Angeles Equity Partners, a industrials-focused private equity firm based in Santa Monica, has acquired the industrial robotics manufacturer Acieta from the Japanese trading company Mitsui & Co. The terms of the deal, which was announced late last month, were not disclosed.
Acieta, which is headquartered in Waukesha, Wisconsin, will expand Angeles’s robotics integration platform into broader end markets including agriculture, welding, and construction. This platform now holds four companies in total, including RĹŤBEX, Mid-State Engineering and Vantage, all based in the Midwest.Â
Acieta’s two manufacturing plants, based in Iowa and Wisconsin, will continue to operate, but the acquisition could mean the products and services will integrate into Angeles’ existing manufacturing operations around the country.Â
“This combination is designed to provide our customers an expanded reach, additional resources, and what we view as unmatched industry experience to advise on optimizing all processes to maximize returns on their robotic-equipment investments,” said Robby Komljenovic, the chief executive of Acieta.
The industrial robotics manufacturer has operated for more than 40 years, expanding as the integration of robotics and automation scales for manufacturers around the world. According to its website, Acieta’s tech can be used across disciplines with fine dexterous movements.
Angeles continues to build this robotics platform as investors look to reshore manufacturing capabilities amid global economic uncertainty. According to 2022 figures from the Census Bureau, companies are constructing U.S. manufacturing facilities at a higher rate than any other property type.