Maxon Motor, the Swiss precision and drive specialist, has added another name to its ever-growing family – Parvalux Electric Motor. As of February 2019, the Parvalux Electric Motors Ltd. operates as a subsidiary of the Maxon Motor Ag.
Parvalux, the family-owned limited company was founded in 1947. It is a member of the Clark Group of companies, based in Birmingham and Bournemouth. The British geared motor manufacturer was acquired by Maxon Motor for an undisclosed sum. The acquisition is a critical turn in Maxon’s portfolio that adds medical technology and industrial automation to its applications along with several other fields.
The Bournemouth-based geared motor manufacturer has been a specialist in producing brushed DC and AC motors, and gearheads for over 70 years. The company has more than 185 employees and currently owns three production sites. Parvalux currently generates an annual revenue of 23 million pounds with contribution from 40% of the output that it exports. The Parvalux acquisition will enable Maxon towards becoming a complete systems and solutions provider. It will also allow Maxon Motors to work with target users by offering customized products for each market.
The recent acquisition has opened new doors of opportunity in medical technologies. Maxon Motors can finally explore the new markets of stairlifts and electric wheelchairs necessary for healthcare facilities across the globe. At the same time, Parvalux is expected to benefit from the global sales network Maxon Motors has already established. It is anticipated to drive growth and profit for the British geared motor manufacturer. The new plans laid in place by the management board after the acquisition includes a planned expansion of the Parvalux workforce. However, it has already been announced that the management board of Parvalux will remain unchanged.
EO, Eugen Elmiger, ‘the company’s aim is to become one of the long-term market leaders, who drive the market trends and offer their customers bespoke services’. With the acquisition, these aims seem quite achievable for the company. ‘I can speak with confidence when I say that Parvalux will contribute to the goal with is high-standard of products and services, and experience, added Dr.Karl-Walter Braun, member of Maxon Motor Executive Board. He also emphasized that Parvalux will prove to be an outstanding addition to the Maxon world over time. The British geared motor manufacturer brings advanced technology with it, including ground-breaking innovations in the field of healthcare, which are worth millions. Several business experts and financial analysts are excited about this acquisition and the prospects it creates.
According to the Parvalux managing director, Nick Spetch, ‘the sale to Maxon Motors gives Parvalux the chance to take our business to the next level. Maxon Motors already has an established pedigree and presence in the global geared motor manufacture market. We are delighted with the opportunities for growth and expansion this acquisition will create’. Parvalux has carved a robust customer base for itself in the last ten years and the new merger is expected to help the family-owned company in exploring new markets in new countries.
Currently, Maxon Motors offers a wide range of brushed DC motors, brushless DC motors, sensors, gears, cables, software, breaks, and controls. After the merger, stakeholders are expecting the Swiss company to step into the world of next-gen medical technology along with perfecting the mechatronic drive systems for its dedicated customer base. Maxon Motors with Parvalux is ready to explore the tracks, aerospace and healthcare fields.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.