WITTENSTEIN has the necessary expertise to develop holistic drive solutions for its customers. To enhance its position in this field even further, the specialist in cybertronic motion now plans the acquisition of STXI Motion Ltd., which will expand its capabilities in electronics and software for electric motors.
WITTENSTEIN SE plans to acquire a majority stake in the company. The contract has already been signed by both parties. The targeted closure, which should take place on April 1, 2026, is still subject to approval under antitrust laws.
“STXI Motion’s comprehensive expertise in the fields of electronics and software, in particular, will be an excellent addition to our portfolio,” declares Dr. Bertram Hoffmann, CEO of WITTENSTEIN SE.
STXI Motion is already an international player and has its headquarters in Petach Tikva, Israel. It has further sales locations in Viersen in Germany and near Chicago in the USA. The company’s key products are standardized drive systems in the high performance product general segment.
The parties have agreed not to disclose the purchase price.
For more information visit: wittenstein.de