Announced
Completed
Financials
Tags
Domestic
Majority
Software
Private
Germany
software development
Friendly
electrical engineering
Single Bidder
Acquisition
Completed
Private Equity
Synopsis
SCIO Automation, a medium-sized platform in the field of industrial automation technology and related engineering services, completed the acquisition of MFI, a company that offers specialized automation solutions for the food industry as well as complementary solutions for other industrial end-markets. Financial terms were not disclosed. "MFI’s automation solutions add an additional layer to SCIO’s current offering, enabling us to immediately engage in joint projects for our combined customer base. MFI contributes with specialized know-how and innovative strength in programming and manufacturing. The overall package makes MFI a strong partner for our platform," Michael Goepfarth, SCIO Automation CEO.
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