The global site of the UK's leading magazine for automation, motion engineering and power transmission
29 March, 2024

LinkedIn
Twitter
Twitter link

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.

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

As Drives & Controls went to press, Heidenhain was not available for comment. Bullough’s 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.




Magazine
  • To view a digital copy of the latest issue of Drives & Controls, click here.

    To visit the digital library of past issues, click here

    To subscribe to the magazine, click here

     

Poll

"Do you think that robots create or destroy jobs?"

Newsletter
Newsletter

Events

Most Read Articles