# IAR Group Holding acquires Bachmann Engineering AG

IAR Group Holding AG acquired Bachmann Engineering AG, along with two other automation companies in Portugal and the USA, to expand into new industries and geographic markets.

- Type: Acquisition
- Announced: 2021-10-25
- Where: Switzerland
- Status: completed
- Products: automation and robotics systems
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [IAR Group Holding AG](https://endata.com/companies/58681.md) (acquirer)
- [Bachmann Engineering AG](https://endata.com/companies/58682.md) (target)

## Sources

- [finanznachrichten.de](https://www.finanznachrichten.de/nachrichten-2021-10/54289022-iar-group-holding-ag-erwirbt-per-sofort-die-bachmann-engineering-ag-095.htm), 2021-10-25: "Die neu gebildete IAR Group Holding AG, «Industrial Automation & Robotics Group», erwirbt per sofort die Bachmann Engineering AG und zwei weitere Automationsunternehmen."

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