Matthews International wraps buy of OLBRICH GmbH and R+S Automotive GmbH, extends engineering capabilities for energy
August 22, 2022Pittsburgh, PA-based Matthews International
Corp. has closed on the previously-announced acquisitions of
Germany-based engineering firms, OLBRICH GmbH and R+S
Automotive GmbH for approximately US$45 million.
Headquartered in Bocholt, Germany, OLBRICH is a production and intelligent
equipment manufacturer, specializing in purpose-built rotary processing
equipment, including equipment used in the manufacturing of dry and wet
electrodes for lithium-ion batteries uses in electric vehicles and components
for hydrogen fuel cells and electrolyzers, with additional strong positions in
Specialty & Pharma, Packaging and Home & Décor. R+S Automotive is a
specialty engineering services provider of automation, plant and tooling
concepts for automotive manufacturing companies around the world. The Company
plans to integrate OLBRICH and R+S Automotive with its Saueressig Engineering
and Energy business, part of its Industrial Technologies segment focused on
high-precision engineering for a broad range of industrial automation
applications including high-tech custom energy solutions, surfaces, marking,
and coding systems.
Joseph C. Bartolacci, president/CEO-Mathews International, says, “We are
extremely excited to acquire OLBRICH and R+S Automotive as part of our
long-term strategy to offer an extended portfolio of purpose-built engineered
equipment and services for the burgeoning electric vehicle and broader green
energy market. Our combined capabilities offer innovative solutions to
accelerate development of an end-to-end solution for dry-electrode battery
production and other energy solutions. Together, our offering will have
significant impact on the mass market adoption of electric vehicles and benefit
the entire energy solutions industry. This strategic acquisition continues our
investment in technologies and accelerates commercializing new innovations
across multiple industrial automation applications.”
With the acquisition of OLBRICH and R+S Automotive, Matthews International
expands its global presence and solidifies itself as a key player in the energy
solutions sector.