In this article for Control Engineering Magazine, Bundy Group reports 13 notable automation transactions for the month of January and notes the continued growth-oriented nature within the manufacturing and plant management fields.
The automation market continues to experience a tremendous amount of mergers & acquisitions (M&A) and capital markets activity. Drivers of this activity include the growth-oriented nature of the automation market, the consolidation opportunities within the industry, and the strength of many of the companies operating within it. Furthermore, the automation market has attracted a critical mass of strategic buyers and financial sponsors (i.e. private equity groups, family offices, institutional investors) that are looking to own or invest in companies in the industry. From such, Bundy Group closed automation transactions as Ultimation and MR Systems, our team continues to see strong interest from a range of qualified buyers in the automation segment. Further evidence of the robust M&A and capital placement activity in automation is provided in the below list of transactions.
Bundy Group’s current engagements and owner relationships include control system integration, robotics, automated material handling, automation distribution, artificial intelligence, and cybersecurity. This serves as a leading indicator for submarkets our team anticipates closed transactions in over the coming months. We look forward to providing these relevant updates and transaction announcements to Control Engineering magazine readers.
1/17/24
Assystem, an international engineering, digital services and project management company, has acquired 100% of the shares of KEOPS Automation, a French company specializing in the integration of industrial operating platforms and the enhancement of their data (industrial OT and IT, automated systems, supervision systems, BI applied to manufacturing). Learn more.
1/16/24
Synopsys, known primarily for electronic design automation tools used by the semiconductor industry, has acquired Ansys, a maker of complementary simulation and analysis software, for $35 billion, marking the first really big chip sector deal of 2024. This acquisition combines Synopsys’ semiconductor electronic design automation expertise with Ansys’ simulation and analysis portfolio, creating a leader in silicon to systems design solutions. Learn more.
1/11/24
Allient Inc. a global designer and manufacturer of precision and specialty Motion, Controls and Power products and solutions for targeted industries and applications, acquired SNC Manufacturing Co., Inc. SNC a premier designer and global manufacturer of electrical transformers serving blue-chip customers in defense, industrial automation, alternative power generation and energy, including electric utilities and renewable energy. Learn more.
1/11/24
ABB has acquired Swiss start-up Sevensense, a leading 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. Learn more.
1/10/24
Neocis, the global leader in robot-assisted dental implant surgery, has raised $20M in additional funding. This latest round of financing included Mirae Asset Capital/Mirae Asset Venture Investment, venture capital firms affiliated with the Mirae Asset Financial Group that invest in growth-stage healthcare and technology businesses, and NVentures, NVIDIA’s venture capital arm. Learn more.
1/9/24
Burro, a Philadelphia-based autonomous mobility company, closed a $24 million Series B co-led by New York City-based growth equity firm Catalyst Investors and Translink Capital, along with existing investors S2G Ventures, Toyota Ventures, F-Prime Capital, and Cibus Capital. Learn more.
1/9/24
Hastings Equity Partners, a preferred capital partner to founders of lower middle market businesses has acquired JSET Automated Technologies.Founded in 2020 by Eric Tyo and John Sloan, JSET specializes in building automation systems, installation and repairs, and electronic engineering services for data centers. Learn more.
1/8/24
V2X pioneer Danlaw has acquired Australia-based competitor Cohda Wireless, marking a significant milestone in Danlaw’s global expansion initiative, aimed at advancing connected vehicle safety and smart city solutions. Learn more.
1/8/24
Card-Monroe Corp. has acquired Greenville, South Carolina-based automation company Everworks Automation in what proves to be a strategic step forward for both companies. Card-Monroe Corp, based out of Chattanooga, Tennessee, is a leader in tufting technology. Learn more.
12/20/23
Hudson Robotics and Art Robbins Instruments, a global laboratory automation solutions provider, and Argosy Healthcare Partners portfolio company, has acquired Tomtec Inc. Tomtec is a provider of automated liquid handling instruments primarily used for sample preparation in mass spectrometry. Learn more.
12/19/23
First Reserve, a leading global private equity investment firm exclusively focused on investing across diversified energy, infrastructure, and general industrial end-markets, has acquired AP Group LLC a global full-service provider of critical power plant and turbomachinery maintenance services. Financial terms of the transaction were not disclosed. Learn more.
12/15/23
Sukup Manufacturing Co. has acquired Ramco Innovations, a leading automation distributor in the Midwest. The strategic partnership brings together the expertise and resources of the two industry leaders. Sheffield based Sukup is known as an innovator in reliable grain storage, drying and handling solutions. Learn more.
12/1/23
Argosy Private Equity, a lower middle market private equity firm, acquired a controlling interest in Wize Solutions. Wize is a full-service warehouse racking, automation, and lock & door installation company. Founded in 2007 and based in Salt Lake City, Utah, Wize serves manufacturers and distributors across all 50 states as well as Canada, Mexico, Japan and Australia. Learn more.
ONLINE extra
Bundy Group is a boutique investment bank that specializes in representing controls and automation, Internet of Things, and cybersecurity companies in business sales, capital raises, and acquisitions. Over the past 33 years, Bundy Group has advised and closed on over 250 transactions, which includes numerous automation-related transactions. You can learn more at www.bundygroup.com or by contacting Clint Bundy.
