M&A Deal Summary

CONVERGIX Automation Systems Acquires Classic Design

On February 1, 2022, CONVERGIX Automation Systems acquired engineering company Classic Design

Acquisition Highlights
  • This is CONVERGIX Automation Systems’ 1st transaction in the Engineering sector.
  • This is CONVERGIX Automation Systems’ 1st transaction in the United States.
  • This is CONVERGIX Automation Systems’ 1st transaction in Michigan.

M&A Deal Summary
Date 2022-02-01
Target Classic Design
Sector Engineering
Buyer(s) CONVERGIX Automation Systems
Deal Type Add-on Acquisition
Advisor(s) Duff & Phelps Corp. (Financial)

Target

Classic Design

Troy, Michigan, United States
Classic Design is a provider of engineered solutions for manufacturing automation success and provides solutions across a variety of sectors, including automotive and defense. Classic Design was founded in 1974 and is based in Troy, Michigan.

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Buyer(S) 1

Buyer

CONVERGIX Automation Systems

Auburn Hills, Michigan, United States
Category Company
Founded 2022
Sector Manufacturing
DESCRIPTION

CONVERGIX Automation Systems provides comprehensive products, technology and services that enhance productivity, optimize talent and resources and improve business outcomes. CONVERGIX Automation Systems was founded in 2022 and is based in Auburn Hills, Michigan.

DEAL STATS #
Overall 1 of 3
Sector (Engineering) 1 of 2
Type (Add-on Acquisition) 1 of 3
State (Michigan) 1 of 2
Country (United States) 1 of 2
Year (2022) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-31 AGR Automation

Arbroath, United Kingdom

AGR Automation is a provider of custom, high-performance automation design and systems integration primarily to the life sciences industry. AGR Automation was founded in 1970 and is based in Arbroath, United Kingdom.

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Mergr

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