Lars Weibull AB was the sell-side advisor when IT Automation was acquired by Midroc Automation. IT Automation is an innovative automation company with long experience from IT- and automation solutions for process industries such as food industry, pharmaceutical, power/heating and water and sewerage industries. The customer base is primarily from the Scandinavian countries, but the company also has customers from several other European countries. IT Automation was founded in 2004 and is located in Malmö.
IT Automation focuses on solutions and systems from ABB and is today a Premium Value Provider and a Preferred Supplier to ABB. IT Automation is located in a growth region and has a high level of technical competence in systems where Midroc Automation has long wanted to strengthen itself. Hence, the acquisition is completely in line with the strategy of Midroc Automation.
“-The acquisition of IT Automation means that we further strengthen our expertise in ABB’s control system products. We also do this in a growth region with good access to highly skilled employees and with a market that broadens our customer base”, says Jonas Bergmark CEO of Midroc Automation.
If you want more information about the transaction, please don’t hesitate to contact project manager Oskar Tasso. Henric Stråth at Moll Wendén Law Firm has been part of the team and in charge of the legal issues.