Saia-Burgess buys Sick/Stegmann’s synchronous motor, gearbox business
Vernon Hills, IL—Saia-Burgess Group has acquired the synchronous motors and motor gearbox divisions of Sick/Stegmann GmbH & Co. KG, as well as a manufacturing site in Poland.
Vernon Hills, IL— Saia-Burgess Group has acquired the synchronous motors and motor gearbox divisions of Sick/Stegmann GmbH & Co. KG, as well as a manufacturing site in Poland. The acquisition will enable Saia-Burgess to expand its synchronous motor offering while generating added annual sales of approximately $10 million.
‘Sick/Stegmann is a well-respected manufacturer of synchronous motors and motor gearbox systems,’ says Daniel Hirschi, Saia-Burgess’ CEO. ‘These products are a great fit for Saia-Burgess and our customers, and provide an ideal addition to our existing base of product solutions.’ Also, the acquisition will enable Saia-Burgess to increase its share of the small synchronous motor market worldwide, with nearly half of the increase expected to come from the HVAC market.
The key products and processes in Sick/Stegmann’s motor and motor gearbox production are similar to those of Saia-Burgess’s industrial actuator business. As a result, all gearbox production will be transferred to Saia-Burgess’ Dresden, Germany-based plant during the next 12 months.
Saia-Burgess is a global manufacturer of sub-fractional horsepower stepper motors, synchronous motors and electromechanical and electronic components and subsystems.
Control Engineering Daily News DeskJim Montague, news email@example.com