In line with the company’s objective of stepping up investments in the development of battery-powered products, Emak S.p.A is pleased to announce that it has purchased a 24% minority interest in Raw Power S.r.l.
The move places Emak at the forefront of technological advances in both the development of electric motors and the development of power and control electronics.
Bagnolo in Piano (RE), 19 December 2022 – Emak S.p.A is pleased to announce that it has acquired a stake in Raw Power S.r.l. The company, a spin-off created by the University of Modena and Reggio Emilia, specialises in all aspects relating to the design of power electronics intended for automation and static energy conversion, as well as the design of electric motors and generators.
Raw Power handles all production phases from the design, construction and engineering of the product to its certification and launch on the market.
Emak's development plan envisages major investments in battery-powered products, which are increasingly in demand on the market both due to advantages in technology and significant improvements in the performance of the machines, which has made them increasingly competitive.
This move places Emak at the forefront of technological advances in both the development of electric motors and the development of power and control electronics.
The strong academic pedigree of Raw Power will promote the significant skill upgrading of Emak's workforce and will enable the company to forge an even closer relationship with the University and the industrial research community, besides providing access to high-level training.
Emak has already been operating in the battery-powered product market for some years and is currently concentrating its efforts on expanding its current line dedicated to private customers, as well as introducing additional new ranges designed for different user groups.
"We are proud to announce that our parent company Emak S.p.A has acquired a stake in Raw Power, a company that we have been working in synergy with for some years," said Luigi Bartoli, CEO of Emak Group. "This move will allow us to significantly enhance our fundamental know-how regarding the most important technology of the future, so that we can compete at the highest level in the battery-powered product market, which is continuously and rapidly evolving."
"Raw Power enthusiastically welcomes the agreement reached with Emak, an important partner and a leading market player that complements our company with perfect synergy," commented Danilo David, Chairman of the Board of Directors of Raw Power. "The potential opportunities that will arise from this agreement will enable both companies to drive local development and accelerate the transition towards sustainability, thanks also to the help and support of the young talent that abounds in Motor Valley."
Under the agreement, which will be concluded in the first months of 2023, Emak will increase its share capital in Raw Power to 800,0000 euros, equivalent to a 24% stake in the company.
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