Announced
Financials
Tags
United States
Private Equity
Single Bidder
industrial automation
Majority
Pending
automation equipment
Acquisition
Friendly
Private
automation solutions
Machinery: Industrial
Domestic
Synopsis
Arsenal Capital Partners-backed Eckhart, a provider of advanced industrial solutions used to solve complex manufacturing needs, agreed to merge with Innovative Products & Equipment, an automation solutions provider. Financial terms were not disclosed. "We are excited to work with the Innovative team to enhance our delivery of advanced, end-to-end automation capabilities for our customers. Rich, Eric, Dale, Kevin, and the rest of the Innovative team have developed a reputation in the medical device and life sciences markets for solving mission-critical issues for their customers, and we believe joining forces will position us well for our next phase of growth," Andy Storm, Eckhart CEO.
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