Drive technology

Günter Herkommer,

US group takes over Heidrive

The Munich-based private equity company Palero Invest has sold its shares in Heidrive. The buyer is the US drive technology specialist Allied Motion Technologies.

Heidrive will continue to be managed by Helmut Pirthauer (CEO, left) and Steffen Hirsch (CFO, right). In the center of the picture: Richard S. Warzala, Chairman of the Board and CEO of Allied Motion.

© Heidrive

Palero Invest owned Heidrive for almost two years. During this time, the Kelheim-based company further developed its product portfolio, particularly in servo technology. The buyer, Allied Motion Technologies, is an international manufacturer of drive technology products based in the US state of New York. With additional locations in the US states of Ohio, Michigan and Alabama, branches in Mexico and China as well as European locations in the Netherlands, Sweden and Portugal, the Group has a strong international presence. The company emerged from the Hathaway Corporation, which has been active in the energy monitoring sector since the 1960s. In 2002, it sold the energy and process equipment division, which has since been operating under the new name Allied Motion Technologies.

With the acquisition of Heidrive, the US group now wants to strengthen its presence in Europe. The aim is to open up new markets and gain development expertise from Heidrive's drive technology experts at the existing sites in Kelheim (Bavaria) and Mrákov (Czech Republic).

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