Toshiba Acquires Assets of Elettra Technology Inc.
Toshiba International Corporation (TIC) has announced that a binding agreement is in place to acquire all assets and intellectual property from Elettra Technology Inc. (ETI), a manufacturer of custom electrical industrial motors based in Hamilton, Ontario, Canada. With assets including those from former Westinghouse Motor Company Canada Ltd., the acquisition is a strategic move for TIC to add its strength in the electric motor marketplace and support the growth of TIC’s industrial and infrastructure business.
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