Automation specialist KEBA acquires LTI Motion
| Subj: Press-releses
Theáinternationally active automation specialist KEBA AG located ináLinz, Austria, acquires LTIáMotion andáHeinz Fiege GmbH, technically leading suppliers ofádrive solutions andáspindle technology based ináLahnau andáRöllbach, Germany. Aácorresponding contract betweenáKEBA AG andátheáseller, Körber AG, based ináHamburg, Germany, was signed onáNovember 15, 2018. This acquisition strengthens KEBAĺs position ináindustrialáautomation.
ôTheáportfolios ofáKEBA andáLTIáMotion complement each other perfectly,ö explains Gerhard Luftensteiner, CEO ofáKEBA AG. ôKEBA is aáspecialist inácontroláandásafety, andáináoperations ináindustrialáenvironments, LTIáMotion inátheáarea ofáservo drive technology. Theágreat advantage foráour existing andáfuture customers is thatáthis expertise is now bundled. Customers willánow receive complete solutions fromáaásingle sourceáŚ fromáoperations, controláandásafety technology, toádrive technologyáŚ andáalláthis appropriate forátheir respective industry,ö continues Luftensteiner.
Founded iná1971áasáLust Electronic-Systeme GmbH witháheadquarters ináLahnau, Germany, LTIáMotion has been part ofátheáinternationalátechnology group Körber sinceá2013. Witháseveralálocations ináEurope andáone location ináChina, LTIáMotion is amongátheáfew specialized suppliers ofádrive solutions forácustomers inádemanding mechanicaláengineering industries. TheáHeinz Fiege GmbH is aáspecialist foráapplication-oriented spindle technology.
KEBA andáLTIáMotion have already been cooperating closely inátheáfield ofáautomation solutions foráaánumber ofáyears. Bundling this expertise andátheádecades ofáexperience andáinnovative strength ofáKEBA, LTIáMotion andáHeinz Fiege GmbH, offers aáunique market opportunity forábothácompanies. Synergies willáexist notáonlyáinátechnology andátheámodular product system, butáalsoáinásales.
ôWe are extremely pleased toáhave aánew strategic owner witháKEBA who, like us, is dedicated toásubjects like innovation andácustomer proximity,ö emphasizes Hartmut Braun, Managing Director ofáLTIáMotion. ôTheámerger is aágreat opportunity forábothácompanies. Theáportfolios ofáKEBA andáLTIáMotion complement each other perfectly. We are convinced thatáwe can offer our customers aásolution portfolio thatágives themáclear competitive advantages inátheir industries.ö
ôLTIáMotion andáHeinz Fiege GmbH are successfulácompanies thatácan demonstrate many years ofáexpertise. They are ideally positioned andáhave anáexperienced andáhighly competent workforce. Naturally, we willáharness theásynergies andájoint strength, butáatátheásame time we willáemphasize continuity inátheámanagement ofáLTIáMotion. It is important toáus thatáLTIáMotionĺs customers continue toáreceive optimalátechnicaláandápersonalásupport, andáultimately benefit fromátheámerger andátheácomplete solution portfolio it creates,ö says Gerhard Luftensteiner.
Witháthis acquisition, KEBA is rapidly continuing its course ofágrowth, significantly expanding its market position ináindustrialáautomation. Withátheáacquisition, theáKEBA Group willágrow fromá1200átoáoverá1700áemployees.
Theáparties have agreed notátoádisclose theápurchase price. Theátransaction is expected toáclose atátheáend ofáDecember 2018.
Source: KEBA AG