Revere Controls, an engineering system integration and construction services firm, acquired Florida-based Curry Controls, an engineering, panel assembly, and installation services firm. Semios, the leading precision-farming platform for permanent crops, acquired Altrac, developers of an agriculture automation platform enabling farmers to monitor and control important agricultural systems required to produce high-value crops from their computer or mobile device.ĪTS Automation Tooling Systems, an automation solutions provider, acquired Control and Information Management, an industrial automation system integrator based in Ireland. Zebra Technologies, an industrial software provider, acquired Fetch Robotics, a developer of autonomous mobile robots.ĮnVista, a global software, consulting, managed services and automation solutions firm, acquired long-time partner HCM Systems, a systems integrator, specializing in customized, complex highly integrated conveyor and control systems for manufacturing and distribution-centric organizations.Īudax, a private equity group, acquired SJE, a manufacturer and system integrator of control solutions for the water and wastewater sector. SJE, an automation manufacturing firm owned by Audax, acquired LW Allen, a designer, manufacturer, distributor and installer of water and wastewater control systems and treatment pump systems to municipal and industrial customers. Systems Controls, a designer and manufacturer of control panels owned by Comvest Partners, acquired Keystone Electrical Manufacturing, an Iowa-based control systems manufacturing firm. Some 2021 automation transactions follow, newest to oldest. 2021 automation transactions: Systems Control, enVista, ATS Automation The transaction value / revenue multiple for the Fetch Robotics deal was 30.0x, which further validates the premium value assigned to many companies in the robotics market. In the robotics industry, a subsegment of the broader automation space, Zebra Technologies acquired Fetch Robotics in a $290 million transaction. Zebra Technologies acquires Fetch Robotics A recent series of 2021 automation manufacturing acquisitions was led by Audax, a Boston-based financial sponsor, which started with the acquisition of SJE followed then by the immediate add-on acquisition of control systems manufacturer LW Allen. Revere Control Systems acquires Curry ControlsĪn August 2021 control system integration transaction to note is Revere Control Systems’ acquisition of Florida-based Curry Controls, which solidifies Revere as an automation leader in the Southeast. Courtesy: Bundy Group Correctly positioned automation companies can see premium valuationsĪggressive buyer and investor demands place automation-related business owners in a preferred category, and automation companies positioned in a sale or capital raise process maximize chances for significant interest and premium valuations.īefore the pandemic, buyers and investors were taking advantage of controls and automation and Internet of Things (IoT) markets growing.īusiness sale and capital placement transactions through August 2021 are reflective of heightened interests in the automation industry. Drivers pushing growth for automation, controls and instrumentation-related companies include workforce shortages, increase digitalization, monitoring requirements, productivity demands, market education and automation goals, according to Clint Bundy, managing director, Bundy Group, which helps with mergers, acquisitions and raising capital.
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