The HAHN Group, a provider of factory automation and robotic solutions, has acquired REI Automation to expand its presence in the United States.
The takeover was effective as of November 1, 2019. With the REI Automation based in Columbia, South Carolina, the HAHN Group adds a hub in the important industrial area of the southeast United States.
REI Automation will complement the Assembly & Test Division within the HAHN Group. With 80 employees and US$25 million revenue, REI Automation focuses on medical, electronics and consumer goods.
“We found a passionate team with an impressive track record building the company in the past and ambitious plans to develop it further,” says Philipp Unterhalt, managing director of HAHN Group, in a release. “We are ready to support REI Automation on its further journey and are delighted to have them on board.”
Operations of REI Automation will continue under the existing management, which will also remain as shareholders going forward.
“We are excited to begin planning with a partner who has all the experience in bringing a company to the next level,” says Grant Phillips, CEO of REI Automation.“For REI Automation and its clients the transaction is a very important step into a reliable and sustainable future.”
With the acquisition HAHN Group continues its buy and build strategy to form a global network of automation specialists.
HAHN Group is owned by Germany’s largest foundation RAG-Stiftung and employs nearly 1.400 employees in 13 countries, serving clients in various industries around the world. It also recently acquired Rethink Robotics.