Schaeffler continues on the path towards supplying the EV industry as they acquire Elmotec Statomat. The company is a leading manufacturer of machinery made for volume production of electric motors so you see where this is going.
Indeed Schaeffler CEO Klaus Rosenfeld considers the acquisition “a further important step to expand our manufacturing expertise in this field and consistently implement our electric mobility strategy”. He added that the acquisition of Elmotec Statomat “will enable us to seamlessly and completely accommodate the industrialization of electric motor construction within our company and close the last remaining technology gap in the production of rotors and stators.”
Elmotec Statomat is an owner-operated company and has specialised in production machinery for electric motor construction for over 60 years. Particularly their scalable winding technologies has set them on top of the field of electric motor production. Wave winding can make the decisive advantage in terms of power density, efficiency, and high-volume production, states a release.
The latter is what Schaeffler has worked on strengthening for some time. The company acquired Compact Dynamics, an electric motor specialist in late 2016 and has since pushed their business into electrification. Schaeffler founded a dedicated e-mobility business unit in 2017 and appointed former Siemens man Jochen Schröder in January (we reported).
Schröder considers the latest acquisition of Elmotec Statomat as an expansion on manufacturing expertise which enables Schaeffler to open up “further potential for growth by producing electric motors and stator production facilities”. He also pointed to Elmotec holding more than 50 individual intellectual property rights in 13 patent classes worldwide.
The acquisition is to be completed during the first quarter of 2019 once all of the closing conditions have been submitted. Both Schaeffler and the electric motor machinery specialist agreed to not disclose the purchasing price.
Schaeffler’s business division E-Mobility is based in Bühl, Baden-Wuerttemberg. Elmotec Statomat has their headquarters in Karben near Frankfurt am Main. Their 200 employees generated sales of around 40 million euros in 2017.