Swedish warehouse automation specialist makes move for two Midlands firms
Swedish private equity House Systematic Growth has swooped for two Midlands companies in the warehouse automation sector to add to its MotionTech business.
The business has bought Nottingham-based LAC Conveyors & Automation and Telford’s Holloway Control Systems.
LAC Conveyors & Automation specialises in the designing, manufacturing, and installation of automation solutions across various industries.
Holloway Control Systems is known for its expertise in developing advanced control and software systems. Holloway, established in 2008, has become a leader in industrial automation, with extensive experience in PLC programming, SCADA systems and a comprehensive WCS offering.
Louise Ringström Grandinson, CEO of MotionTech, said: “The addition of LAC and Holloway to our Group is not just an expansion of our capabilities, but a significant step towards realising our group vision to be a full service partner for customers in the automation market.”
Chris Unwin, CEO of LAC Conveyors & Automation, added: “Joining MotionTech is a thrilling development for LAC. This move is in line with our core values of engineering excellence, innovation and adventure.
“The partnership will broaden our horizon with focus on accelerating our European expansion and allows us to continue offering top-notch solutions to our clients as we have always strived to do.”
Michael Ryan, managing director of AMH Material Handling, part of the MotionTech group, said: “These exciting additions to our group further enhance our collective strength and market reach. I am looking forward to exploring synergies and opportunities with the newest members of the family.”
LAC and Holloway were advised Nottingham advisers John Sykes of Skye Corporate Finance. Marc Abrams of KPMG on tax with legal advice provided by Mike Matthews and Beth Wallace of Roythornes.
