Ideal Electric makes major acquisition
27 June 2023
Deal includes Louis Allis, Beloit Power Systems, Fairbanks Morse, Colt Industries
Ideal Electric Co., a maker of high-power, specialty electric motors, generators, condensers, converters, power systems, and controls, has acquired Louis Allis Large Synchronous Machines and Louis Allis Large Induction Motors product lines.
In addition, the acquisition grants Ideal rights to certain intellectual property related to Beloit Power Systems Motors and…
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