Fuji Takes 34% Stake in Tower-Factory
Published: 09 May 2016
by Mike Buetow
FRIEDBERG, GERMANY -- Fuji Machine Manufacturing has taken a 34% stake in Tower-Factory GmbH, a manufacturer of component storage equipment.
An announcement regarding the investment indicated Tower's storage equipment is already integrated into Fuji’s material handling lines. The deal is intended to prepare the companies for future manufacturing solutions such as Industry 4.0 and IIC.
Financial terms were not disclosed.
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