Generac Holdings (GNRC) Enters Agreement to Acquire Germany-Based Motortech
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Generac To Acquire Motortech
November 28, 2016 8:30 AM ESTWAUKESHA, Wis., Nov. 28, 2016 (GLOBE NEWSWIRE) -- Generac Holdings Inc. (NYSE: GNRC) (Generac), a leading designer and manufacturer of power generation equipment and other engine powered products, announced today the signing of an agreement to acquire the assets of Motortech Holding GmbH & Co. KG  (Motortech). The transaction, subject to regulatory approval, is expected to close in the first quarter of 2017.Â
Founded in 1988 and headquartered in Celle, Germany, Motortech is a leading manufacturer of gaseous-engine control systems and accessories. The companys gaseous-fuel sub-systems include knock detection, mixers, throttles and various controls, which are sold to European... More
