MA micro automation will be under operation of JR Automation.The acquisition expands JR Automation's reach into global automation markets in medical, advanced battery and other fields.
HOLLAND, Mich., Sept. 30, 2024 /PRNewswire/ -- Hitachi Ltd. (TSE: 6501, "Hitachi") has completed the acquisition of MA micro automation GmbH ("MA micro automation", headquartered in St. Leon-Rot, Germany), a leading provider of robotic and automation technology. MA micro automation will be under operation of JR Automation Technologies, LLC ("JR Automation") to grow the company's reach in the global advanced automation market, such as Europe, North America, and Southeast Asia. Hitachi and MAX Management GmbH (the seller, a subsidiary of MAX Automation SE) signed a stock purchase agreement in April, 2024, and pursuant to this agreement finalized the deal on September 30, 2024. Both JR Automation and MA micro automation have strong, recognized brands and will continue to do business under their existing names.
The information provided here is not subject to any editorial processing. It is prepared fully automatically and enriched with additional information and further research options. The aim of the content is to provide information seekers with the relevant information quickly and easily. A link back to the information provider and owner ensures that the data prepared here can be compared with the source information if required. The newsboard does not show information in real time. Please contact the exchange operator for this information if required. There is no claim to completeness. High availability cannot be guaranteed. If you notice any errors in the functionality, please let us know using the "Report a Bug" form below.
RAW DATA PROCESSING means that raw data is processed without changing the content. The data is supplemented to improve the interpretation of the information in terms of usability.
Note: The newswire cross-link panel at the top allows you to quickly and easily access additional sources of information. In the terminal view, the news is filtered at company level and enables targeted searches.
On behalf of the trading community, we would like to thank the operators of the trading venues for providing information services.