Kendrion announces successful completion of INTORQ acquisition

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Overig advies 08/01/2020 13:51
Kendrion today announced that it has completed the acquisition of INTORQ, the manufacturer of spring-applied brakes and electromagnetic brakes and clutches for electrical drive technologies with production sites in Aerzen (Germany), Shanghai (China), Atlanta (USA) and Pune (India). The acquisition was first announced on 5 November 2019.

The combination with INTORQ creates a leading industrial brake company with a full range of high-quality industrial brakes in an expanded number of growth markets in Europe, China, the U.S. and India. Specific end-markets include electric motors, wind power and elevators. Complimentary markets include geared motors, forklifts, cranes and hoists.

Joep van Beurden, Kendrion CEO:
"We are pleased to announce the successful completion of this acquisition. By bringing together the capabilities of Kendrion and INTORQ we are creating a true leading global industrial brake company. Our enhanced market position is expected to benefit both our customers and our employees and gives us the opportunity to further strengthen our focus on opportunities in brakes for industrial automation and robots."

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