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Keba Acquires LTI Motion
The internationally active automation specialist Keba AG located in Linz, Austria, acquires LTI Motion and Heinz Fiege GmbH, suppliers of drive solutions and spindle technology based in Lahnau and Röllbach, Germany. A corresponding contract between Keba AG and the seller, Körber AG, based in Hamburg, Germany, was signed in November.
Keba and LTI Motion have already been cooperating closely in the field of automation solutions for a number of years.
With this acquisition, KEBA is rapidly continuing its course of growth, significantly expanding its market position in industrial automation. With the acquisition, the KEBA Group will grow from 1200 to over 1700 employees. The transaction is expected to close at the end of December 2018.
“The portfolios of KEBA and LTI Motion complement each other perfectly,” explains Gerhard Luftensteiner, CEO of KEBA AG. “KEBA is a specialist in control and safety, and in operations in industrial environments, LTI Motion in the area of servo drive technology. The great advantage for our existing and future customers is that this expertise is now bundled. Customers will now receive complete solutions from a single source – from operations, control and safety technology, to drive technology – and all this appropriate for their respective industry,” continues Luftensteiner.
Founded in 1971 as Lust Electronic-Systeme GmbH with headquarters in Lahnau, Germany, LTI Motion has been part of the international technology group Körber since 2013. With several locations in Europe and one location in China, LTI Motion is among the few specialized suppliers of drive solutions for customers in demanding mechanical engineering industries. The Heinz Fiege GmbH is a specialist for application-oriented spindle technology.
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