TGW acquires CHM
13 July 2016
Automated materials handling solution specialist TGW Logistics has acquired German robotics company CHM Automatisierungstechnik for an undisclosed sum.
The acquisition expands TGW's portfolio of products and services and CHM will become a 100 per cent subsidiary of the TGW Group.
TGW has experience of working with its newly acquired business on several completed and ongoing projects. CHM constructs and builds specialist machinery, including gantry robots and picker arms as well as special conveyor equipment. The company's expertise in robotic controls and the development of buckling arm robots are of particular value to the parent company, with these technologies predominantly being used in the palletising of cartons in production areas.
The CHM site in Stephanskirchen will be secured for the long term and the senior management team and the rest of the original workforce are being retained.
"CHM is well established in the market and provides TGW with a tremendous amount of knowledge and know-how,” says Harald Schröpf, managing director of TGW Logistics Group. "Working with the team at our headquarters in Wels, we'll look for the new business to develop strategically important projects, including automated single piece picking, as well as helping in our work developing automation solutions for production areas. We're investing in this acquisition for the long term and expect to deliver continuity, stability, innovation and significantly improved growth opportunities as a result."
Georg Kirchmayr, president of TGW Logistics Group adds: “We are convinced that the future belongs to robotics. Now that we have the expertise in house, we're looking forward to introducing even more exciting and innovative developments into our portfolio."