Acquisition of control of Tecnomatic

Acquisition of control of Tecnomatic

AFT, leading industrial automation player under its brands Comec, Arga and Fabes (www.aft-automation.com) part of Lambda Investments AG (www.lambda-invest.ch), a Swiss operational holding based in Zug, has today reached an agreement for the acquisition of control of Tecnomatic (www.tecnomaticrobots.it) and its controlled company GripService, specialised on service and spare parts resale. Tecnomatic is a leading company designing, manifacturing and serving industrial Robots for industrial applications based in Osimo (Italy) since 1987. These acquisitions are part of an integrated strategy of AFT to grow as a 'vertically' integrated insdustrial automation company able to serve and support Its customer base all across the World by providing integrated process manufacturing system solutions via custom made machines in 'all-in-line' approach for all markets segments served. We all believe with this acquisition AFT has accomplished a substantial step forward on its strategy and it has also granted business future development for Tecnomatic. The transaction is expected to be completed by 2020 year end. Lambda Investments AG is also confirming being in process to look for further acquisitions during 2021.