01/25/12
Frencken acquires US Motion
Frencken Group today announced that its subsidiary Frencken Europe B.V. has on 17 January 2012 entered into a stock purchase areement to acquire 80% equity interests in US Motion Inc. for US$ 2,636,000. Frencken sees the aquisition as a strategic move to strengthen the position of its Mechatronics Division as a global player in the high technology sector. US Motion is a profitable company with a high level of engineering capabilities. In this respect, the Group believes the acquisition will provide its Mechatronics Division with a valuable platform to enlarge its business opportunities in the USA and gain a portfolio of proprietary products.
Established in Washington, the USA, in 1998, US Motion is a high-technology solutions provider that designs, engineers and manufactures electro-mechanical products and systems. Besides offering project-basedmechatronics services, US Motion develops its own range of proprietary products which include precision measurement systems, brushless servo motors, optical rotary encoders and integrated systems. Operating from Spokane, Washington, US Motion employs a team of 30 people.
The aquisition is in line with the Frencken’s strategy to further strengthen the industry position of its Mechatronics Division as a global player in the high-technology capital equipment sector. US Motion will serve as a strategic platform for Frencken’s Mechatronics Division to increase its support to existing customers and also develop new customers in the USA, and thereby generate higher business volume especially for the highend products.
