Manufacturer acquires automation companies
A manufacturer in the region has acquired a pair of automation companies with customers in several industries.
Holland-based JR Automation said this week it acquired Setpoint Systems and Setpoint, Inc. which are both based in Ogden, Utah.
Terms of the deal were not disclosed.
The companies create automation solutions for the e-commerce and amusement park industries and more.
“We look forward to working closely with the Setpoint businesses, leveraging their tremendous capabilities to further build out our world-class global industrial automation solutions platform,” said Mike DuBose, chair and CEO, JR Automation.
“As part of JR Automation, Setpoint Systems and Setpoint Inc. will become even more effective, bringing together their history of excellence and innovation with JR Automation’s global footprint and capabilities. This is an exciting step for JR Automation, the Setpoint businesses, our customers, partners and teams.”
The company said the acquisitions “further advance JR Automation’s strategic global growth initiatives under ownership of Crestview Partners.”
Crestview Partners, a New York-based private equity firm, acquired JR Automation in March 2015 to expand its presence in the industrial technology industry.
Mark Coy, president and CEO of Setpoint Systems, said the transaction allows his company to reach its strategic goals.
“With the backing of JR Automation, Setpoint will be able to meet the needs of our customers even more effectively and increase our team’s ability to lead the industry in developing innovative solutions,” Coy said.
Joe Van Den Berghe and Joe Cornwall, co-principals of Setpoint, Inc., said the acquisition is mutually beneficial for their company and JR Automation.
“Today is an exciting day for our team at Setpoint,” they said in a statement. “Our customers, employees and vendors will be the long-term beneficiaries of this combination. We have found the JR Automation values, culture and capabilities to be closely aligned with those of Setpoint, and we look forward to being part of the newly broadened JR Automation team.”
Established in 1980, JR Automation is a provider of intelligent automated manufacturing and technology solutions that solve operational and productivity challenges.
The company serves customers across the globe in a variety of industries, including automotive, life sciences, aerospace and more.
JR Automation employs 1,700 people at 16 manufacturing facilities in North America, Europe and Asia.
Founded in 1992, Setpoint Systems is a full-service lean automation engineering company that specializes in the design, build and controls programming of turnkey custom automation solutions.
The company's portfolio includes robotics, assembly equipment, material handling, testing and inspection and induction heating automation solutions.
Setpoint, Inc. has a 25-plus-year history of designing and implementing motion-control systems, including custom rides and attractions for the top amusement and theme parks in the world.