Ares Management Launches Automated Industrial Robotics Inc.
Ares Management Corporation (NYSE: ARES) announced the launch of Automated Industrial Robotics Inc., a newly formed industrial automation company designed to capitalize on increasing global demand for manufacturing automation solutions. An Ares Private Equity fund has invested substantial equity capital to support AIR’s acquisition and organic growth strategy.
AIR is focused on acquiring and facilitating the growth of differentiated 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. AIR will seek to grow through strategic investments in the technologies of the future, in pursuit of delivering excellence in automation.
In connection with the launch of AIR, the Company has acquired two foundational companies, Totally Automated Systems (“TA Systems”) and Modular Automation (“Modular”). Based in Detroit, Michigan, TA Systems has a more than 45-year history of designing and manufacturing fully integrated and stand-alone assembly machines for automotive, home appliances and other sectors. Based in Shannon, Ireland, Modular has been operating for nearly 40 years and is a leading automation solutions provider in the medical technology industry. These two companies bring a strong cultural and technological alignment as well as deep industry vertical knowledge and experience.