In this article for Plant Engineering Magazine, Bundy Group delves into the nine automation transactions for the month of April, noting several attractive qualities of the automation and industrial technology sectors that have drawn in various strategic buyers and financial sponsors.
The automation and industrial technology markets continue 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 and industrial technology markets, the consolidation opportunities within these industries, and the strength of many of the companies operating within them. Furthermore, the automation and industrial technology sectors have 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 industries. From such, Bundy Group closed transactions as Ultimation and Industrial Electric Machinery, our team continues to see strong interest from a range of qualified buyers in the automation, industrial technology and plant management segments. Further evidence of the robust M&A and capital placement activity is provided in the below list of transactions.
Bundy Group’s current engagements and owner relationships include control system integration, automated material handling, automation distribution, industrial services, and electrical services. This serves as a leading indicator for industries our team anticipates closed transactions in over the coming months. We look forward to providing these relevant updates to Plant Engineering magazine readers.
4/21/24
Siemens AG has signed an agreement to acquire the industrial drive technology (IDT) business of ebm-papst. The business, which employs around 650 people, includes intelligent, integrated mechatronic systems in the protective extra-low voltage range and innovative motion control systems. The planned acquisition will complement the Siemens Xcelerator portfolio and strengthen Siemens’ position as a leading solutions provider for flexible production automation. Learn more.
4/16/24
Mangrove Equity Partners announced its investment in NORMco Pump & Power, LLC headquartered in Shawnee, OK. Founded in 2013 by Nathan and Vera Hanks, NORMco specializes in manufacturing and renting portable, industrial pumps for water transfer applications. Recognized for reliability and exceptional service, NORMco targets water transfer providers in the Permian Basin and seeks a strategic partner to facilitate future growth. Learn more.
4/11/24
Graham Partners, an investment firm focusing on advanced manufacturing, has acquired E Tech Group. Based in West Chester, Ohio, E Tech is an industrial automation systems integrator serving various end markets, including life sciences, data centers, consumer packaged goods, and industrial sectors. E Tech collaborates with customers for integration and ongoing operational support of automation solutions in regulated environments. Learn more.
4/8/24
Industrial Device Investments, LLC has initiated a strategic partnership with Wasik Associates, LLC, a leading manufacturer of Electron Beam Processing Systems in Dracut, Massachusetts. Under the leadership of Tom Wasik, the third-generation owner, this collaboration aims to drive technological advancement and market expansion. Learn more.
4/1/24
Lincoln Electric Holdings, Inc. has acquired RedViking, a privately held automation system integrator based in Plymouth, Michigan, U.S. RedViking specializes in the development and integration of state-of-the-art autonomous guided vehicles (AGVs) and mobile robots, custom assembly and dynamic test systems, and proprietary manufacturing execution system (MES) software. Learn more.
3/26/24
Rhino Tool House has acquired industrial solution provider MP Industrial in Tacoma, Washington. Mike Madden and MP Industrial team have been providing a wide range of assembly tools and custom material handling products to meet manufacturing needs in the Western United States since 2008. MPI started in Tacoma, WA and has continued expanding throughout the western United States, as far south as Texas. Learn more.
3/26/24
VINCI Energies acquires Premiere Automation LLC., an Industrial Controls and Robotics specialist in the USA with their office in Charleston, South Carolina. Premiere Automation provides Project Management, Controls and Robotics Integration and Training Services for clients in the Automotive Industry. Learn more.
3/20/24
Sonepar has entered into an agreement to acquire the Michigan-based distributors, Madison Electric Company and Standard Electric Company. Family-owned and operated since Madison’s founding in 1914, and Standard’s in 1929, Madison and Standard are full-line distributors of electrical and industrial products and services to its contractor and industrial customers, and distribute into, and service, the HVAC and plumbing markets. Learn more.
3/18/24
Fortifi Food Processing Solutions, a leading platform of food processing equipment and automation solutions, has completed its acquisition of REICH Thermoprozesstechnik GmbH, a leader in thermoprocessing systems for red meat, fish, poultry, cheese, pet food, and other food markets. REICH joins a platform that includes other leading brands, such as Bettcher Industries, Frontmatec, and MHM Automation. Learn more.
