Hitachi acquires US-based robotics firm JR Automation for $1.43b

Hitachi acquires US-based robotics firm JR Automation for $1.43b

REUTERS/Yuya Shino

Japanese industrial conglomerate Hitachi announced that it has agreed to buy JR Automation Technologies, a US-based firm that builds production lines and logistics systems using industrial robots, from private equity firm Crestview Partners for $1.43 billion.

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