Automated Industrial Robotics Inc. Acquires Robotics & Drives
Transaction Reinforces AIR’s Presence in
Vivian Farrell Promoted to President of Automated Industrial Robotics,
Founded in 2005 by Ken McNevin, Stephen Nolan and Sharon McNevin, RDS develops intelligent robotics solutions tailored to specific customer needs with the goal of increasing quality, efficiencies and competitiveness. In addition to these bespoke solutions, RDS delivers a wide range of standardized robotic offerings that are easy-to-install and mobilized with minimal downtime. RDS is one of the largest robotics solutions providers in
RDS’ capabilities in robotic software development and systems design meaningfully expand AIR’s offering for its diversified customer base. As part of AIR, research and development will continue to drive innovation in RDS’ solutions, and AIR will continue to leverage the significant engineering experience and capabilities in each of its hubs to offer a differentiated suite of automation offerings to simplify customers’ procurement processes. With the addition of RDS and its team of primarily engineers, AIR now has over 500 employees and an automation hub footprint of over 300,000 square feet across
In connection with this acquisition, the Company is also pleased to announce the appointment of Vivian Farrell to the role of President of AIR,
AIR Executive Chairman Brian Klos and Chief Executive Officer Darragh de Stonndún said, “We see tremendous growth potential in the demand for automated solutions, and we are excited to welcome the RDS team to AIR. We feel a strong sense of alignment with the RDS team and look forward to even greater opportunities for growth as we continue to invest in enhancing our talent, capabilities and innovation.”
Ken McNevin, Managing Director of RDS, said, “We are proud of the leading position RDS has earned in
Vivian Farrell, President of AIR,
Terms of the transaction were not disclosed.
About Automated Industrial Robotics Inc.
AIR is an industrial automation company focused on acquiring and facilitating the growth of leading industrial automation companies serving diverse end markets with strong operational histories and tenured management teams. Grounded in a culture of safety, transparency and pursuit of excellent customer experience, AIR seeks to leverage complementary teams and technologies to deliver innovative, cost-competitive solutions to address the complex and challenging needs of global businesses. With over 500 employees, AIR is currently serving a global customer base across four facilities located in
About Robotics & Drives
RDS was founded in 2005 in Mullingar in response to the growing need for Robotics and Automation for manufacturing in
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2024, Ares Management Corporation's global platform had over
View source version on businesswire.com: https://www.businesswire.com/news/home/20241007128370/en/
AIR
Dave Griffin, +353-87-2356521
dgriffin@industrialrobotics.com
Ares Management
Jacob Silber, +1-212-301-0376
Brennan O’Toole, +1-212-301-0391
media@aresmgmt.com or media.europe@aresmgmt.com
Source: Automated Industrial Robotics Inc.