Automation mergers, acquisitions, capital markets analysis: April 2024

The Bundy Group reported 10 automation transactions in the month of April. Analysis on the acquisitions and reports are highlighted below.

By Clint Bundy April 25, 2024
Image courtesy: CFE Media and Technology

Bundy Group, an investment bank and advisory firm, provides an update on mergers & acquisitions and capital placement activity for companies that address 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.

April 2024 automation transactions

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.

4/11/24

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.

3/28/24

Orchard Robotics, the company enabling precision crop management with robots and AI, announced their $3.8M raise, across a seed round led by General Catalyst, and a pre-seed led by Contrary. In this oversubscribed round, they are joined by Humba Ventures, Soma Capital, Correlation Ventures, and VU Venture Partners. 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.

3/21/24

SER, a leading global Intelligent Content Automation software vendor in the Enterprise Content Management market, announced that TA Associates, a leading global private equity firm, has agreed to make a strategic growth investment in the Company. SER and Carlyle, an investor in SER since 2018, welcome TA as the new lead investor. 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.

3/11/24

John Henry Foster Minnesota, Inc. a strategic collection of engineers, support and service teams, compressed air experts, and automation and robotics solutions provider, acquired HTE Technologies, a leading automation supplier operating in Kansas, Missouri, and Illinois. To be run as an independent division of JHFOSTER, the company will continue to serve its existing customer base, operate under its existing brand, and remain at its headquarters in St. Louis. Learn more.

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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.


Author Bio: Clint Bundy is managing director, Bundy Group, which helps with mergers, acquisitions and raising capital.