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September, 2006 Pragati Maidan, New Delhi, India |
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DE-STA-CO Acquires Industrial Motion Control
DE-STA-CO, an operating company within the Material Handling platform of Dover Corporation's Industrial Products segment, and worldwide leader in robotic tooling, work-holding and flexible industrial automation solutions, recently announced the acquisition of Industrial Motion Control (IMC), which has annual revenues of approximately $50 million.
Serving a global customer base, IMC is one of the world's leading industrial automation manufacturers of mechanical motion control products, including high precision camactuated index drives, parts handlers and precision link conveyors, which are integrated into advanced factory automation systems used in paper conversion, consumer products, packaging, semiconductor, automotive, medical and pharmaceuticals. IMC's industry leading brand names of Camco and Ferguson have a reputation for high load, high speed and high accuracy industrial automation applications.
“IMC's products serve a variety of attractive end markets and are a key upfront consideration in the design of new industrial automation systems,” commented Pat Carroll, President, DE-STA-CO. “Their products' strong brand names and channels combined with early visibility into industrial automation project requirements will pull through additional DE-STA-CO automation products. We are very pleased to welcome IMC to Team
DE-STA-CO,” he added.
“We are very excited about this new partnership, knowing that DE-STA-CO products are complementing IMC's product portfolio very well. It gives us the opportunity to offer a more comprehensive solution to our customers as they concept and design their industrial automation systems,” said Jeff Peterson, President, IMC.
DE-STA-CO will be exhibiting its products at IPS 2008.
akmurthy@destaco.com
Date: 14-Jul-2008
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