China’s Midea Acquires Israeli Motion Control Firm Servotronix For $170M

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Chinese consumer appliances maker Midea Group Co., Ltd. has acquired control of Israeli motion control company Servotronix Motion Control Ltd. … Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.