M&A Deal Summary

Korber Acquires Fargo Automation

On November 8, 2016, Korber acquired packaging company Fargo Automation

Acquisition Highlights
  • This is Korber’s 1st transaction in the Packaging sector.
  • This is Korber’s 1st transaction in the United States.
  • This is Korber’s 1st transaction in North Dakota.

M&A Deal Summary
Date 2016-11-08
Target Fargo Automation
Sector Packaging
Buyer(s) Korber
Deal Type Add-on Acquisition

Target

Fargo Automation

Fargo, North Dakota, United States
Fargo Automation, Inc. is a designer and manufacturer of automated packaging equipment for the pharmaceutical and medical device industries. Fargo Automation, Inc. was established in 1996 and is headquartered in Fargo, North Dakota.

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Buyer(S) 1

Buyer

Korber

Hamburg, Germany
Category Company
Sector Diversified
Revenue 2M EUR (2015)
DESCRIPTION

Korber is a management holding company, which leads the group with seven areas of business automation, logistics systems, machine tools, pharmaceutical systems, tissue, tobacco, and corporate investments. The company acts fast to customer needs, executes ideas seamlessly, and with innovations, it creates added value for customers. Korber is based in Hamburg, Germany

DEAL STATS #
Overall 2 of 8
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 2 of 6
State (North Dakota) 1 of 1
Country (United States) 1 of 3
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-12 Qubiqa Group

Arden, Denmark

Qubiqa Group (Qubiqa Logistics) is a provider of commercial and industrial storage solutions to internal logistics solutions and products as well as service. The company mainly serves customers in the food and beverage industry and the trade. The range includes products, systems and services to realize fully automatic material flow and order picking systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-16 MTC SRL

Italy

MTC SRL is a developer, manufacturer and seller of an interfolder / multifolder lines (tissue converting machines) for tissue paper products (facials, folded towels).

Buy -
Mergr

Product

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