Bystronic acquires Antil
- January 13, 2022
Bystronic has announced it is increasing its existing 70 percent stake in automation specialist Antil S.p.A. and acquiring the remaining 30 percent minority stake.
The move comes as part of Bystronic’s strategic plan to strengthen its portfolio in the field of automation.
Bystronic acquired the first 70 percent of the family-owned Antil in San Giuliano Milanese (Province of Milan) in northern Italy in summer 2018. Since then, Bystronic has integrated Antil’s operations, doubled sales to approximately CHF 40 million at good profitability and increased the number of employees from 110 to 200.
Since the beginning of the year, the demand for automation solutions for laser cutting systems has grown well above average, Bystronic says. Effective November 30, 2021, Bystronic acquired the remaining minority stake of 30 percent in order to further increase customer proximity and expand the market.
Antil’s portfolio includes loading and unloading laser cutting and punching systems, automated sheet metal storage systems, and robot-assisted bending solutions for the gold segment. In Italy, Bystronic also operates its group-wide competence center for automation solutions.
“Automation is one of the core drivers of growth for both our customers and our own business,” says Alex Waser, Bystronic CEO. “With this acquisition, we are strengthening our portfolio in this crucial field and will thus be able to even more effectively address our customers’ needs. Based on our growth strategy 2025, we will offer our systems in all market segments, and over the coming months, we will leverage Antil’s know-how to develop additional automation solutions.”