Remember this?
Back in 2019, Electric Motor Technologies was expanding - we wrote about how the company bought an additional sales and service operation to grow its own sales/service opportunities and revenues. Today the tables have turned -- and it's Electric Motor Technologies that has been purchased, by Industrial Service Solutions, the national sales and service operation with more than 38 nationwide locations and 1,700+ employees. Per ISS, "Current EMT leadership, employees, and the company’s three Cincinnati, Ohio facilities will continue operations under the May 1, 2024 agreement."
The acquisition was hailed as a win-win by executives of both companies, who cited expanded, enhanced service and new growth opportunities as reasons for the move.
Read the press release here: https://iss-na.com/news/industrial-service-solutions-completes-ohio-rotating-services-acquisition/
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