Japan-based Hitachi Ltd. has completed the acquisition of the robotic business mainly operated by Holland-based JR Automation. Financial terms were not disclosed. However, a previous DBusiness report says JR Automation would be acquired for $1.4 billion.
“As we look to the future, we see the opportunity that exists in bringing the cyber world to the physical world and integrating Hitachi’s digital solutions into the systems that we produce,” says Bryan Jones, CEO of JR Automation. “Our partnership with Hitachi is going to allow us to do considerably more for our customers.”
The agreement was announced last April, and the companies have worked together in an effort to execute the customer transition. JR Automation offers robotic system integration, and Hitachi offers artificial intelligence and internet of things manufacturing solutions.
“With JR Automation’s robotic system integration capabilities combined with Hitachi’s digital solutions and technologies, we can provide customers with new, unparalleled value by connecting the whole process,” says Masakazu Aoki, executive vice president and executive officer of Hitachi. “We can now provide our customers with seamless solutions, connecting the entire value chain with data to achieve total optimization.”
Hitachi’s consolidated revenues for fiscal year 2018, which ended on March 31, 2019, were $85.4 billion. The company has about 296,000 employees worldwide.
JR Automation was established in 1980 and provides intelligent automated manufacturing technology solutions for operational and productivity challenges. It employs more than 2,000 people at 23 manufacturing facilities in North America, Europe, and Asia.