Enerpac Tool Group Corp. has announced the completion of its acquisition of DTA The Smart Move, S.A., a Madrid-based leader in the industrial heavy loads transportation sector. The deal, valued at $24 million with an additional potential three-year earn-out, will be financed through cash and credit. Enerpac’s President and CEO, Paul Sternlieb, emphasized that integrating DTA’s automated on-site horizontal movement products would enhance Enerpac’s Heavy Lifting Technology portfolio. DTA is expected to generate approximately $20 million in revenue in FY 2025, with a neutral effect on adjusted EPS, excluding one-time transaction costs. Founded in 1972, DTA specializes in mobile robotic solutions for industries such as wind, rail, and aerospace. This acquisition aligns with Enerpac’s strategy to expand in automated industrial solutions, leveraging DTA’s technology and Enerpac’s global sales network.
Industrial Machinery, Automation,United States, Spain, Global
https://www.globenewswire.com/news-release/2024/09/05/2941358/0/en/Enerpac-Tool-Group-Announces-Acquisition-of-DTA.html