Bonfiglioli Riduttori And Comer Announce Powertrain Acquisition
A pair of Italian drivetrain component manufacturers, Bonfiglioli Riduttori in Bologna and Comer Industries, Reggiolo, have announced an agreement in which Bonfiglioli will buy Comer’s electric wheel drive units and planetary wheel drives product lines.
Starting January 1st , 2015, Comer will transfer its entire equity stake dedicated to the production of its electric wheel drive units (electrically operated wheel drives) and planetary wheel drives product lines to Bonfiglioli.
Comer said the sales allows it to concentrate and optimize its resources on “core” product lines for the agricultural and industrial sector, while for Bonfiglioli the acquisition represents an opportunity to expand its range of planetary wheel drives and offering of solutions for electromobility, in particular in the material handling sector.
Comer Industries has an annual turnover of €340 million and 1367 employees while Bonfiglioli Riduttori has a turnover of €614 million and 3335 employees.