Power equipment manufacturer Generac Holdings Inc. (NYSE: GNRC), Waukesha, WI, has agreed to acquire Motortech Holding GmbH & Co. KG, Celle, Germany. Terms were not disclosed.
Founded in 1988, Motortech manufactures gaseous-engine control systems and accessories. It employs more than 250 people at its German headquarters, manufacturing plant in Poland and sales offices located in the U.S. and China.
"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," said Patrick Forsythe, executive vice president of global engineering at Generac. "It will significantly expand our worldwide spark-ignited engine capabilities, complementing the international growth Generac has experienced."
