MANITOU Group has completed the acquisition of Sitia’s robotics division.
In accordance with the firm’s LIFT strategic roadmap unveiled last month, Manitou Group said it is positioning robotics as a ‘foundational element’ of its innovation strategy.
A team of seven robotics specialists will integrate into Manitou Group’s R&D teams. The acquisition also encompasses the intellectual property of Sitia’s robotics division.
Manitou added that Sitia’s robotic acumen will enable the group to expedite the development of high value-added products and services. The company will establish a new ‘Manitou Group Robotics’ division, due to commence later this year.
Julien Waechter, VP of R&D at Manitou Group, said, “Sitia has been a partner with whom we have collaborated for nearly a decade, and which has embarked on its transformation towards cutting-edge robotic activity. Through this acquisition, we shall enrich our capabilities with a team of recognised experts, benefit from proven technological building blocks, coupled with Manitou Group’s established know-how.
“Our aspiration is to thus fortify our leadership position to continue innovating and to advance further in the development of solutions, thereby meeting the evolving expectations of our customers.”
Clément Aubry Tardif, director of the robotics division, added, “We are delighted to dedicate our expertise to the service of a leader in material handling. The team is particularly enthusiastic about the prospect of contributing to Manitou Group’s new strategic roadmap.”
