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Friday, December 20, 2013

German KUKA intents to buy 51 % stake in Reis Robotics

Credit: KUKA
According to a recent press release from German KUKA, one of the world's largest suppliers of robotics and automated assembly lines, the company has 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.
Credit: Reis Robotics
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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