Hitachi has completed the acquisition of the robotic system integration business mainly operated by JR Automation from funds managed by Crestview Partners.
The agreement to acquire JR Automation was announced on April 23, 2019 and the companies have now brought this deal to a successful conclusion.
JR Automation and Hitachi have been closely engaged throughout the integration process leading to the closing, working together to ensure a “seamless transition” for their customers.
JR Automation and Hitachi share common values that will strengthen and accelerate the partnership and help quickly pair JR Automation’s global strengths in robotic system integration with Hitachi’s skillsets in artificial intelligence and internet of things solutions for manufacturing.
Bryan Jones, CEO of JR Automation, says: “It’s uplifting to see how closely our two companies are aligned and I’m excited about what the opportunities are going forward.
“As we look to the future, we see the opportunity that exists in bringing the cyber world to the physical world and integrating Hitachi’s digital solutions into the systems that we produce.
“Our partnership with Hitachi is going to allow us to do considerably more for our customers.
“However, as excited as we are about our future we also want to be mindful about our past and on behalf of everyone at JR Automation, I would like to thank the team at Crestview and outgoing chairman, Mike DuBose, for their outstanding partnership during a period of dramatic global growth and evolution for JR Automation.”
Masakazu Aoki, executive vice president and executive officer of Hitachi, says: “With JR Automation’s robotic system integration capabilities, combined with Hitachi’s digital solutions and technologies, we can provide customers with new, unparalleled value by connecting the whole process.
“We can now provide our customers with seamless solutions, connecting the entire value chain with data to achieve total optimization.”
Jun Abe, vice president and executive officer, CEO of industry and distribution business unit of Hitachi, says: “Customers in the manufacturing and distribution industries are always thinking about how to speed up their businesses in a diversifying and increasingly sophisticated business environment.
“Through our partnership with JR Automation, we aim to become the best solution partner for industrial customers worldwide.”