The acquisition will bring a suite of products and leading edge technologies that will add to existing solutions and capabilities in the material handling and crane technologies employed by PaR?s Marine, Aerospace, Industrial and Hazardous Environment businesses which enable PaR to add dramatic value for clients.
PaR Systems specializes in material handling, aerospace manufacturing, automation, and robotics which will be supplemented by CAMotion?s Cartesian robotic technology for pick-and-place systems, palletizing and de-palletizing machines and advanced crane motion controls.
CAMotion?s history of innovation and close partnership with Georgia Tech?resulting in wider commercial markets for complex manufacturing and warehouse operations?will add to PaR Systems? market opportunities in the company?s continued growth.
?CAMotion pioneered the use of advanced sensing, wireless safety, and motion synthesis, which complements a number of our client solution offerings and enhances the level of technology PaR offers. CAMotion brings disruptive technologies by delivering motion solutions that were previously either economically or technologically impossible,? Mark Wrightsman, CEO of PaR Systems, said in a statement.
Rob Loomis, President and CEO of CAMotion, echoed Wrightsman?s enthusiasm, saying, ?We are excited to be part of a company with PaR?s reputation and over 50 years of experience in the material handling and engineered product markets. Our team is excited knowing that our values, expertise, and operational capabilities align well.”
About PaR Systems Inc.?
PaR Systems, a portfolio company of MML Capital Partners (www.mmlcapital.com), is a world leader in providing advanced intelligent solutions for critical material handling, automation, and robotic applications that drive customer quality, safety, and productivity. Since 1961, PaR has created fully integrated systems, which are often first-of-a-kind manufacturing solutions, for a broad range of industries including aerospace, hazardous material/nuclear, life science and process automation, marine/defense, heavy material handling, and industrial. Headquartered in Minnesota, PaR Systems has global engineering and manufacturing centers of excellence. For more information on PaR Systems, visit www.par.com.