April 25, 2018
Murata Machinery acquired all shares of Swedish AGV manufacturer AGVE on February 28, 2018, and AGVE became a wholly owned subsidiary. Acquisition amount is not announced.
Murata Machinery adopts AGVE technologies to strengthen its AGV business and meet growing demand worldwide. The two companies will also strengthen after-sales by complementing each other’s specialty sales markets. AGVE sells AGV in 20 countries, mainly in Europe and the United States.