Hitachi, Ltd. (TSE: 6501) completed the acquisition of the robotic SI business mainly operated by JR Automation Technologies, LLC , from funds managed by Crestview Partners.
The amount of the deal, announced on April 23, 2019, was $1.425 billion
The new partnership will provide customers with a single-source vendor, combining JR Automation’s expertise in robotic systems integration with Hitachi’s deep skill sets in digital technology and IIoT solutions for manufacturing and distribution.
Established in 1980 and led by CEO Bryan Jones, JR Automation is a provider of intelligent automated manufacturing technology solutions that solve customers’ key operational and productivity challenges. The company serves customers across the globe in a variety of industries, including automotive, life sciences, aerospace, and more.
JR Automation employs over 2,000 people at 23 manufacturing facilities in North America, Europe, and Asia. Headquartered in Tokyo, Japan, Hitachi delivers digital solutions utilizing Lumada in five sectors including Mobility, Smart Life, Industry, Energy and IT.
The company, which had consolidated revenues for fiscal 2018 (ended March 31, 2019), totaled 9,480.6 billion yen ($85.4 billion). It has approximately 296,000 employees worldwide.