Robotics integrator Eckhart acquired by private equity firm
Eckhart, a Wisconsin-based robotic systems integrator, has been acquired by private equity firm Arsenal Capital Partners. LFM Capital sold Eckhart to Arsenal Capital for an undisclosed amount.
Eckhart offers engineering, design, simulation and integration services, as well as proprietary tooling and other automation and robotics systems such as autonomous guided vehicles (AGVs) and collaborative robots. Eckhart’s solutions target e-commerce, engineered products, electric vehicles, transportation, and consumer product application.
In 2021, Eckhart was one of the first four integrators selected by Universal Robots to deploy its ActiNav next-generation machine loading solution. ActiNav combines real-time autonomous motion control, UR cobots, vision and sensor systems to automate bin picking tasks or machine tending applications.
“We are excited to announce this strategic growth investment from Arsenal, which will enable us to take our business to new heights, scale our team, and better serve our customers,” said Eckhart CEO Andy Storm. “Arsenal’s extensive knowledge of the sector and track record of building high-growth, innovation-rich industrial technology businesses gave us confidence that they are the right partner.”
“Eckhart’s solutions are critical to driving higher productivity, efficiency and precision, which is increasingly more valuable as customers compete on a global scale,” said Aaron Wolfe, an investment partner at Arsenal. “Arsenal plans to invest a significant amount of incremental capital to accelerate growth, augment the solution set, and further penetrate attractive end markets.”
“The partnership with Arsenal comes at an opportune time as our customers invest at a record rate in automation for their operations,” Daniel Burseth, VP of Eckhart. “With Arsenal’s industrial track record and continued investment in expanding capabilities, Eckhart will become an even more important partner to a global customer base.”
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