M&A Deal Summary

ABB Acquires ASTI Mobile Robotics

On July 20, 2021, ABB acquired technology hardware company ASTI Mobile Robotics from Keensight Capital

Acquisition Highlights
  • This is ABB’s 6th transaction in the Technology Hardware sector.
  • This is ABB’s 3rd transaction in Spain.

M&A Deal Summary

Date 2021-07-20
Target ASTI Mobile Robotics
Sector Technology Hardware
Buyer(s) ABB
Sellers(s) Keensight Capital
Deal Type Add-on Acquisition

Target

ASTI Mobile Robotics

Burgos, Spain
ASTI Mobile Robotics is an autonomous mobile robot (AMR) manufacturer with a broad portfolio across all major applications enabled by the company’s software suite. Its operations include project analysis, development, manufacturing, installation, and maintenance of automated material handling solutions. ASTI Mobile Robotics was founded in 1982 and is based in Burgos, Spain.

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Buyer(S) 1

Buyer

ABB

Zurich, Switzerland

Category Company
Founded 1883
Sector Engineering
Employees108,700
Revenue 32.2B USD (2023)
DESCRIPTION
Entrance to ABB's headquarters in Zurich, Switzerland.
Entrance to ABB's headquarters in Zurich, Switzerland.

ABB is an engineering company that helps customers use electrical power effectively and increase industrial productivity in a sustainable way. ABB creates and supports a range of products, systems and services that increase energy efficiency, reliability and productivity for a variety of industrial, utility, and transport and infrastructure customers. ABB was founded in 1883 and is based in Zurich, Switzerland.


DEAL STATS #
Overall 35 of 37
Sector (Technology Hardware) 6 of 6
Type (Add-on Acquisition) 32 of 34
Country (Spain) 3 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-14 Comem

Montebello Vicentino, Italy

Comem is a manufacturer of high-quality transformer components, selling products under its own name and under the Elmek brand. Comem was founded in 1962 and is based in Montebello Vicentino, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-26 ABB - DODGE Mechanical Power Transmission Business

Greenville, South Carolina, United States

ABB's DODGE Mechanical Power Transmission Business is a manufacturer of mounted bearings and mechanical products with market-leading brand recognition. ABB's DODGE Mechanical Power Transmission Business is based in Greenville, South Carolina.

Sell $2.9B

Seller(S) 1

SELLER

Keensight Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 5.5B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Keensight Capital is a private equity investment firm focused on majority and minority growth capital investments in Western European companies. Keensight makes equity investments in a number of situations including the provision of capital to finance growth, either organically or through acquisitions, or the buying out of existing shareholders. The Firm looks to invest €10 to €600 million and will consider business with up to €400 million in revenue. Keensight Capital was formed in 2000 and is based in Paris.


DEAL STATS #
Overall 17 of 24
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 8 of 11
Country (Spain) 1 of 2
Year (2021) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-15 Inherent

Maxéville, France

Inherent is a specialist in IT and telecom services, supports the digitalisation of a diverse customer base, made up of private-sector players (from SMEs to large companies) and public-sector organisations (hospitals and local authorities), with a full range of services. Inherent was founded in 1981 and is based in Maxéville, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-06 Demetra

Sommacampagna, Italy

Demetra develops, manufactures, and distributes products used in orthopaedic implant surgeries and spine interventions. The company is a supplier of bone cement, a product used for the fixation of orthopaedic implants and for the filling of vertebral compression fractures. Demetra’s preformed spacers are the industry standard and allow to better treat infections, to reduce surgery time and to improve patient mobility compared to previous generation products. The Company serves all the major players in the orthopaedic industry and has highly diversified sales in terms of geography and product mix. Demetra has four facilities in Europe, the US, and China. Demetra was founded in 2016 and is based in Sommacampagna, Italy.

Sell -