Duravant to acquire Motion06
Through the deal, engineered equipment supplier Duravant will expand its global offerings.
Duravant LLC, a Downer’s Grove, Ill.-based engineered equipment and automation solutions provider, said it signed an agreement to acquire Motion06 Gmbh, Lengau, Austria, a manufacturer of machines and components for conveyor systems. The transaction is subject to the approval of antitrust authorities.
“We could not have imagined a more complementary partnership than Motion06 when considering the existing portfolio within the Duravant family of operating companies,” said Mike Kachmer, president and CEO of Duravant. “Our team is extremely excited about the immediate accelerated growth opportunities this new relationship provides.”
Duravant said the transaction brings together two global engineered equipment companies with complementary products, applications and connectivity solutions. Both companies have expertise in automation solutions, a commitment to innovation and longstanding industry relationships. By acquiring Motion06, Duravant will expand its ability to deliver material-handling solutions that ensure greater productivity, efficiency and profitability for customers worldwide.