ConMet acquires heavy-duty assets from Saietta
By Bradley Osborne - 19th September 2023
Netherlands – Consolidated Metco Inc (“ConMet”) of Vancouver, Washington, USA has bought the Dutch subsidiary of electric powertrain developer Saietta Group plc of Upper Heyford, UK, thus acquiring such assets as its heavy-duty motors and associated facilities.
In late 2021, Saietta – then known primarily for its axial motors for light electric vehicles – acquired E-Traction Europe BV from the “new energy vehicle” subsidiary of Chinese property giant Evergrande. Saietta then developed E-Traction’s intellectual property further, presenting heavy-duty eAxle and central motor concepts at IAA Transportation 2022 in Hanover.
