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 January.
With 2023 now in full swing, the automation solutions segment is well positioned for another robust year in terms of M&A and capital placement activity. While existing macroeconomic headwinds present some challenges, the Bundy Group team continues to be very optimistic about the growth of the automation market and the M&A and capital activity tied to the segment.
Some interesting points to note as we begin 2023:
The Bundy Group team is excited to continue our relationship with Control Engineering magazine in 2023 and providing its readers with updates on market trends and latest transactions. We anticipate a healthy number of business sale and capital raise transactions that will be announced in the coming months. Keep an eye out on future Control Engineering publications.
Barcoding, Inc., the leader in supply chain efficiency, accuracy, and connectivity, announced its acquisition of FRED Automation, Inc., an automated guided vehicle (AGV) company. This acquisition represents continued expansion and investment in industrial automation for Barcoding, Inc. Learn more.
GrayMatter is excited to announce the expansion of its Industrial Intelligence Platform of premiere industrial technology solution providers with the strategic merger of Columbus, Ohio-based Phantom Technical Services, Inc. Learn more.
Triad Technologies, LLC completed the acquisition of Industrial Service Products, LLC on December 30, 2022. ISP is a value-added distributor of custom fabricated hose, valves, fittings and other related products for the safe, efficient transfer of liquid and dry goods to a wide array of industrial customers. Learn more.
VINCI Energies is acquiring the Norwegian company Otera AS and its subsidiaries from Roadworks AS and Å Energi AS. This transaction will enable VINCI Energies to strengthen and expand its offer and expertise in Norway through its Omexom brand, with ownership of one of the leading companies in the sector. Learn more.
Cloud-based data warehouse company Snowflake has agreed to acquire artificial intelligence-based time series forecasting platform provider Myst AI. Learn more.
Lundquist Consulting was acquired by Stellex Capital Management for an undisclosed amount. Developer of bankruptcy process automation software intended for the mortgage, auto, bankcard, enterprise financial, fintech, cable/telecom and debt-buying industries. Learn more.
Supply Chain Equity Partners (“SCEP”) announced the sale of its portfolio company Air Hydro Power (“AHP”) to Houchens Industries, a diversified holding company. SCEP was a minority investor in AHP. AHP’s management team had majority control. Learn more.
Photonis, a global leader of highly differentiated technology for defence and industrial markets, held by HLD since 2021, has signed a definitive agreement to acquire Xenics, a specialist developer and manufacturer of leading-edge infrared solutions. Learn more.
Carlson Private Capital Partners (“CPC”),has made a significant investment in founder-owned Thermo Systems based in East Windsor, NJ. Thermo Systems is a global automation control systems integrator for applications across the data center, life sciences and district energy end markets. Learn more.
Thomson Reuters Corporation (“Thomson Reuters”) (NYSE / TSX: TRI) has signed a definitive agreement to acquire SurePrep, LLC (“SurePrep”), a US-based leader in 1040 tax automation software and services, for $500 million in cash (the “Proposed Transaction”). Learn more.
Bundy Group is a CFE Media and Technology content partner.