Holland Robotics Maker Sold To Hitachi For $1.4 Billion

HOLLAND – The New York City-based private equity firm Crestview Partners announced the sale of Holland-based JR Automation Technologies LLC for $1.425 billion in cash to Hitachi, Ltd.

Established in 1980, JR designs, builds, and programs advanced automation systems for the automotive, aerospace, e-commerce and life science industries. It has more than 2,000 employees.

Crestview partner Alex Rose noted that since Crestview’s initial investment in JR in 2015, the company has grown from $170 million in sales and five plants to $600 million in sales and 23 plants worldwide.

Hitachi, based in Tokyo, is an $88.4-billion-a-year company with 307,000 employees worldwide.

The transaction is expected to close in the second half of 2019, subject to customary closing conditions including regulatory approvals.

More at www.jrautomation.com, www.crestview.com or www.hitachi.com.

This post was published by Technology Century.

By Matt Roush|2019-04-25T14:12:01-04:00April 25th, 2019|Auto Tech, ESD|

About the Author: Matt Roush

Matt Roush is Managing Editor of the University News Bureau and Director of Media Relations at Lawrence Technological University in Southfield, and co-host of MITech TV with MITechNews founder and publisher Mike Brennan. Before joining LTU, Roush spent more than 30 years as a reporter and editor covering high tech, business, and local government for media outlets including WWJ Newsradio 950, Crain’s Detroit Business, the Kalamazoo Gazette, and the Traverse City Record-Eagle.