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Actuant acquires CrossControl

Actuant Corporation (USA) has completed the acquisition of the CiA-member CrossControl (Sweden) producing controllers and other products for mobile machinery. For approximately 40 million US-$ the company took a 100-% stake in the company providing CANopen- and J1939-capable solutions. The earlier majority shareholder, funds advised by Provider Venture, together with the CrossControl founders have been looking for a long-term owner that can support the company’s continued growth.

ACTUANT WITH OPERATIONS IN MORE THAN 30 COUNTRIES is headquartered in Menomonee Falls, Wisconsin. Its businesses are divided into four segments focused on the markets served. CrossControl will operate within the Maxima Technologies, part of Actuant’s Engineered Solutions segment. Maxima Technologies is a global supplier of severe-duty electronic instrumentation including displays and clusters, machine controls and sensors. CrossControl is a supplier of control system solutions for industrial vehicles in such industries as, cargo, construction equipment, forestry, mining and railway. The company operates as a supplier of products and services to leading vehicle OEMs such as John Deere, Atlas Copco, Cargotec and Bombardier Transportation.
The product portfolio includes ruggedized and advanced displays, main controllers and I/O controllers.
The largest share of revenue comes from solutions for Human Machine Interaction, based on the company’s CC pilot display computing product platform. “As a part of Actuant we have the backing and financial strength to develop CrossControl into a truly global provider of advanced vehicle control solutions” comments Peter Lageson, CEO of CrossControl, and continues “We will now be able to accelerate our growth in Europe and US and we will also get more momentum in our business in China and other emerging markets.”

End of 2011 CrossControl established an office in Germany, which is headed by Yassine Zoubir, previously CEO within Arcelor Mittal. Up till 2007, Mr. Zoubir was Division Manager for ifm’s Ecomat mobile. At that time, he also participated in the CiA’s SIG (special interest group) crane/spreader developing the CiA 444 specification (CANopen profiles for container-handling machine add-on devices). “I am really excited to be back in the field of mobile controls. It is an area in rapid development and I see that the industrial vehicle market still has considerable untapped and growing potential” commented Zoubir and continued: “By leveraging the right technology, OEMs can create stronger offerings to its customers in terms of user experience and increased vehicle productivity. I early recognized that CrossControl, with its solution approach and strong track record, would fit the needs of the German market and I am thrilled about the opportunity to be part of the company’s further development ”. With the German office, located in Dűsseldorf, the company provides local support to its growing base of German customers. “In Northern Europe there are a number of major industrial vehicle OEMs that early recognized the importance of increased automation and use of advanced controls as a means of differentiation” says CrossControl CEO Peter Lageson and continues: “We have had the fortune of being part of this development, which has enabled us to develop a strong offering in the domain of vehicle control. On this basis, we are building the company further, and establishing the company in Germany is an important strategic milestone for us”. CrossControl was founded in 1991 as a specialist consultant company with at that time seven employees and one customer. Today, the company supplies electronics and provides engineering services to a worldwide customer base. The company employs 230 people with operations in Sweden, Finland, Malaysia and Germany.



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