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An affiliate of private investment firm Angeles Equity Partners has acquired Acieta, a Midwest industrial robotics manufacturer and integrator, from Mitsui & Co. (U.S.A.). Financial details of the deal were not disclosed.
This marks Angeles’ fourth acquisition in the robotics integration sector; it previously acquired RōBEX, Mid-State Engineering, and +Vantage. Angeles said the acquisition of Acieta expands the business’ equipment tending, welding, and palletizing capabilities across a broader set of end markets including agriculture, foundry and die, welding and fabrication, and construction and building products.
Waukesha, Wisc.-based Acieta is a full-service automation solutions provider with systems, controls, and software engineering capabilities developed since its inception in 1983. Acieta said it has installed more than 5,500 robots since it was founded. It is a FANUC Authorized System Integrator employing FANUC Robotics Certified Service Engineers and FANUC Robotics Master Certified Service Engineers.
“Our team is eager to help build what we believe is the country’s most technically capable and experienced automation systems integrator,” said Acieta CEO Robby Komljenovic. “This combination is designed to provide our customers an expanded reach, additional resources, and what we view as unmatched industry experience to advise on optimizing all processes to maximize returns on their robotic equipment investments.”
This transaction represents another key step in Angeles’ strategy to build a scaled robotics integration platform with an expanded manufacturing footprint within critical domestic markets and a broader focus on providing a robust array of robotic applications to a more diverse group of customers. Acieta’s combined 67,000 square-foot manufacturing capacity, located in Council Bluffs, Iowa and Waukesha, Wisc. will continue to operate. Combined with the business’ existing 140,000-square-foot manufacturing operations, the integrated company offers customers significant capacity, products, and services.
“We are excited about the combination of these two great companies and believe in the ongoing growth trajectory of this industry,” said Sam Heischuber, managing director at Angeles Equity Partners. “As the manufacturing and logistics sectors continue to face labor shortages, higher wages, intensifying global competition, and increased manufacturing complexity, the need for a sophisticated, robotics automation systems integrator with a national presence should only increase.”
For more information about acquisitions and investments, head over to The Robot Report‘s financial section.