In this article for Control Engineering Magazine, Bundy Group provides an update on mergers & acquisitions and capital placement activity in the automation market for the month of December.
To finish out 2022, we wanted to highlight the latest mergers & acquisitions (M&A) and capital placement transactions for the automation segment (see below). From the beginning of 2022 to today, automation solutions-driven organizations were highly sought after by both strategic buyers and financial sponsors (i.e. investment groups; private equity groups; family offices). This robust activity, which occurred during a challenging macroeconomic period, further demonstrates the resilience and energy of the automation market.
With 2023 soon to start, we wanted to offer some observations and predictions for the automation market:
While the above observations are forecasts and not facts, the automation industry fundamentals are strong, and we remain as optimistic as ever regarding this segment. Automation industries can retain and realize attractive valuations, especially when buyers and financial sponsors are pushed to do so in the form of a competitive process. Bundy Group is excited to continue to provide Control Engineering readers with M&A and capital raise market updates for next year.
12/6/22
Synoptek, a leading global business and technology consulting firm, has acquired Optistar Technology Consultants. Optistar is the technology services business division of The Vertex Companies, LLC. The acquisition will be instrumental in expanding Synoptek’s footprint and advancing its capabilities. Learn more.
12/1/22
Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has completed the acquisition of Remote Control Technologies Pty Ltd, an Australian company that provides automation and remote-control solutions for mining customers around the world. Learn more.
12/1/22
Carenet Health, a leading provider of 24/7 and on-demand patient engagement and automation solutions, acquired Stericycle Communication Solutions, an industry leader in patient engagement technology and solutions and a service of Stericycle, Inc. (Nasdaq: SRCL), as part of its strategic vision to create a cohesive patient experience and provide better healthcare for all. Learn more.
12/1/22
Lincoln Electric Holdings, Inc. (Nasdaq: LECO) has signed a definitive agreement to acquire Fori Automation, Inc. Fori Automation was founded in 1984 and is a leading manufacturer of complex, multi-armed automated welding systems. Learn more.
11/30/22
ProMach acquired Ferlo, a manufacturer of automated product handling systems, on Nov. 30. The acquisition will help expand ProMach’s international presence and strengthen its capacity and supply chain partnerships. Learn more.
11/30/22
Zetwerk Manufacturing, the global source of manufacturing across industrial and consumer products, has acquired Unimacts, a leading manufacturing services company operating within various industries including industrial products, material handling, and renewable energy segments. Learn more.
11/30/22
Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, Cohesive Group digital integrator business has acquired Vetasi, a leading international consultancy specializing in enterprise asset management (EAM) solutions, with a strong focus on IBM Maximo. Learn more.
11/29/22
Tempo Automation, Inc., a leading software-accelerated electronics manufacturer, completed its business combination with ACE Convergence Acquisition Corp. (“ACE”) (Nasdaq: ACEV), a special purpose acquisition company traded on Nasdaq. Learn more.
11/29/22
SMA Technologies (“SMA”), a leading provider of automation solutions for financial services, announced the acquisition of VisualCron, an automation, integration and task scheduling tool for Windows environments. Learn more.
11/29/22
Open Systems, a leading provider of next-gen managed detection and response (MDR) services and winner of the 2022 Microsoft Security MSSP Partner of the Year award, acquired Tiberium, a U.K.-based provider of highly automated managed security services based on Microsoft security solutions. Learn more.
11/18/22
Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, announced the strategic acquisition of InTouch Automation, a supplier of Industry 4.0 technologies and complex automated testing equipment critical in the production of automotive seats. Learn more.
10/5/22
DroneDeploy has acquired Rocos, a New Zealand-based robotics software company. The acquisition will enable DroneDeploy customers in construction, energy, agriculture, and more to deploy and orchestrate both aerial and ground robots on their job sites. Learn more.
10/5/22
Two autonomous mobile robot (AMR) vendors have merged into a single unit, saying that the combination of Chelmsford, Massachusetts-based AutoGuide Mobile Robots and the Danish industrial automation firm Mobile Industrial Robots ApS (MiR) will expand both firms’ product portfolios and simplify customer automation projects. Learn more.
Bundy Group is a CFE Media and Technology content partner.
