Tag: subsidiary
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Switzerland’s IAR Group establishes new subsidiary in Germany
The IAR Group from Switzerland, which specializes in industrial automation systems, is expanding and founding a subsidiary in the greater Stuttgart area. The main objective is to sell its self-developed automation modules for loading and unloading processes as well as automated special machines and robot cells on the German market. To this end, a sales…
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Bosch to acquire 12 percent of Husqvarna
Bosch has agreed to acquire shares in the long-established Swedish company Husqvarna. The acquisition will increase its shareholding to roughly 12 percent in the company’s share capital in total. Numbers were not disclosed. Husqvarna is listed on Nasdaq Stockholm. In acquiring these shares today, Bosch intends to strengthen the battery alliance between the two companies.…
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JTEKT subsidiary Koyo acquires Canadian assets of KSR International
Acquisition ‘strengthens JTEKT’s global ECU development capabilities’, says company Koyo Canada, a subsidiary of automotive technology company JTEKT, has acquired the assets of a Halifax, Nova Scotia research and development facility previously owned by KSR International, a Canadian company. The acquisition strengthens JTEKT global engine control unit (ECU) development for vehicle steering and driveline products,…
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North American Electric establishes new subsidiary NAE Automation
North American Electric has established a new, wholly-owned subsidiary – NAE Automation. The company says the new business will provide “complete automation solutions and engineering services”. NAE Automation’s primary focus will be material handling equipment such as conveyors, automatic palletizers and strapping machines.