FOR MORE INFORMATION CONTACT:
William E. Bigot, Marketing Director
FOR IMMEDIATE RELEASE
CAMotion Acquired by PaR Systems, Inc.
ATLANTA, December 4, 2013. CAMotion and CAMotion Cranes Inc. today announced their acquisition by PaR Systems Inc.
PaR Systems is a world leader in providing advanced intelligent solutions for critical material handling, automation, and robotic applications. PaR has created fully integrated systems for a broad range of industries including aerospace, hazardous material/nuclear, life science and process automation, marine/defense, heavy material handling, and industrial.
CAMotion has supplied high-value process automation-based material handling equipment to some of the leading U.S. industrial companies and integrators to enhance manufacturing efficiency and throughput. A close relationship and on-going research activities with the Georgia Institute of Technology have enabled knowledge exchange and commercialization of technology for highly specialized, complex manufacturing operations as well as in the high-growth warehouse and distribution center automation arena.
The acquisition is designed to strengthen PaR’s Material Handling Business while expanding the impact of CAMotion’s material handling and crane technologies. “We are excited to be part of a company with PaR’s reputation and over 50 years of experience in the material handling and engineered product markets. Our team is excited knowing that our values, expertise, and operational capabilities align well." states Rob Loomis, President and CEO of CAMotion.
"CAMotion pioneered the use of advanced sensing, wireless safety, and motion synthesis, which complements a number of our client solution offerings and enhances the level of technology PaR offers. CAMotion brings disruptive technologies by delivering motion solutions that were previously either economically or technologically impossible.” states Mark Wrightsman, President and CEO of PaR Systems. “Like PaR, CAMotion’s customer base views them as a trusted partner for demanding and complex solutions and they continually adopt new technologies to add to their solutions arsenal. We are excited about the market opportunities CAMotion brings to the mix, and are pleased to welcome this quality organization to the PaR family," continued Wrightsman.
Read PaR Systems' full press release on the acquisition here.
ABOUT CAMotion: CAMotion is a Georgia Institute of Technology spin-off company. CAMotion's products are distinguished by the use of advanced motion control to achieve high precision and speed. CAMotion provides advanced crane control solutions, and manufactures high-speed case packing, palletizing and depalletizing machines.