September 4th, 2022. While the companies did not reveal the purchase price, Calcalist reported that the deal is worth $700 million.
Bosch said that Elmo Motion Control’s high performance, extremely space-saving and precise drives complement the Bosch Rexroth product portfolio around the ctrlX AUTOMATION automation platform.
Bosch said that there is a continuously growing demand for smart automation and Industry 4.0 solutions that increase productivity in factories and conserve resources. “Factory automation is a clear focus topic at Bosch Rexroth. We are strengthening our portfolio both organically through the development of innovative products such as ctrlX AUTOMATION and through appropriate acquisitions such as Elmo,” says Thomas Fechner, Head of the Bosch Rexroth Automation and Electrification Solutions Business Unit, of the Elmo Motion Control acquisition. .
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
Founded in 1988 by Haim Monhait, Elmo Motion Control specializes in technologically sophisticated, yet compact servo drives and motion control. These electrical servo drives and motion controllers are built utmost smart and ensure fully certified functional safety. The products fit particular well in the segments semiconductor, electronic manufacturing, electrical industry, robotics, medical, automated guided vehicles (AGV), automatic warehousing, and the packaging and food industry. Based in Petach Tikva, near Tel Aviv, Israel, the company also maintains an assembly site in Poland.
Haim Monhait, founder and owner of Elmo Motion Control, says: “I am very pleased that the Elmo team, our technology and our customers now have a clearer and even more promising path to the future. Elmo joins Bosch Rexroth not only because our products complement each other well – but also because the company pursues a customer-oriented approach in factory automation with convincing growth ambitions. Elmo will continue to create innovative, smart and leading motion control solutions to improve machines performance for the benefit of our customers.”
As a world supplier of drive and control technologies, Bosch Rexroth offers efficient, powerful and safe movement in machines and systems of any size. The company bundles global application experience in the market segments of Mobile Applications, Machinery Applications and Engineering, and Factory Automation. With its intelligent components, customized system solutions and services, Bosch Rexroth boasts that it is creating the necessary environment for fully connected applications.
The Bosch Group is a global supplier of technology and services. It employs roughly 402,600 associates worldwide (as of December 31, 2021). The company generated sales of 78.7 billion euros in 2021.
