Rockwell Automation (NYSE: ROK) has agreed to buy packaging systems manufacturer MagneMotion. Financial terms were not disclosed.
MagneMotion, based in Devens, Massachusetts, makes automated conveyor belts and assembly lines for the automotive, packaging and industrial sectors. The target will become part of Rockwell’s motion business after the deal closes.
For Milwaukee, Wisconsin-based Rockwell, the MagneMotion acquisition will complement its 2013 purchase of motion control systems provider Jacobs Automation. Jacobs is known for its iTrak technology brand, which Rockwell said will supplement MagneMotion. iTrak produces motion systems that is designed to make manufacturing processes quicker. Rockwell makes sensors and automated processing systems for the food and beverage, infrastructure and industrial industries.
“We see a future where the transportation of products within the factory, whether inside of a particular machine or between machines, will be fully controlled to optimize the productivity and flexibility of the entire process,” says Rockwell vice president Marco Wishart.
Interest in robot manufacturers has been picking up lately. Arlington Capital Partners is purchasing the defense and security business of iRobot Corp. (Nasdaq: IRBT); Omron Corp. (TYO: 6645) has agreed to buy Adept Technology Inc. (Nasdaq: ADEP); and Sealed Air Corp. (NYSE: SEE) is adding B+ Equipment.
For more on robot trends, see our video Cloud Computing and Robots Will Shine Brightly in 2016. For more on M&A in the space, read Robot & Drone Makers will Draw in Dealmakers and Robots Prove Attractive M&A Targets.