Murata Machinery Ltd. a Japanese material handling company better known as Muratec, has acquired Cimcorp Oy, a Finnish company that provides logistics services for the tire industry. Terms were not disclosed.
The two companies will continue to operate as independent entities, Muratec said in a statement yesterday. Muratec said it is the world's fourth-largest provider, by sales, of material handling systems.
"Muratec and Cimcorp have complementary solutions and capabilities that will help us strengthen our market position," said Martti Artama, president of Cimcorp Oy. "The acquisition combines Cimcorp's experience and competence in robotic solutions with Muratec's warehouse automation technology."