Generac Holdings, a leading designer and manufacturer of power generation equipment, pumps, light towers and other engine-powered products, has signed an agreement to acquire the assets of Motortech Holdings GmbH & Co, a leading Germany-based manufacturer of gaseous-engine control systems and accessories. The transaction, subject to regulatory approval, is expected to close in the first quarter of 2017.
Motortech was founded in 1988 and headquartered in Celle, Germany. Motortech’s gaseous-fuel sub-systems include knock detection, mixers, throttles and various controls that are sold to European gas-engine manufacturers and to after-market customers. Motortech employs more than 250 people at its headquarters in Germany, manufacturing plant in Poland and sales offices in the United States and China.
“By combining resources and technology, Generac and Motortech will lead the industry in innovative, spark-ignited engine generator offerings,” said Patrick Forsythe, executive vice president of global engineering at Generac. “This acquisition allows Generac to expand its global market for gaseous products beyond standby generators, and it aligns with our strategy of gas power-generation leadership. It will significantly expand our worldwide spark-ignited engine capabilities, complementing the international growth Generac has experienced.”
“This is a very exciting transaction for Motortech,” added Florian Virchow, Motortech CEO. “The integration into Generac will create broader product-application markets globally, and is expected to bring meaningful opportunities to improve our product costs and ultimately the value we bring to our customers.”
The Virchow family and Motortech’s current management team will continue to lead Motortech business after the acquisition is finalized.
Generac is based in Waukesha, Wis.