Comer Industries grows through the acquisition of two business units:
Benevelli Electric Powertrain Solutions and Sitem Motori Elettrici.
We are proud to announce that Comer Industries grows through the acquisition of two business units: Benevelli Electric Powertrain Solutions and Sitem Motori Elettrici, Emilia-based companies that together count 65 years of entrepreneurial history in motors and transmissions for electric vehicles.
Founded in 1962 by Emidio Benevelli in Rubiera (RE), Benevelli Electric Powertrain Solutions has 60 years of history in the mechanical engineering industry. The company specializes in the design and manufacture of axles and electric drive wheels that offer high efficiency and power density, aimed at providing technologically advanced, compact, lightweight and high-performance solutions.
Headquarter in Castelnovo di Sotto (RE), Sitem Motori Elettrici specializes in the development of electric motors with innovative technologies in rotary or linear configuration (IPM synchronous motors, axial-flow motors, torque motors and ironless motors) as well as more traditional technologies such as SPM synchronous motors, reluctance motors, and traction-oriented asynchronous motors.
For Comer Industries, the acquisition has a twofold objective: to grow in a booming market by enriching the range of products offered through investments in advanced technologies constantly evolving and to preserve the value of Italian excellence in the mechanical sector.
The transaction comes exactly one year after the signing of the agreement to acquire 100% of Walterscheid confirming a goal of constant and strategic developmental growth not only globally but also territorially.
Matteo Storchi, Chairman and CEO comments, “With this operation involving two excellences in a rapidly expanding market, such as that of electric vehicles, the concreteness of our future vision is confirmed”.
Press contact for Walterschied Powertrain Group:
Michael Harant
+49 (2246) 123351
michael.harant@walterscheid.com
About Walterscheid Powertrain Group
The Walterscheid Powertrain Group is a global provider of connected and smart powertrain solutions and complete in-service support for the world’s leading off-highway and industrial equipment manufacturers. The firm continuously develops new technologies and customer solutions which deliver efficiency in the agriculture, construction, mining, utility vehicle and industrial markets and offers through life services for all powertrain products and systems between power source and power applied. With its global platform across 4 continents the Walterscheid Powertrain Group is the technology partner and innovation leader to the global leading OEMs. This together with a comprehensive aftermarket and service offering positions the group for above market long term growth. For more information, please visit https://www.walterscheid-group.com