Germany’s Bosch to acquire Israel’s Elmo Motion Control for USD 700 million
Israeli company Elmo Motion Control is being acquired by German corporation Bosch for USD 700 million.
Founded in 1988 by Haim Monhait, who still serves as its CEO, Elmo develops motion control intelligence solutions. The company designs and manufactures ultra-advanced servo drives and network motion controllers that are integrated into a wide variety of applications from industrial to extreme environment automation.
Elmo will remain based in Israel, with its employees to become part of Bosch. Several companies are believed to have bid for Elmo, with Rockwell Automation, which is traded on Nasdaq with a market cap of around USD 27 billion, one of the companies interested in acquiring the Israeli company.
The Meitar team advising Elmo included David Glatt, Dorin Pendus, Niva Barg Livnat, Dr. Michael Bricker, Yarden Hadar, Victor Terner and Lior Adiv.
S. Horowitz acted for Robert Bosch, led by a team across Cororate, Employment, Data Protection, Antitrust, and more – all led by partners Clifford Davis, Keith Shaw and Phillip Waldoks, together with partners Hagai Doron and Ofir Pozner associates Adam Levitan, Eti Wissotzky-Cohen, Daniel Ovadia, Stav Ben Hamo David Silber and Avi Sarvianski.
