Generac Completes Acquisition of MOTORTECH
January 03 2017 - 8:30AM
Generac Holdings Inc. (NYSE:GNRC) (“Generac”), a leading designer
and manufacturer of power generation equipment and other engine
powered products, announced today it successfully closed the
acquisition of Motortech Holding GmbH & Co. KG
(“Motortech”). As previously reported on November 28, 2016,
the transaction had been pending regulatory approval. 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.
About Generac
Since 1959, Generac has been a leading designer and manufacturer
of a wide range of power generation equipment and other engine
powered products. As a leader in power equipment serving
residential, light commercial and industrial markets, Generac's
power products are available globally through a broad network of
independent dealers, distributors, retailers, wholesalers and
equipment rental companies, as well as sold direct to certain end
user customers. For more information, go to
www.generac.com.
About Motortech
Motortech was founded by the Virchow family in 1988 in Celle,
near Hannover, Germany. The company started as a service and
distribution organization, specializing in engine-replacement parts
and stationary, gas-engine accessories. Today, the company has
evolved into a leading global manufacturer of efficient gaseous
engine systems for leading global OEMs. For more information, go to
www.motortech.de.
CONTACT:
Michael W. Harris
Vice President – Finance and Investor Relations
(262) 544-4811 x2675
Michael.Harris@Generac.com
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