KUKA plans to acquire majority stake in Reis Robotics

Augsburg/Obernburg am Main, December 13, 2013 – KUKA, one of the world's largest suppliers of robotics and automated assembly lines today signed a letter of intent outlining its intention to acquire an interest in Reis Robotics. KUKA proposes to purchase a 51-percent stake in Reis Robotics with an option to acquire additional shares. The Reis family is currently the company' sole owner and will retain a 49-percent share upon deal closing. The parties have agreed not to disclose other details about the transaction, which is subject to approval by the antitrust authorities

13 December 2013

Reis Group Holding GmbH generates revenues of about 130 million euro with 1,300 employees. The company's major entity, Reis GmbH and Co. KG Maschinenfabrik, employs about 850 people and is based in Obernburg near Frankfurt am Main. The company's second-largest facility, in Kunshan China, has about 200 employees. In total, the Group has twenty locations worldwide. Reis is a systems integrator, as well as developer and maker of industrial robots and robot controllers for a wide range of market sectors. The company applies robots and systems in numerous industrial processes such as welding, cutting and laser machining, as well making castings and plastic components. The Group supplies to a variety of sectors; from automotive to chemicals, electronics and white goods.

Dr. Till Reuter, CEO of KUKA AG, explains: "Reis is an excellent fit for KUKA's long term strategy. We want to penetrate new general industry sectors together and above all, expand our presence in China. We also see considerable potential for joint product development."

Dr. Eberhard Kroth, spokesman of Reis Group Holding GmbH says: "In KUKA, we have found the right partner to further strengthen the outstanding market position of our family enterprise. Reis stands for innovation strength and outstanding product quality – our technological standards and customer commitment tie us to KUKA."

ABOUT REIS GROUP HOLDING GMBH

Reis Robotics is a technology leading robotics specialist and systems integrator. Reis Group Holding GmbH, headquartered in Obernburg am Main, conducts business internationally and is the market leader in automation systems that include both Reis and other manufacturers' robots. Reis Robotics designs and supplies complete automation systems from a single source and is currently one of the key integrators of large, complex automation systems in all leading industrial sectors. Its broad product portfolio consists of specialty robots and many automation components for welding, laser processing and casting systems. The company's growth since 1957 is based on its expertise in planning, designing and building turnkey automation systems. Based on its experience with a wide variety of industrial processes (conventional and laser welding/cutting, casting, handling, coating, assembling, etc.), Reis also offers the services required to offer automation solutions in these sectors.
 

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