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Endurance Technologies acquires 100% stake in Ingenia Automation, Italy · Endata

◂ Announcements

Automation and Roboticsworld trade 2024+4.2% 5Y CAGR

May 31, 2024ACQUISITIONTurin, Italy

Endurance Technologies acquires 100% stake in Ingenia Automation, Italy

Endurance Technologies, through its subsidiary Endurance Overseas Srl, acquired 100% of Ingenia Automation Srl in Turin, Italy. The consideration is up to 3.6 million euros, including an earn-out. Ingenia designs and installs industrial automation systems.

Value

$3.90M (3.60M EUR)

Status

Completed

Productsindustrial automation systems

CompaniesEndurance Technologies acquirer Ingenia Automation target

Sectors#Automation and Robotics

“This strategic acquisition will bolster the Group's skills in industrial automation and expand its presence in the value chain through backward integration.”business-standard.com

1 source
business-standard.comEndurance Technologies announces acquisition of 100% stake in Ingenia, Italy | Capital Market News - Business StandardCapital MarketJun 1, 2024

Summarized from public sources; check the original articles before acting on it.

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