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Linz (A) International automation specialist Keba AG, based in Linz, acquires LTI Motion and Heinz Fiege GmbH, leading technology providers for drive solutions and pin technologies based in Lahnau and Röllbach / Germany. An agreement between Keba AG and the seller, Körber AG, based in Hamburg / Germany, has been signed. With this acquisition, Keba AG is strengthening its position in industrial automation.
"The portfolios of Keba and LTI Motion complement each other perfectly," says Gerhard Luftensteiner, CEO of Keba AG. "Keba is a specialist in control and safety as well as industrial applications, LTI Motion in the field of servo drive technology, and the big advantage for our current and future customers is that these skills are now grouped together. now complete solutions from a single source, ranging from operations to control and safety technology, to control technology, and that fit perfectly into your industry. 39, activity, "continues Luftensteiner.
Founded in 1971 under the name of Lust Electronic-Systeme GmbH, headquartered in Lahnau / Germany, LTI Motion has been part of the international Körber technology group since 2013. With several locations in Europe and a site in China, LTI Motion is the a specialized supplier of drive solutions for demanding customers in the mechanical engineering sector. Heinz Fiege GmbH is a specialist in application-related pin technology.
Keba and LTI Motion have been working closely together for many years in the field of automation solutions. The pooling of know-how and decades of experience and strength of innovation Keba, LTI Motion and Heinz Fiege GmbH offers a unique market opportunity for both companies. There will be synergies not only in technology and in the product kit, but also in sales.
"We are very pleased to have a new strategic owner at KEBA, which, like us, is committed to innovation and proximity to customers," said Hartmut Braun, managing director of LTI Motion. "The merger is a great opportunity for both companies, Keba's and LTI Motion's portfolios complement each other perfectly and we believe that we offer our clients a portfolio of solutions that will give them a clear competitive advantage in their industries."
"LTI Motion and Heinz Fiege GmbH are successful companies with many years of experience, are ideally positioned and have experienced and highly skilled staff, and we will, of course, benefit from synergies and strength. combined with the continuity of LTI Motion's management It is important to us that LTI Motion's customers are optimally supported, both technologically and personally, and benefit from the long-term success of LTI Motion. the resulting total portfolio of solutions, "says Gerhard Luftensteiner.
With this acquisition, Keba is growing rapidly and significantly increasing its position in the industrial automation market. The Keba group is growing from 1,200 to more than 1,700 employees.
Silence was agreed on the purchase price. Closing is scheduled for the end of December 2018.
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