Airbus Buys US Industrial-Robotics Business
13 December 2019 - 4:09AM
Dow Jones News
By Carlo Martuscelli
Airbus SE (AIR.FR) said Thursday that it has acquired a
historical partner, U.S. industrial automation business MTM
Robotics, for an undisclosed sum.
The airplane maker said that it will keep MTM's current staff
and leadership. The acquired business has worked with Airbus for
more than 10 years, Airbus said, with a number of MTM robotics
system in use in the company's manufacturing plants.
"The acquisition marks the latest step for Airbus in its
industrialization roadmap, aimed at leveraging the time- and
cost-saving benefits associated with using robotics in the
manufacture and assembly of its commercial aircraft," it added.
Write to Carlo Martuscelli at carlo.martuscelli@wsj.com;
@carlomartu
(END) Dow Jones Newswires
December 12, 2019 11:54 ET (16:54 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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