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Rockwell Automation Inc To Acquire Medium Voltage Drives Business Of Harbin Jiuzhou Electric Co., Ltd.


Tuesday, 7 Aug 2012 08:01am EDT 

Rockwell Automation, Inc. announced it has agreed to purchase the assets of the medium voltage drives business of Harbin Jiuzhou Electric Co., Ltd. The purchase price is RMB 530 million (approximately $83 million U.S. dollars). Closing is expected in October. The acquisition strengthens Rockwell Automation’s presence in the Asia-Pacific motor control market by adding significant capabilities in design, engineering and manufacturing of medium voltage drive products. It also provides access to grid-tie inverter technology. Jiuzhou has successfully served as Rockwell Automation’s contract manufacturer for seven years, in addition to its own well-established customer base. 

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25 Jul 2014