Already with the expertise to develop holistic drive solutions for its customers, WITTENSTEIN will enhance its position in this field even further with the acquisition of STXI Motion Ltd. This will expand its capabilities in electronics and software for electric motors.
WITTENSTEIN SE plans to acquire a majority stake in the company. The contract has already been signed by both parties.
“STXI Motion’s comprehensive expertise in the fields of electronics and software, in particular, will be an excellent addition to our portfolio,” declares Dr. Bertram Hoffmann, CEO of WITTENSTEIN SE.
Dr. Bertram Hoffmann, CEO of WITTENSTEIN SE
STXI Motion is already an international player and has its headquarters in Petach Tikva, Israel. It has further sales locations in Viersen in Germany and near Chicago in the USA. The company’s key products are standardized drive systems in the high performance product general segment.
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