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        IMA

Keba acquires servo drive company

MHT-Holding-AG

Austrian automation specialist Keba has acquired LTI Motion and its associate company Heinz Fiege GmbH, suppliers of drive solutions and spindle technology based in Lahnau and Röllbach, Germany.

A corresponding contract between Keba and the seller, Körber AG, based in Hamburg, Germany, was signed recently. Keba says the acquisition strengthens its position in industrial automation, allowing it to become a complete solution provider in the area of industrial automation.

Founded in 1971 as Lust Electronic-Systeme GmbH with headquarters in Lahnau, Germany, LTI Motion has been part of the international technology group Körber since 2013. With several locations in Europe and one location in China, LTI Motion is among the few specialised suppliers of drive solutions for customers in mechanical engineering industries. Heinz Fiege is a specialist for application-oriented spindle technology.

Keba says it has been working with LTI Motion closely in the field of automation solutions for a number of years. Bundling this expertise and the decades of experience and innovative strength of Keba says now with LTI Motion and Heinz Fiege, it will be able to offer a unique market opportunity for both companies. Synergies will exist not only in technology and the modular product system, but also in sales.

MHT-Holding-AG

“The portfolios of Keba and LTI Motion complement each other perfectly,” explains Gerhard Luftensteiner, CEO of Keba. “Keba is a specialist in control and safety, and in operations in industrial environments, LTI Motion in the area of servo drive technology. The great advantage for our existing and future customers is that this expertise is now bundled. Customers will now receive complete solutions from a single source – from operations, control and safety technology, to drive technology – and all this appropriate for their respective industry,” continued Luftensteiner.

With this acquisition, Keba adds that it is rapidly continuing its course of growth, significantly expanding its market position in industrial automation. With the acquisition, its staff strength will grow from 1,200 to over 1,700 employees.

The parties have agreed not to disclose the purchase price. The transaction is expected to close at the end of December 2018.

(IMA)


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