Who owns Saietta Group?

The company focused on producing electric motors and drive systems for various vehicles, including motorcycles and larger automotive applications. One of Saietta’s key products is the Axial Flux Traction (AFT) motor, known for its compact design and efficiency, aimed at offering solutions for industries looking to adopt electric propulsion systems.

Administration and acquisition

Despite its focus on the electric vehicle (EV) sector, Saietta Group recently encountered financial difficulties, leading to the company entering administration. As part of the administration process, EXEDY Group, a Japan-based global automotive parts manufacturer, acquired Saietta's assets and intellectual property rights.

EXEDY is well-known for manufacturing clutch systems and torque converters, primarily for vehicles with internal combustion engines. However, with the automotive industry's growing shift towards electrification, EXEDY identified the strategic value in acquiring Saietta’s electric motor technology.

The acquisition of Saietta’s assets and intellectual property is consistent with EXEDY's broader strategy to diversify its operations in response to the evolving automotive landscape. By incorporating Saietta’s AFT motor and related technologies, EXEDY aims to expand its product portfolio to include electric propulsion solutions. Although EXEDY has not disclosed specific plans for how it will utilise Saietta's technology, the acquisition ensures that these innovations will be developed within a larger, established manufacturing framework.

With this acquisition, Saietta Group, as an independent entity, ceases to exist in its previous form. EXEDY's purchase marks the end of Saietta's operations as a standalone company, but its technology will likely continue to be developed and potentially expanded under the new ownership. The acquisition reflects EXEDY's commitment to adapting to the industry's shift towards electrification, securing its position in the future of automotive technology.