Generac Holdings Inc., a leading designer and manufacturer of power generation equipment and other engine powered products, announced the signing of an agreement to acquire the assets of Motortech Holding GmbH & Co. KG, a leading global manufacturer of efficient gaseous engine systems for leading global OEMs. The transaction, subject to regulatory approval, is expected to close in the first quarter of 2017.
Founded in 1988 and headquartered in Celle, Germany, Motortech is a leading manufacturer of gaseous-engine control systems and accessories. The company’s gaseous-fuel sub-systems include knock detection, mixers, throttles and various controls, which are sold to European gas-engine manufacturers and to aftermarket customers. Motortech employs over 250 people at its German headquarters, manufacturing plant in Poland and sales offices located in the U.S. 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.”
