NUVESCOR ADVISES AUTOMATION & MODULAR COMPONENTS, LLC (AMC, LLC) ON ITS SALE TO COESIA
NuVescor Group is pleased to announce the successful sale of Automation & Modular Components, LLC. (AMC, LLC.) to Coesia. Through its Company FlexLink, Coesia has closed the acquisition of 100% of the share capital of AMC, LLC.
Automation & Modular Components, LLC (AMC), headquartered in Davisburg, Michigan, USA, is a manufacturer of material handling automation systems with integrated controls, as well as conveyors for integration into assembly systems and production lines. AMC serves many industries including Automotive, Food, Medical, Appliance, Metalworking, Electronics, Packaging, Munitions, Parts Processing, Glass, Pharmaceutical, Alternative Energy including Solar, Container Handling, Household Products, and Assembly & Material Handling.
AMC will strengthen Coesia’s and FlexLink’s presence on the US market, particularly strengthening its capabilities in the battery sector and broad-spectrum material handling applications.
“We are glad to welcome AMC in our Group, and we consider this company a strategic asset especially for the development of FlexLink whose robotic and material handling expertise will be further enhanced and expanded by AMC’s heavy weight conveyance systems,” says Alessandro Parimbelli, Chief Executive Officer of Coesia. “The introduction of AMC into Coesia’s portfolio in the United States will enhance the organization’s capabilities and allow the group to continue on its path to being a dominant solution provider in the automation industry.”
“Coesia with FlexLink is the perfect home for AMC to continue on its growth path and further expand its global presence, continuing to help companies in over 25 industries across six continents to produce goods faster, with more consistency,” says Dick Shore, former owner of AMC.
Coesia plans to continue investing in automation technology. The sector has attractive growth that will continue long into the future. The Group will continue to support inorganic and organic growth in the United States and globally.
NuVescor Group acted as the M&A advisor for AMC and facilitated the connection between Coesia and AMC. “AMC is a wonderful business with unique capabilities in the manufacturing space. We wanted to find the perfect fit to allow them to continue to grow in that space,” says Randy Rua, President of NuVescor.