PRESS RELEASE

Issued 3 November 2014 – for immediate release

Muratec acquires Cimcorp

Murata Machinery Ltd (Muratec) of Kyoto, Japan, acquired all of the issued stock of Cimcorp Oy of Ulvila, Finland, from the existing shareholders on 30 October, making Cimcorp and its subsidiaries members of the Muratec Group.

Both Muratec and Cimcorp are leading companies in their respective business fields in the global material handling industry. Muratec is ranked as having the fourth highest annual sales in the world amongst solution providers for material handling systems, while Cimcorp is the top supplier for intralogistics automation in the tyre industry, as well as having unique solutions for a variety of retail and distribution applications.

Muratec and Cimcorp will continue their businesses as independent companies as they have done until now, offering customers the systems for which they are already renowned. The acquisition means, however, that the two companies will also be able to provide clients with solutions that offer the full advantage of the systems of both Muratec and Cimcorp, making the Muratec-Cimcorp Group a truly one-stop-shop for material handling automation.

"Muratec and Cimcorp have complementary solutions and capabilities that will help us to strengthen our market position," stated Martti Artama, President of Cimcorp Oy. "The acquisition combines Cimcorp's experience and competence in robotic solutions with Muratec's warehouse automation technology." 

Co-operation will begin immediately, with both companies taking advantage of the possibilities to enhance service coverage by utilizing the global networks that Muratec and Cimcorp have established, aiming to provide best-in-class service performance for customers. "For the future," continued Martti Artama, "we aim to introduce new innovations for various manufacturing and distribution industries by integrating the experience and know-how that both Muratec and Cimcorp have developed. We are convinced that we can realise very compelling solutions with high returns on customers' investments." 

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A high-resolution version of the image below is available on request fromheidi@bridgeland-copyright.co.uk

Martti Artama, President of Cimcorp Oy

About Muratec

Murata Machinery was established in 1935 and now has 6,300 group employees and annual sales of more than 1.6 billion euros (March 2014). It has expanded its fields to include textile machines, machine tools, material handling systems, communication equipment and factory automation for clean rooms. The business unit that is the counterpart of Cimcorp, the Logistics & Automation Division, was started in 1962. It has delivered 6,000 systems to approximately 5,000 customers in various industries in over 20 countries.

www.muratec.net

About Cimcorp

Cimcorp Group – which consists of Cimcorp Oy and Cimcontracting Oy in Finland and RMT Robotics Ltd in Canada – was established in 1970 and has annual sales of some 60 million euros (estimated in 2014). Cimcorp has become a leading supplier worldwide of material handling systems for the tyre industry and is also strong as a supplier to the food & beverage, postal and e-commerce sectors. The group has around 300 employees and has delivered 2,000 robotic systems in 40 countries across five continents.

www.cimcorp.com

Company contact:
Paula Ovaskainen, Marketing Manager

Cimcorp Oy

Tel:  +358102772221

Media contact:
Heidi Scott, Partner
Bridgeland Copyright
Tel: 01622 832598
E-mail:heidi@bridgeland-copyright.co.uk