Excelis Packaging Automation (LFM Capital) Acquires Kraken Automation
December 20, 2024
LFM Capital’s portfolio company SureKap has rebranded as Excelis Packaging Automation and acquired Kraken Automation, a Canada-based specialist in high-speed material handling, case packing and cartoning systems. Financial terms were not disclosed; the acquisition expands Excelis’ turnkey packaging automation capabilities and adds secondary packaging and material-handling expertise to the platform.
- Targets
- Kraken Automation Inc.
- Platforms
- Excelis Packaging Automation
- Industry
- Industrial Services
- Location
- Ontario, Canada
- Transaction Type
- Addon
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