Linz (A) Keba AG's international automation specialist, based in Linz, takes over LTI Motion and Heinz Fiege GmbH, the leading technology suppliers for drive technology and axle technology in Lahnau and Röllbach / Germany. An agreement was signed between Keba AG and the seller, Körber AG, based in Hamburg / Germany. With this acquisition, Keba AG strengthens its position in industrial automation.
"Keba and LTI Motion are complemented perfectly," explains Gerhard Luftensteiner, CEO of Keba AG. "Keba is a specialist in control and safety, as well as in industrial applications, LTI Motion in power steering technology." For our existing and future customers, the great advantage is that these skills are now clustered, and you now have complete solutions from one source – from operating to control and safety technology to driving technology – and which suits your industry, "continues Luftensteiner.
Founded in Lahnau in Germany in 1971 as Lust Electronic-Systeme GmbH, LTI Motion has been part of the 2013 Körber International Technology Group. With several locations in Europe and a single location in China, LTI Motion is one of the specialized suppliers leading solutions for demanding customers in the mechanical industry. Heinz Fiege GmbH is a specialist in application technology technology.
Keba and LTI Motion have been working closely on automation solutions for many years. The sharing of know-how and decades of experience and the innovative strength of Keba, LTI Motion and Heinz Fiege GmbH offer a unique market opportunity for both companies. There will be synergies not only in technology and in the product set, but also in sales.
"We are very excited to have a new strategic owner with KEBA, which, like us, is dedicated to customer innovation and proximity," emphasizes Hartmut Braun, Managing Director of LTI Motion. "The merger is a great opportunity for both companies." Keba's portfolio and LTI Motion complement each other ideally, and we are convinced that we offer our clients a portfolio of solutions that will provide them with a clear competitive edge in their industry. "
"LTI Motion and Heinz Fiege GmbH are successful companies with many years of expertise and they are ideally positioned and experienced and competent. management of LTI Motion. It is important for us that LTI Motion customers are optimally supported, both technologically and personally, and ultimately benefit from the merger and the total portfolio of resulting solutions, "says Gerhard Luftensteiner.
With this acquisition, Keba is expanding rapidly and significantly expanding its market position in industrial automation. The Keba Group is growing by taking over 1200 to over 1700 employees.
There was silence on the purchase price. Closing is expected at the end of December 2018.