In 1997 as a result of privatisation ELEKTRIM S.A., Warsaw became an owner of 70% of company's shares. The same year ELEKTRIM decided to form a capital group Elektrim-Motor on a basis of domestic manufacturers of electric motors, including also Besel, Indukta and Celma.
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Cantoni Motor Elektrim
In years 2000-2002 companies from Elektrim-Motor group, including EMIT, were taken over by Electropol Cantoni, Milano Italy and Interelectra Holding, Luxembourg. The factory receipt name Zakład Maszyn Elektrycznych 'EMIT' S.A. In 2002 on the basis of manufacturing plants and Cantoni Motor export sales office in Warsaw, the Cantoni Group was founded - the biggest manufacturer and supplier of electric motors and electric drives in Poland.
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