DALLAS - Tuesday, December 20th 2016 [ME NewsWire]
(BUSINESS WIRE)-- Advanced Integration Technology (“AIT”) announced today that it has agreed to acquire KUKA Systems Aerospace North America (“KUKA Aero”), as recently reorganized, in a carve-out transaction conducted by KUKA Systems North America LLC.
Based in Clinton Township, MI, KUKA Aero is the market-leading integrator of new robotic technologies used in aerospace assembly and a provider of flexible automation solutions and engineering to the aerospace industry. KUKA Aero’s core executive team will remain intact, led by Group Vice President Robert Reno.
“Bob and his team have helped define the state-of-the-art in aerospace automation and built a wonderful company from a standing start 10 years ago, bringing KUKA’s pioneering automation solutions to the aerospace industry,” said AIT Chairman and CEO Ed Chalupa. “Their expertise in robotic solutions is second-to-none, and we look forward to working with them to build an even stronger automation platform to serve our customers in the commercial and defense aerospace industries.”
“We’re excited to be joining the AIT family and deepening our roots in the United States. I know our customers will value being able to access this combination of talent and technology under one roof,” said Reno.
The financial terms of the transaction were not disclosed.
ABOUT AIT
AIT is the world's largest provider of automation, factory integration and tooling solutions dedicated to the global aerospace and defense industries. AIT designs, manufactures and installs turnkey systems, automated tooling and equipment for the assembly of aerospace structures. AIT serves a wide range of global, blue chip OEMs and Tier 1 suppliers, including Boeing, Lockheed Martin, Northrop Grumman, Spirit AeroSystems, Triumph and Bombardier. AIT has facilities in the United States, Canada, Spain and Sweden.
Learn more at www.aint.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161219005764/en/
Contacts
AIT
Susan Hardaway, 1-972-543-6675
shardaway@aint.com
Permalink: http://me-newswire.net/news/19254/en
Based in Clinton Township, MI, KUKA Aero is the market-leading integrator of new robotic technologies used in aerospace assembly and a provider of flexible automation solutions and engineering to the aerospace industry. KUKA Aero’s core executive team will remain intact, led by Group Vice President Robert Reno.
“Bob and his team have helped define the state-of-the-art in aerospace automation and built a wonderful company from a standing start 10 years ago, bringing KUKA’s pioneering automation solutions to the aerospace industry,” said AIT Chairman and CEO Ed Chalupa. “Their expertise in robotic solutions is second-to-none, and we look forward to working with them to build an even stronger automation platform to serve our customers in the commercial and defense aerospace industries.”
“We’re excited to be joining the AIT family and deepening our roots in the United States. I know our customers will value being able to access this combination of talent and technology under one roof,” said Reno.
The financial terms of the transaction were not disclosed.
ABOUT AIT
AIT is the world's largest provider of automation, factory integration and tooling solutions dedicated to the global aerospace and defense industries. AIT designs, manufactures and installs turnkey systems, automated tooling and equipment for the assembly of aerospace structures. AIT serves a wide range of global, blue chip OEMs and Tier 1 suppliers, including Boeing, Lockheed Martin, Northrop Grumman, Spirit AeroSystems, Triumph and Bombardier. AIT has facilities in the United States, Canada, Spain and Sweden.
Learn more at www.aint.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161219005764/en/
Contacts
AIT
Susan Hardaway, 1-972-543-6675
shardaway@aint.com
Permalink: http://me-newswire.net/news/19254/en
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