Bosch To Acquire Elmo Motion Control

Bosch to Acquire Elmo Motion Control

The acquisition fits into Bosch Rexroth’s strategy to expand, deepen and accelerate its business in the field of factory automation. Elmo’s joining to Bosch Rexroth is expected to significantly strengthen Bosch Rexroth’s presence in the smart factory, automation and robotics fields.

Bosch and Elmo signed the purchase agreement on September 4th, 2022. The acquisition is expected to be completed in the fourth quarter of 2022, upon obtaining all necessary approvals.

Since 1988, Elmo Motion Control specializes in the development, marketing, sales, production and implementation of innovative and leading solutions in the field of Motion Control.

Elmo’s servo drives and multi-axis motion controllers are integrated by leading machine manufacturers in Israel and around the world in a wide variety of sophisticated, knowledge-intensive industries where there is an utmost need for optimal performance, speed, precision, stability, smoothness of motion, repeatability, and reliability. These industries include semiconductors, robotics, autonomous vehicles (AGVs), electronic manufacturing, robotic surgery, advanced manufacturing processes, automated warehouses, leisure parks and more.

Elmo employs over 330 employees, most of which are in Elmo’s Petah-Tikva factory and are engaged in development, production, sales & marketing, and applied engineering. The company maintains 7 subsidiaries, which are engaged in sales and technical support, and maintain direct and close contact with customers.

Haim Monhait, Elmo’s founder and CEO: “I am proud of Elmo joining the Bosch family. This combination will ensure Elmo’s continued success and growth. I am pleased that Bosch will continue and cultivate Elmo as an Israeli center of excellence, as an Israeli company. I am certain that the dedicated and talented people of Elmo will continue, and exceed, developing and producing innovative, fascinating and leading technologies and products in our industry, and will constantly lead Elmo and themselves to new heights”.

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Bosch Rexroth, a subsidiary of the Bosch group, is a global leader in the field of hydraulics, electric drive and control technology, gear technology and linear motion and assembly technology, including software and interfaces to the Internet of Things. The company`s solutions are emphasizing maximal efficiency, power and safety of operating machines on the production floor. The company employs more than 31,000 people in over 80 countries.

Bosch Rexroth’s and Elmo’s advanced and innovative machine and motion control solutions have complementary synergies, and therefore, the acquisition will strengthen Bosch Rexroth’s capabilities to provide complete and advanced control and drive solutions for the entire production floor of its customers’ smart factories. Elmo’s innovative and leading technologies will also allow Bosch Rexroth to enhance new fields such as semiconductors, robotics, AGVs, and more. For Elmo, the acquisition will enable access to new markets & new customers.

Rothschild & Co. acted as sole financial advisor to Elmo Motion Control and Meitar Law Offices acted as legal counsel to Elmo Motion Control.

About Elmo Motion Control

Elmo Motion Control is a leading manufacturer of innovative motion control technologies, with over 30 years of experience and millions of servo drives operating worldwide in every industry. Elmo's drives, controllers, and integrated motors are designed with emphasis on performance, efficiency, reliability, safety and simplicity. Elmo also produces products for harsh environments that can operate in extreme environmental conditions with temperatures ranging from -40° C to 70° C, altitudes of up to 40,000 feet, and high mechanical shocks or intense vibrations. The company is headquartered in Israel, employs more than 300 staff worldwide, and has a dedicated presence in the UK, USA, Germany, Italy, Switzerland, Poland, China, Korea and Singapore.