Teco Electric & Machinery to acquire Italy-based Motovario

Own-brand electric machinery and consumer electronics maker Teco Electric & Machinery will acquire a 100% stake in Motovario S.p.A., a Italy-based maker of gear reducers, motors and other power-transmission products, at EUR186.8 million (US$205 million) in a bid to extend development and production from motors to systems in line with development of industry 4.0 (industrial automation), according to Teco.

from DIGITIMES: IT news from Asia http://ift.tt/1SUUA22
via Yuichun