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Will Heidenhain take over servo maker SEM?

01 January, 2000

Will Heidenhain take over servo maker SEM?

 

A company sharing directors with measurement and controls supplier Heidenhain (GB) has bought the UK servomotor manufacturer SEM from Bullough for £8m.

SEMís new owner, Westec Holdings, was formed last November with an authorised share capital of £10m, and includes Heidenhainís commercial director Michael Laming as a director.

As Drives & Controls went to press, Heidenhain was not available for comment. Bulloughís sale of SEM is part of a plan to divest its specialist engineering businesses to focus on heating and workplace products.

It has also sold its torque tool manufacturer MMH Engineering to a German company for £4.55m and, as we went to press, was still looking for a buyer for Morley, which makes motors for mines. In the six months to the end of April 1999, SEM recorded a pretax profit of £333,000 on a turnover of £4.675m.




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