Acquisition will Strengthen PaR's Material Handling Business and Commitment to Industry SAINT
PAUL/MINNEAPOLIS - PaR Systems, Inc., a world leader in material handling, aerospace manufacturing, automation, and robotic solutions since 1961, announced today that it has acquired the major assets of Atlanta-based CAMotion, Inc., and CAMotion Cranes, Inc., companies recognized as innovators in material handling utilizing Cartesian robotic technology for pick-and-place systems, palletizing and depalletizing machines, and advanced crane motion controls.
The acquisition will bring a suite of products and leading edge technologies that will add to existing solutions and capabilities in the material handling and crane technologies employed by PaR's Marine, Aerospace, Industrial and Hazardous Environment businesses which enable PaR to add dramatic value for clients.
CAMotion has supplied high value process automation-based material handling equipment to some of the leading U.S. industrial companies and integrators to enhance manufacturing efficiency and throughput. A close relationship and on-going research activities with Georgia Tech have enabled knowledge exchange and commercialization of technology for highly specialized, complex manufacturing operations as well as in the high growth warehouse and distribution center automation arena.
CAMotion has a proven track record of delivering innovative solutions to the print industry and material handling integrators and has provided numerous crane control applications. Customers are represented in the automotive, steel, aluminum, heavy equipment manufacturing and food industries. "Our robotic automation equipment includes case packing, palletizing, depalletizing, machine tending, and custom engineered machines, all of which complement PaR's capabilities extremely well." states Rob Loomis, President and CEO of CAMotion. "We are excited to be part of a company with PaR's reputation and over 50 years of experience in the material handling and engineered product markets. Our team is excited knowing that our values, expertise, and operational capabilities align well."
"CAMotion pioneered the use of advanced sensing, wireless safety, and motion synthesis, which complements a number of our client solution offerings and enhances the level of technology PaR offers. CAMotion brings disruptive technologies by delivering motion solutions that were previously either economically or technologically impossible." states Mark Wrightsman, President and CEO of PaR Systems.
"Like PaR, CAMotion's customer base views them as a trusted partner for demanding and complex solutions and they continually adopt new technologies to add to their solutions arsenal. We are excited about the market opportunities CAMotion brings to the mix, and are pleased to welcome this quality organization to the PaR family," continued Wrightsman. About PaR Systems Inc. PaR Systems, a portfolio company of MML Capital Partners (www.mmlcapital.com), is a world leader in providing advanced intelligent solutions for critical material handling, automation, and robotic applications that drive customer quality, safety, and productivity.
Since 1961, PaR has created fully integrated systems, which are often first-of-a-kind manufacturing solutions, for a broad range of industries including aerospace, hazardous material/nuclear, life science and process automation, marine/defense, heavy material handling, and industrial. Headquartered in Minnesota, PaR Systems has global engineering and manufacturing centers of excellence.