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DAIHEN CORPORATION ACQUIRES ROLAN ROBOTICS
Transition Corporate Finance advises Ox. Group, a predecessor of investor OxGreenfield, with the sale of Rolan Robotics to Tokyo Stock Exchange-listed Daihen Corporation
Amsterdam (5 April, 2024) – Daihen Corporation, a Japan-based listed company with more than 3,800 employees and an annual turnover of approximately €1.2 billion, globally active as a manufacturer and supplier of industrial robotic, welding, and plasma systems as well as various energy management solutions, has announced the acquisition of Netherlands-based Rolan Robotics. Rolan Robotics is a systems integrator specialized in robotization and product automation, with a focus on welding and product handling. The company supplies turnkey applications to the metal industry and various companies in logistics, agri and food, and various other industries. Transition Corporate Finance (TCF) acted as exclusive M&A advisor to the Seller in its divestment to Daihen and legal sell-side support was provided by Corporate Wise.
Daihen and Rolan Robotics already had a long-standing customer-supplier relationship, (i) Daihen is Rolan Robotics’ main supplier in the field of industrial robotic and welding systems under its brand name OTC and (ii) Rolan Robotics is the distributor of welding systems for Daihen in the Benelux. With the acquisition, Daihen strengthens its position in the robotics and welding market and takes a further step in reaching end customers (SMEs) in the Benelux, Northern France, and Germany. For Rolan Robotics, the acquisition means further assurance of the quality of Daihen’s technology and an opportunity to tap into a larger geographical area in the rapidly developing robotics market.
TCF represented: Seller
Transaction type: M&A
Countries involved: Netherlands, Japan
Industry: High Tech
Transitions: Automation, Robotization
Daihen has an active acquisition strategy in Europe. In addition to Rolan Robotics, the German-based welding equipment company Lorch was also acquired last year (August, 2023). “The acquisition of Rolan Robotics will accelerate European expansion, as a result we will reach the European sales target of more than ¥20 billion (€120 million) earlier than originally planned, 2025 instead of 2026”, according to Daihen.
The ongoing push towards automation is one of the main drivers for acquisitions in the robotics sector. The growth of the robotics market is driven by, among other things, a constant increase in efficiency needs and a shortage of skilled personnel. In addition, increased scalability and geographical expansion enables parties to achieve cost advantages. Daan Zandbergen, Partner at TCF adds: “The favorable long-term developments and growth expectations in the robotics sector have not gone unnoticed by both financial investors and strategic buyers, resulting in a strong appetite for assets in this segment and valuations that price in the overall growth expectations of the sector”.
Dirk Jan Renee, Partner at OxGreenfield: “We are proud that we have been able to take Rolan Robotics a step further during our investment period and are convinced that Daihen is the perfect party to offer Rolan Robotics a good future. We wish the people at Rolan Robotics all the best with this new shareholder. We would also like to thank Daan Zandbergen and Axel Fuhri Snethlage of TCF and Valerie Staal of Corporate Wise for their excellent advice in this transaction”.
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