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Synopsis
AEA Investors, a private investment firm, completed the investment in SCIO Automation, an industrial automation platform with own sites in more than 30 international locations, from Quadriga Capital, a private equity firm. Financial terms were not disclosed. "Our goal remains to globally scale our platform organically and through acquisitions to enable us to further expand and strengthen our product- and service offering for international blue-chip clients. For our international growth aspirations, particularly in the North American market, we are pleased that AEA, with their experience in the industrial automation market, will be joining SCIO as a majority shareholder,” Michael Goepfarth, SCIO CEO.
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