Schaeffler, a billion-dollar German company which supplies bearings and other components to the automotive and aerospace industries, has signed an agreement to acquire all of the shares of Melior Motion.
The acquisition of this supplier of precision gearboxes for robotics and other applications in automation expands the robotics portfolio of the Schaeffler Group’s industrial division.
As automation of simple, repetitive tasks as well as complex mounting and manufacturing processes is progressing rapidly, Schaeffler’s industrial division is expanding its position as a supplier for robotics components and systems. [Read more…] about Schaeffler acquires precision gearbox maker Melior Motion