Acquisition and co-operation
Keba (Austria) likes to become a solution provider in industrial and factory automation. Acquisitions and co-operations will pave the way.
CiA member Keba located in Linz (Austria) has acquired LTI Motion and Heinz Fiege both situated in Germany. LTI Motion provides motion controllers and supports optionally CANopen. Keba and LTI Motion cooperated closely for a number of years.
“The portfolios of Keba and LTI Motion complement each other perfectly,” explained Gerhard Luftensteiner, CEO of Keba. “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,” continued Luftensteiner.
Founded in 1971 as Lust Electronic-Systeme with headquarters in Lahnau (Germany), LTI Motion has been part of the international technology group Koerber 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 company is specialized in application-oriented spindle technology.
“We are extremely pleased to have a new strategic owner with Keba who, like us, is dedicated to subjects like innovation and customer proximity,” emphasized Hartmut Braun, Managing Director of LTI Motion. “The merger is a great opportunity for both companies. The portfolios of Keba and LTI Motion complement each other perfectly. We are convinced that we can offer our customers a solution portfolio that gives them clear competitive advantages in their industries.”
With this acquisition, the Austrian company is continuing its course of growth. The number of employees grows from 1200 to over 1700. The parties have agreed not to disclose the purchase price. The transaction is expected to close at the end of December 2018.
Keba announced a strategic partnership with Weidmueller headquartered in Germany. The co-operation was announced on the SPS IPC Drives 2018 tradeshow. The collaboration focuses on shared offers for industrial automation technology with a focus on the area of machinery and plant engineering. Both companies also want to promote the utilization of artificial intelligence (AI) in automation.
"We are happy to have found an experienced partner in industrial automation with Keba who will help to complement our automation expertise. Combining u-control and the Keba Engineering Suite ideally supports our customers with the implementation of ambitious automation concepts and Industry 4.0 solutions," explained Volker Bibelhausen, CTO of the Weidmueller Group. Michael Matthesius, Head of the Automation Products & Solutions division at Weidmueller added: "When two excellent companies like Weidmueller and Keba cooperate, our customers can be sure that one plus one will equal more than two in this case." Gerhard Luftensteiner, CEO of Keba said: "We are convinced that our product and service offerings for industrial customers complement each other ideally. From now on, customers looking for excellent digitalization and automation solutions for Industry 4.0 will benefit from our combined expertise."
Keba contributes mainly its open software solutions and parts of its control architecture, while Weidmueller primarily contribute its U-mation product family. This includes also bus-couplers for CANopen and Devicenet.
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