Elica completed the acquisition of EMC and CPS

Image by Gerd Altmann from Pixabay

Elica completed its acquisition of 100% of the share capital of Electric Motors Company (EMC) and CPS. “I am proud to announce the completion of the acquisition of EMC and CPS, European leaders in the design and manufacture of electric motors, domestic cooker hood fan systems, pellet stove fans and motors for medical applications – said Luca Barboni, Managing Director of FIME, Motors Division of Elica Group -. This transaction will allow us to seize significant opportunities in terms of internationalisation and new business development, and fits perfectly into the growth strategy of the Motors business”. In 2020, EMC and CPS reported pro-forma net revenues of 21.4 million euro (up 22.6% on the previous year). Payment for the purchase of 100% of EMC and CPS amounts to 31 million euro.