Acquisiton of utica companies´ plant engineering business: KUKA becomes number 1 automotive systems supplier in North America
Sterling Heights, Michigan/Augsburg, Germany, April 15, 2013 – KUKA, one of the world's leading suppliers of robotics as well as plant and systems engineering, has acquired the plant engineering business of privately owned Utica Companies, a welding equipment specialist and supplier to the automotive industry located in Shelby Township, Michigan. With this transaction KUKA becomes the Number 1 systems supplier to the North American automotive sector. The acquisition price is in the low double digit million Euro range.
April 15, 2013
This acquisition follows our strategy being Number 1 or 2 in our respective markets. The acquisition does not only add new customers, but will enable us to continue our profitable growth in North America and in Asia
With this acquisition KUKA Systems will leverage its technologies. Moreover, our customers will benefit from an expanded manufacturing footprint, talent pool and knowledge base with greater economies of scale. It also stresses our leadership in welding and other joining technologies. We are excited to welcome the Utica employees joining KUKA.