Transaction Expands AIR’s U.S. Presence With Addition of a Leading Developer of Custom Automation Solutions for High-Technology Industries
Automated Industrial Robotics Inc. announced the acquisition of Owens Design, a Fremont, California-based industrial automation company with deep experience developing custom solutions for customers in high-tech industries. The transaction further strengthens AIR’s ability to align engineering capabilities across its United States, United Kingdom and Ireland footprint and deliver innovative automation solutions for its global customer base. AIR funded the transaction through an additional investment from an Ares Management Private Equity fund, in addition to an equity investment from the Owens Design leadership team.
Since 1983, Owens Design has helped accelerate the speed that customers can scale production and commercialize their products by delivering customized and integrated automation solutions. Owens Design partners with OEMs and manufacturers from startups to scaled public companies on highly complex design-build and manufacturing automation projects across semiconductor, renewable energy, data storage, medical product and other emerging technology end markets. Supported by approximately 100 experienced team members operating from a 60,000-square-foot facility footprint in Silicon Valley, Owens Design has established a track record of engineering excellence and proven development process that has resulted in the creation of over 3,000 bespoke tools to date.
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With the addition of Owens Design, AIR significantly enhances its presence in the high-growth semiconductor industry. Further, AIR expects to leverage Owens Design’s established capabilities in the semiconductor manufacturing space, including its ultra-high-precision handling expertise, clean room facilities and leading quality management systems, and apply these principles to other key end markets, including medical products and pharmaceuticals. With this transaction, AIR now has over 530 employees and an automation hub footprint of over 400,000 square feet globally.
AIR Executive Chairman Brian Klos and Chief Executive Officer Darragh de Stonndún said, “We are honored to partner with Bob and the entire Owens Design team on this exciting next chapter, which we believe brings a world-class business with truly differentiated automation capabilities and an impressive breadth of industry experience to the AIR platform. Importantly, the addition of Owens Design marks another transformative step as we work to further link the engineering excellence across AIR’s growing footprint and more effectively deliver cutting-edge, scaled manufacturing to our global customer base.”
Bob Fung, Chief Executive Officer of Owens Design, said, “I am proud of what Owens Design has been able to achieve in over 40 years as an independent company. In AIR, we have found a partner who shares our values of serving customers while creating a rewarding environment for our team members to challenge themselves and grow. AIR brings scale, geographic diversity and exceptional automation experience that will enable Owens Design to realize the significant growth opportunity in front of us. I look forward to continuing my leadership of Owens Design as part of AIR.”
Source: Businesswire