Servotronix exits for $170 million

Chinese electronics giant Midea Group has acquired control of Israel’s Servotronix at a company value of $170 million. Servotronix develops automation solutions focused on motion control for robotics, printing, medical equipment, renewable energy etc. Development will continue in Israel.

http://www.globes.co.il/en/article-chinas-midea-buys-israeli-co-servotronix-1001176475

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