Automated Industrial Robotics, a Los Angeles, CA-based industrial automation company focused on acquiring and facilitating the growth of industrial automation companies, announced the acquisition of Robotics & Drives, a Mullingar, Ireland-based industrial automation company.
The amount of the deal was not disclosed.
The acquisition will further reinforce AIR’s presence in Europe and its ability to integrate robotics solutions into its automated systems. The transaction was funded primarily by an additional investment from an Ares Management Private Equity fund. In connection with this acquisition, AIR announced appointment of Vivian Farrell to the role of President of AIR, Ireland. Ms. Farrell is the current CEO of Modular Automation, which was acquired by AIR in 2023. In her expanded role, Ms. Farrell will oversee the implementation of AIR’s organic and inorganic growth strategy across all of the company’s business units in Ireland, including Modular and RDS.
Founded in 2005 by Ken McNevin, Stephen Nolan and Sharon McNevin, RDS develops intelligent robotics solutions used to specific customer needs with the goal of increasing quality, efficiencies and competitiveness. In addition to these solutions, the company delivers a wide range of standardized robotic offerings that are easy-to-install and mobilized with minimal downtime. With customers across various sectors, including CPG, food and beverage, medical devices, personal care, pharmaceutical and industrial cloud solutions, RDS operates out of a 32,000-square-foot facility in Mullingar that also serves as an integrated robotics training center.
Led by CEO Darragh de Stonndún, AIR is an industrial automation company focused on acquiring and facilitating the growth of industrial automation companies serving diverse end markets. It seeks to leverage complementary teams and technologies to deliver solutions to address the complex and challenging needs of global businesses. With over 500 employees, AIR is currently serving a global customer base across four facilities located in the United States, Ireland and the United Kingdom.
FinSMEs
08/10/2024