Notice Regarding the Completion of the Acquisition of Shares of Italian Industrial Motor Manufacturer Lafert Group.
Please be informed that on June 25, 2018 Sumitomo Heavy Industries, Ltd. (hereinafter referred to as “SHI” or the “Company”) completed the acquisition of all shares of Lafert S.p.A. (hereinafter referred to as “Lafert”) and its holding company, as described under the “Notice Regarding the Acquisition (subsidiary acquisition) of Italian Industrial Motor Manufacturer Lafert Group and its Shareholding Companies” released on May 25, 2018.
Lafert, established in 1962 at San Donà di Piave, Venezia, Italy, is a provider and industrial innovator of customized Electric Motors and Drives with strategic focus on the areas of Industrial Automation, Energy Saving and Wind Power. Lafert excels in supporting its customers to improve performance and achieve environmentally friendly and energy efficient operation. Also, Lafert has its own state-of-art R&D capability to offer a unique solution to the wide range of industrial customers and produces over 90% of non-standard products to meet customers’ specifications.
With the acquisition of Lafert, SHI will be able to reinforce its strategic position in the electric motors industry and machineries electrification. Both SHI and Lafert are expected to expand the product portfolio and to service a wide range of customers with more comprehensive set of solutions. The Company plans to utilize the technologies derived from Lafert’s research and development activities into its products, with the aim to achieve business expansion in such areas as electric motors, gear motors and servomotors.
With the acquisition of Lafert, SHI will be able to reinforce its strategic position in the electric motors industry and machineries electrification. Both SHI and Lafert are expected to expand the product portfolio and to service a wide range of customers with more comprehensive set of solutions. The Company plans to utilize the technologies derived from Lafert’s research and development activities into its products, with the aim to achieve business expansion in such areas as electric
motors, gear motors and servomotors.