Automated Industrial Robotics Inc. Acquires Robotics & Drives
October 10, 2024
Automated Industrial Robotics Inc. (AIR), a PE-backed industrial automation platform, has acquired Ireland-based Robotics & Drives (RDS). The acquisition, funded primarily by an additional Ares Management private equity fund investment, expands AIR's robotics software and systems design capabilities and strengthens its presence in Europe; terms were not disclosed.
- Buyers
- Automated Industrial Robotics Inc., Ares Management Corporation
- Targets
- Robotics & Drives
- Platforms
- Automated Industrial Robotics Inc.
- Industry
- Industrial Services
- Location
- Ireland
- Transaction Type
- Addon
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