M&A Deal Summary

Hitachi Acquires JR Automation Technologies

On April 24, 2019, Hitachi acquired information technology company JR Automation Technologies from Crestview Partners for 1.4B USD

Acquisition Highlights
  • This is Hitachi’s 5th transaction in the Information Technology sector.
  • This is Hitachi’s 2nd largest (disclosed) transaction.
  • This is Hitachi’s 3rd transaction in the United States.
  • This is Hitachi’s 1st transaction in Michigan.

M&A Deal Summary
Date 2019-04-24
Target JR Automation Technologies
Sector Information Technology
Buyer(s) Hitachi
Sellers(s) Crestview Partners
Deal Type Add-on Acquisition
Deal Value 1.4B USD
Advisor(s) Goldman Sachs
BofA Securities (Financial)
Gibson, Dunn & Crutcher (Legal)

Target

JR Automation Technologies

Holland, Michigan, United States
JR Automation Technologies LLC is a provider of intelligent automated manufacturing and technology solutions that solve customers' key operational and productivity challenges. JR Automation serves customers across the globe in a variety of industries, including automotive, life sciences, aerospace, and more. JR Automation employs over 2,000 people at 23 manufacturing facilities in North America, Europe, and Asia. Through thoughtful and dynamic collaboration, JR Automation creates innovative solutions for companies across the globe; helping them think, solve, and create.

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Buyer(S) 1

Buyer

Hitachi

Tokyo, Japan
Category Company
Founded 1910
Sector Diversified
Employees268,655
Revenue 9.73T JPY (2024)
DESCRIPTION
Entrance to Hitachi's corporate headquarters in Tokyo, Japan.
Entrance to Hitachi's corporate headquarters in Tokyo, Japan.

Hitachi is a multinational conglomerate that operates across various sectors, including information technology, infrastructure systems, social innovation, automotive systems, and more. The Company's diverse portfolio encompasses a wide range of products and services, such as power systems, industrial machinery, digital solutions, transportation systems, and healthcare solutions. Hitachi was founded in 1910 and is based in Tokyo, Japan.

DEAL STATS #
Overall 14 of 21
Sector (Information Technology) 5 of 7
Type (Add-on Acquisition) 11 of 15
State (Michigan) 1 of 1
Country (United States) 3 of 7
Year (2019) 1 of 1
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-25 Sullair

Michigan City, Indiana, United States

Sullair is a global air compressor company. Sullair has established a strong sales network and customer base especially in North America. The Company was formed in 1965 and is headquartered in Michigan City, Indiana.

Buy $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-31 GlobalLogic

McLean, Virginia, United States

GlobalLogic is a full-lifecycle product development services leader that combines chip-to-cloud software engineering expertise and vertical industry experience to help our customers design, build, and deliver their next generation products and digital experiences. We expertly integrate design, complex engineering, and agile delivery capabilities to deliver superior business outcomes for global brands. Headquartered in Silicon Valley, GlobalLogic operates design studios and engineering centers around the world, extending the benefits of our true global presence to customers in telecom, automotive, healthcare, technology, media and entertainment, manufacturing, and semiconductor industries. GlobalLogic was founded in 2000 and is based in McLean, Virginia.

Buy -

Seller(S) 1

SELLER

Crestview Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Crestview Partners is a private equity firm focused on challenging investment situations. Crestview targets opportunities across a broad range of industries, with a special interest in asset management, media, healthcare and financial service companies. The Firm looks to commit $100 to $250 million of equity capital in transactions valued between $500 million and $3 billion. Crestview Partners was formed in 2004 and is based in New York, New York.

DEAL STATS #
Overall 22 of 27
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 11 of 12
State (Michigan) 3 of 3
Country (United States) 16 of 19
Year (2019) 1 of 1
Size (of disclosed) 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-17 Elo Touch

Milpitas, California, United States

Elo Touch is a global provider and manufacturer of high-quality and commercially durable touch screen systems and components for enterprise customers. Elo Touch was founded in 1971 and is based in Milpitas, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-30 SyBridge Technologies

Itasca, Illinois, United States

SyBridge Technologies builds and integrates tooling and mold companies to create a global technology leader that provides value-added design and production solutions across multiple industry verticals. SyBridge Technologies was founded in 2019 and is based in Itasca, Illinois.

Buy -
Mergr

Product

Company

Legal