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Fusion Capital Partners acquires Tavoron

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Fusion Capital Partners, a lower middle-market private equity firm focused on engineered products and essential services businesses for industrial and commercial markets, has acquired Tavoron, a producer and supplier of industrial automation components, systems and services. Terms of the transaction were not disclosed.

Tavoron, comprised of multiple operating companies across the US and Canada, specializes in innovative electrical and air automation components, robotic systems and compressed air technologies.

The company’s solutions and services are designed to optimize manufacturing processes, improve production quality and enhance workplace safety, helping customers automate complex and repetitive tasks to increase efficiency. [Read more…] about Fusion Capital Partners acquires Tavoron

LG acquires majority stake in Bear Robotics

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LG Electronics has taken a significant step in advancing its robotics capabilities by securing a majority stake in Bear Robotics, a prominent Silicon Valley-based startup specializing in AI-driven autonomous service robots.

This acquisition aligns with LG’s strategy to strengthen its presence in the robotics sector, a key growth area for the company.

LG’s board of directors exercised a call option in January to acquire an additional 30 percent stake in Bear Robotics.
[Read more…] about LG acquires majority stake in Bear Robotics

Zapi Group acquires Ubiquicom

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Zapi Group, a provider of electrification, has acquired Ubiquicom, a specialist in real-time locating systems (RTLS) for manufacturing, transportation and logistics processes.

The acquisition bolsters Zapi Group’s standing as a “comprehensive systems integrator for electrification and warehouse automation”, according to the company.

Zapi Group says its acquisition of Ubiquicom enhances original equipment manufacturers’ access to robust automation solutions that drive safety and efficiency in material handling and manufacturing operations. [Read more…] about Zapi Group acquires Ubiquicom

Siemens acquires Altair Engineering for $10 billion

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Siemens has signed an agreement to acquire Altair Engineering, a provider of software in the industrial simulation and analysis market.

Altair shareholders will receive $113 per share, representing an enterprise value of approximately $10 billion.

The offer price represents a 19 percent premium to Altair’s unaffected closing price on October 21, 2024, the last trading day prior to media reports regarding a possible transaction. [Read more…] about Siemens acquires Altair Engineering for $10 billion

Oman’s Asyad acquires Skybridge to strengthen logistics presence

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Asyad Group, Oman’s end-to-end global logistics provider, has acquired Skybridge Freight Solutions (SFS), a global freight forwarding company.

The landmark acquisition is the group’s first international acquisition in core logistics activities and marks a strategic move to significantly expand Asyad’s footprint through active operations in key trade hubs and the major economies of China, India, the USA and the GCC, supported by unhindered access to SFS’ well-established, dynamic network that covers over 90 geographies across six continents.

Now acquired by Asyad Group, SFS is a premier freight solutions provider offering freight forwarding services across air, sea and land in addition to warehousing and distribution.

[Read more…] about Oman’s Asyad acquires Skybridge to strengthen logistics presence

Siemens to acquire industrial drive technology business of ebm-papst

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German engineering Siemens has signed an agreement to acquire the industrial drive technology (IDT) business of ebm-papst.

The business, which employs around 650 people, includes intelligent, integrated mechatronic systems in the protective extra-low voltage range and innovative motion control systems. These systems are used in free-range driverless transport systems.

The planned acquisition will complement the Siemens Xcelerator portfolio and strengthen Siemens’ position as a leading solutions provider for flexible production automation. [Read more…] about Siemens to acquire industrial drive technology business of ebm-papst

Industrial and packaging specialist Coesia acquires Automation & Modular Components

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Coesia, through its company FlexLink, has closed the acquisition of 100 percent of the share capital of Automation & Modular Components.

Automation & Modular Components, is a manufacturer of material handling automation systems with integrated controls, as well as conveyors for integration into assembly systems and production lines, headquartered in Davisburg, Michigan, USA.

Thanks to its higher load applications, AMC serves a multitude of industries including, Automotive, Food packaging, Medical, Appliance, Metalworking, Electronics, Glass, Pharmaceutical, Alternative Energies, Household Products. [Read more…] about Industrial and packaging specialist Coesia acquires Automation & Modular Components

ABB finalizes acquisition of Sevensense

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ABB has acquired Swiss start-up Sevensense, a provider of AI-enabled 3D vision navigation technology for autonomous mobile robots (AMRs). Sevensense was founded in 2018 as a spin-off from Swiss technical University, ETH Zurich.

Sami Atiya, president of ABB Robotics and Discrete Automation, says: “This marks a significant step towards our vision of a workplace where AI-enabled robots assist people, addressing our customers’ needs for greater flexibility and intelligence amidst critical skilled labor shortages.

“Each mobile robot, equipped with vision and AI, scans a unique part of the building; collectively these robots complement each other’s view to form a complete map, enabling them to work autonomously in a rapidly changing environment.” [Read more…] about ABB finalizes acquisition of Sevensense

Electric Sheep acquires two more landscaping businesses

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Electric Sheep, which says it is creating “the first large-scale outdoor maintenance company powered by artificial intelligence and robotics”, has made two new acquisitions of landscaping businesses – Westar Landscaping and Caliscapes.

This makes four landscaping businesses that Electric Sheep has acquired in recent months.

Electric Sheep is an outdoor maintenance company powered by artificial intelligence and robotics. It acquires traditional outdoor service providers and progressively transforms operations by deploying its proprietary AI software and robots. [Read more…] about Electric Sheep acquires two more landscaping businesses

Emerson completes $8.2 billion acquisition of National Instruments

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Emerson has closed its acquisition of NI, formerly known as National Instruments, a provider of software-connected automated test and measurement systems, at an equity value of $8.2 billion.

The acquisition of NI advances Emerson’s position as a global automation leader and expands its opportunity to capitalise on key secular trends like nearshoring, digital transformation, and sustainability and decarbonisation.

NI brings a portfolio of software, control and intelligent devices that is expected to accelerate Emerson’s revenue growth aligned to its 4-7 percent through the cycle organic growth target. [Read more…] about Emerson completes $8.2 billion acquisition of National Instruments