maxon takes another step toward being a provider of complete drive systems
maxon motor is excited to announce the acquisition of British gear motor manufacturer Parvalux Electric Motors Ltd. This expands maxon’s product portfolio and introduces new capabilities within the medical technology and industrial automation fields, amongst others.
maxon motor acquired the British-based Parvalux Electric Motors Ltd. Parvalux has been in operation for more than 70 years and offers brushed DC motors, AC motors and gearheads. Covering three production sites across the UK and with more than 185 employees, Parvalux generated revenues of £23 million annually with exports reaching approximately 40% worldwide.
The new technologies available to maxon include AC motors, worm gearboxes and DC drives with power ranges up to 1.5 kW. maxon is also better placed to serve the industry (robotics and transport systems) and medical technology (stair lifts, electric wheelchairs, etc.) markets.
In turn Parvalux benefits from maxon’s global sales network for its continued growth, and plans to expand the business’s workforce. The management board of Parvalux remains unchanged and an agreement to keep the price of the acquisition will remain confidential.
Another alignment between maxon and Parvalux was their vision to provide highly customised solutions tailored to individual customer requisites. maxon’s strategy of long-term sustainable growth is evident in this partnership. “We want to be a long-term market leader in the drives market and offer our customers the best service possible,” says maxon CEO Eugen Elmiger. Chairman of the board of directors Dr. Karl-Walter Braun adds: “I’m confident that Parvalux will contribute to this goal with its know-how and high quality products, and that the company will prove to be an outstanding addition to the maxon world.”
For more information please contact maxon motor Australia tel. + 61 2 9457 7477.