To enhance its position in holistic drives, Wittenstein, which specializes in cybertronic motion, is acquiring STXI Motion to expand its capabilities in electronics and software for electric motors.
"Historically, Wittenstein has been known for its customization capabilities and gearbox solutions," explains Clara Sipes, market analyst at global market intelligence firm Interact Analysis. "By purchasing STXI, Wittenstein gains access to the mobile robotics market, but also their standardized portfolio of motors."
Wittenstein’s acquisition, which should take place on April 1, is still subject to approval under antitrust laws.
“STXI Motion’s comprehensive expertise in the fields of electronics and software, in particular, will be an excellent addition to our portfolio,” declares Dr. Bertram Hoffmann, CEO of Wittenstein (Figure 1). STXI Motion is an international player and has its headquarters in Petach Tikva, Israel. It has additional sales locations in Viersen, Germany and near Chicago. The company’s key products are standardized drive systems.
Wittenstein develops products and systems for highly dynamic motion, maximum-precise positioning and smart networking for mechatronic and cybertronic drive technology.
"By combining Wittenstein's customization expertise with STXI's servo portfolio, Wittenstein will be well-positioned to provide semi-custom options that machine builders are seeking," says Blake Griffin, research manager at Interact Analysis. "STXI has historically had a focus on the mobile robotics market, with their standard portfolio being well-positioned for this space. Once Wittenstein enters the market with this portfolio, it is likely they will expand these offerings to feature their gearboxes and custom capabilities, successfully merging these two portfolios."
Wittenstein will likely re-enter the market with STXI's portfolio in the mobile robotics and intralogistics market, predicts Sipes. "Since this market is rapidly growing, this acquisition allows the company to get to market faster, not sacrificing time or money on R&D," she indicates.
With almost 3,000 employees worldwide and sales of $620 million, Wittenstein focuses on technologies relevant to mechatronic drives and comprises six strategic business divisions, developing, producing and selling products such as high-precision servo drives and linear systems, servo systems and motors, as well as cybertronic drive systems for many applications including machine and plant construction, aerospace or oil and gas exploration. Nanotechnology and software components round off the portfolio. With 25 sites in more than 45 countries, the Wittenstein Group is represented in almost every technology and sales market.
About the Author
Mike Bacidore
Editor in Chief
Mike Bacidore is chief editor of Control Design and has been an integral part of the Endeavor Business Media editorial team since 2007. Previously, he was editorial director at Hughes Communications and a portfolio manager of the human resources and labor law areas at Wolters Kluwer. Bacidore holds a BA from the University of Illinois and an MBA from Lake Forest Graduate School of Management. He is an award-winning columnist, earning multiple regional and national awards from the American Society of Business Publication Editors. He may be reached at [email protected]
