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  6. JHFOSTER Acquires DevLinks

M&A Deal Summary

JHFOSTER Acquires DevLinks

On May 2, 2023, JHFOSTER acquired manufacturer DevLinks

Acquisition Highlights
  • This is JHFOSTER’s 1st transaction in the Manufacturing sector.
  • This is JHFOSTER’s 3rd transaction in the United States.
  • This is JHFOSTER’s 1st transaction in Illinois.

M&A Deal Summary
Date 2023-05-02
Target DevLinks
Sector Manufacturing
Buyer(s) JHFOSTER
Deal Type Add-on Acquisition

Target

DevLinks

Arlington Heights, Illinois, United States
DevLinks is a national systems integrator with a focus on tailoring robotics technology and advanced automation solutions for the plastic industry. From the project inception to completion, the company's process involves project management, mechanical engineering, robot programming, controls engineering, support and diagnostics, installation, and documentation making them a one-stop solution shop for most automation needs. As a contract machine shop, it offers services and capabilities, such as build-to-print assembly and retrofitting existing equipment. DevLinks was founded in 2004 and is based in Arlington Heights, Illinois.

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Buyer(S) 1

Buyer

JHFOSTER

Eagan, Minnesota, United States
Category Company
Founded 1938
Sector Distribution
DESCRIPTION

JHFOSTER is a distributor of motion control parts and accessories, compressed air systems, collaborative robots, industrial robotics, and electrical automation products. JHFOSTER was founded in 1938 and is based in Eagan, Minnesota.

DEAL STATS #
Overall 4 of 4
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: Illinois M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-14 Celco Controls

Winnipeg, Manitoba, Canada

Celco Controls engineers, programs and assembles customized automation control systems for a diverse set of end-markets, including food processing, metals and mining, power generation, and infrastructure. Celco Controls was founded in 1979 and is based in Winnipeg, Manitoba.

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