# Scott Technology agrees to buy Alvey Group for €12.1M

Scott Technology agreed to acquire European industrial automation specialist Alvey Group for €12.1 million, to speed up expansion and access to international markets. The acquisition is expected to close on April 4, 2018.

- Type: Acquisition
- Announced: 2018-02-20
- Where: Belgium
- Value: $15.0M (12.1M EUR)
- Status: announced
- Products: palletising, conveying and warehouse automation systems
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Scott Technology](https://endata.com/companies/18297.md) (acquirer)
- [Alvey Group](https://endata.com/companies/18298.md) (target)

## Sources

- [businessdesk.co.nz](https://www.businessdesk.co.nz/news/scott-technology-agrees-to-buy-alvey-group-to-speed-up-expansion/FSUWI4XRHZKMVA7YX2QTOUQ3SA/), 2018-02-20: "Scott Technology has agreed to buy European industrial automation specialist Alvey Group for 12.1 million euro, speeding up its expansion drive and access to international markets."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.