Transatlantic deal for Lektronix
Lektronix, the automotive repairs company based in Aldridge, has been acquired by US-headquartered Rockwell Automation.
Lektronix provides automation repairs, spares and other maintenance services for industrial automation products, including electric motor drives and industrial computers. Its customers include manufacturers from the food and beverage and heavy process industries.
The company's management team will join Rockwell Automation's control products and solutions operating segment.
Hedwig Maes, president of Rockwell Automation's Europe, Middle East and Africa region, said: "This acquisition accelerates the growth of the Rockwell Automation service business in Europe and further expands our customer presence in emerging economies."
Rockwell added that the deal created "an appealing value proposition" for its customers to enter into maintenance and technical service contracts with the company.
The details of the acquisition were not disclosed. Lektronix has approximately 290 employees across 11 facilities and eight repair centres in Europe, the Middle East, and Asia.
