Gearbox Manufacturing Giant to Merge with Zhejiang EVERGEAR Drive Co., Ltd.In a significant move that is set to shake up the gear reducer industry, Gearbox Sew Eurodrive has announced its plans to merge with Zhejiang EVERGEAR Drive Co., Ltd., a National High-Tech Enterprise based in China. The merger is expected to create a powerhouse in the gear reducer market, combining the expertise and capabilities of both companies to offer a wider range of products and services to customers around the world.Zhejiang EVERGEAR Drive Co., Ltd. is renowned for its focus on gear reducer R&D, manufacturing, sales, and service of reducer products. The company's leading products include the ER, EK, EF, ES, EH/EB, Q, Z, and other twelve series. With a motor power range of 0.18 ~ 4000KW and nearly ten thousand ratios and serial "EVERGEAR" products to choose from, the company has established itself as a leader in the industry.On the other hand, Gearbox Sew Eurodrive is a global leader in the design and manufacture of gear motors, gear units, and variable speed drives. With a strong presence in the international market, the company has built a reputation for delivering high-quality products and innovative solutions to its customers.By joining forces, the merged entity is poised to offer an even broader range of gear reducer products and solutions, backed by the combined expertise and experience of both companies. This will enable them to better serve the evolving needs of their customers and expand their reach in the global market.The merger is also expected to drive innovation in the gear reducer industry, as the companies combine their R&D capabilities to develop new and advanced products. This will not only benefit their customers but also contribute to the overall advancement of the industry as a whole.Moreover, the merger is set to create new opportunities for growth and expansion for the combined entity. By leveraging their respective strengths and resources, the companies will be able to explore new markets and sectors, further solidifying their position as a leading player in the gear reducer industry.The merger is also expected to bring about operational synergies, leading to greater efficiency and productivity. By streamlining their operations and sharing best practices, the companies will be able to optimize their processes and deliver greater value to their customers.Speaking about the merger, the leadership of both companies expressed their excitement about the potential of the combined entity. They highlighted the complementary nature of their businesses and the shared commitment to excellence, innovation, and customer satisfaction.The leadership also emphasized the importance of the merger in empowering the companies to better meet the evolving needs of their customers. By combining their strengths, they aim to offer a comprehensive portfolio of products and solutions that cater to a wide range of industries and applications.The merger is subject to regulatory approvals and is expected to be completed in the coming months. Once finalized, the combined entity will operate under a new brand name, reflecting the unity of the two companies and their shared vision for the future.In conclusion, the merger between Gearbox Sew Eurodrive and Zhejiang EVERGEAR Drive Co., Ltd. marks a significant development in the gear reducer industry. With the combined expertise, resources, and capabilities of both companies, the merged entity is poised to become a powerhouse in the market, offering a wider range of products and solutions to its customers. This move is set to drive innovation, growth, and operational efficiencies, further cementing the companies' position as leaders in the global gear reducer industry.
Read More
