Vaaka Partners has sold its holding in Robotronic to Victor Technologies

Current topics / Tuesday 31.07.2012

Victor Technologies announced on July 13,2012 that it has acquired all of the capital stock of Robotronic Oy. Established in 1986, Robotronic Oy is a leading maker of advanced, intelligent CNC controllers used in shape-cutting machines. ProMotion Controls, with operations in Medina, Ohio, is the U.S. subsidiary of Robotronic, with operations in Tampere, Finland. As a leading provider of cutting, welding and gas control solutions, Victor Technologies will incorporate all the acquired technology and operations into those of its Thermal Dynamics® brand.

“We are very pleased with the transaction and the fact that Robotronic’s innovative technology and services will be incorporated into a large international network allowing a strong further development”, says partner Ilkka Pentikäinen of Vaaka Partners.

Headquartered in St. Louis, Missouri, USA, Victor Technologies is a global manufacturer dedicated to developing innovative solutions for cutting, welding and gas control applications. Victor Technologies employs more than 2,100 people. Victor Technologies is a portfolio company of a private equity firm Irving Place Capital.

Press release
http://promotioncontrols.com/blog/victor-technologies-acquires-cnc-controller-developer-robotronic-oy-and-promotion-controls

The post Vaaka Partners has sold its holding in Robotronic to Victor Technologies appeared first on Vaaka Partners.

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