KUKA buys plant engineering business of Utica Companies
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Automotive Plastics Processes Automotive: Technology Advances Plastics: Auxiliary EquipmentIn a bid to boost its profile as a manufacturing systems supplier to North America’s auto sector, automation supplier KUKA Systems Group has purchased the plant engineering business of Michigan-based welding equipment maker Utica...
In a bid to boost its profile as a manufacturing systems supplier to North America’s auto sector, automation supplier KUKA Systems Group has purchased the plant engineering business of Michigan-based welding equipment maker Utica Companies.
The purchase price has not been disclosed.
“This acquisition follows our strategy of being Number 1 or 2 in our respective markets. It not only adds new customers, but will enable us to continue our profitable growth in North America and in Asia”, said Till Reuter, CEO of KUKA AG, the holding company that owns Germany-based KUKA Systems Group.
Both companies’ core market is automotive assembly although KUKA Systems – which has its North American headquarters in Sterling Heights, Mich. – has diversified into building production lines and platforms for aerospace, energy, and other industries.
According to KUKA, the Utica acquisition primarily covers automobile assembly-related assets in southeastern Michigan. KUKA Systems will absorb Utica’s body structure business that builds car body assembly lines and subsystems.
About 300 Utica workers will join the KUKA operations in southeastern Michigan, KUKA said. No jobs will be eliminated.
