Sumitomo Heavy Industries has played a significant role in the economic development of Japan for more than a century. SHI’s standing is seen in its participation in an array of projects, products and services around the world. In Europe, SHI has focused its investments on its Power Transmission and Controls Division.
SHI has expanded its business since 2018 by acquiring Italy-based Lafert Group, the region’s leading designer and manufacturer of industrial electric motors. Through its core products, Lafert provides customizable solutions for a range of applications, including industrial machinery, material handling, fans and pumps and renewable energy.
“When companies undertake acquisitions, they usually change branding immediately. We recognized how strong the Lafert’s branding was. We didn’t want to change its DNA. We sent a message that SHI was very proud that we had acquired an Italian company,” said SHI Senior Vice President Shaun Dean.
SHI did not undertake any major changes to Lafert’s corporate structure or work culture in order to minimize any disruptions and maintain efficiency in production. It has so far invested about €90 million.
“We respect and trust each other. And we are investing in that trust. We are here also to show the next generation of Japanese executives what it’s like to work in a global platform. We nurture this precious jewel in order to create a harmonious blend of culture and innovation,” Dean said.
The acquisition of Lafert is a milestone in SHI’s expansion strategy in the electric motors and industrial machines electrification space. Lafert will be the global Competence Centre for research and development of all motors made by Sumitomo Drive Technologies.
In Italy, SHI also operates through SM-Cyclo Italy, a subsidiary of Sumitomo Drive Technologies, which has its European HQ in Munich.