Murata Machinery acquires AGVE to expand global AGV business

April 25, 2018

On February 28, 2018, Murata Machinery announced the acquisition of all shares of AGVE, a Swedish manufacturer of automated guided vehicles (AGVs), making AGVE a wholly owned subsidiary. The financial terms of the acquisition were not disclosed.

With this acquisition, Murata Machinery aims to strengthen its AGV business by integrating AGVE’s technologies. The company intends to respond to the growing global demand for automation by leveraging the complementary strengths of both companies.

AGVE has a strong presence in Europe and the United States, selling AGVs in 20 countries. By combining their sales networks and technologies, Murata Machinery and AGVE will also enhance their after-sales support systems.