Murata Machinery Ltd. acquired AGVE AB (manufacturer of Automatic Guided Vehicle, Sweden)

Tokyo – Frontier Management Inc. (CFI Japan) is pleased to announce that they acted as financial advisor to Murata Machinery, Ltd in the acquisition of 100% of the shares of AGVE AB (manufacturer of Automatic Guided Vehicle, Sweden).

Murata Machinery, Ltd engages in textile machinery, machine tools, sheet metal machinery, automated systems, clean FA systems, communication equipment.

The AGVE Group is a leading provider of Automated Guided Vehicles (AGV) and control devices, having 60 dedicated employees working on AGV automation worldwide. They keep the AGV design and the manufacturing in-house, and have sold more than 2.500 vehicles and 3.500 control units throughout the world. From single components for automated guided vehicle control, to fully integrated material handling systems, they offer a wide range of products featuring standard, as well as custom built, vehicles.

With this acquisition, Muratec will further strengthen its quality and expertise in providing AGV solutions, launch jointly developed products and solutions which reflect potential customer needs, and provide customers better products and services. In addition, Muratec and AGVE will further enhance both companies’ presence in the growing AGV market through cooperating in marketing AGV and related systems in the regional markets where Muratec or AGVE have strong market presence, that is the Japanese and Asian markets for Muratec and the Nordics, Europe and US markets for AGVE, as well as strengthening their after sales businesses.

The transaction closed on 18. February 2018.