ConMet announces the acquisition of assets focused on e-mobility products from the Saietta Group's Netherlands branch.
With this new agreement, ConMet says it is integrating the intellectual property and employees dedicated to in-wheel motor technology, bolstering ConMet’s eMobility business and product portfolio. Saietta Group, a European-based motor company headquartered in the UK, has been engaged in a joint development agreement with ConMet's engineering team over the past year. The team's close partnership has led to the development of innovative new products, paving the way for the acquisition that aligns seamlessly with ConMet's wheel end and eMobility businesses, the company says.
ConMet is acquiring the team members, office, and testing facilities in the Netherlands from Saietta Group, now known as ConMet Netherlands B.V. and located in Apeldoorn, Netherlands, just an hour from Amsterdam.
[RELATED: Comprehensive industry supplier ConMet continues to evolve beyond the wheel end]
"This marks a significant milestone for ConMet as we expand our eMobility business and embark on a journey of exciting product development opportunities," says ConMet President John Waters. "The integration of Saietta Group's resources and expertise in the Netherlands strengthens our ability to bring innovative solutions to the commercial vehicle industry."
ConMet adds it remains dedicated to its mission of improving its employees' lives and ensuring its customers' success by delivering cutting-edge solutions for commercial vehicles. With this strategic agreement with Saietta Group's Netherlands-based operations, ConMet is well-positioned to lead the charge in the rapidly evolving eMobility sector, the company says.
