Genuen Acquires Versatech, Expands Capabilities With Advanced Robotics And Automation Integration Solutions

Aug 13, 2021•about 4 years ago

Acquiring Company

Genuen

Acquired Company

Versatech

Description

Genuen, a leading provider of end-to-end test solutions for mission-critical applications, today announced that the company has acquired Versatech, an engineering firm that designs and integrates specialized robotic and production automation equipment. This acquisition comes on the heels of Genuen's recent expansion, and extends the company's ability to include production line automation and test.

Company Information

Company

Genuen

About

Genuen partners with innovative manufacturing companies to improve time to market while ensuring the highest product quality and safety standards. Genuen offers test and production automation solutions across the entire product lifecycle. With extensive experience in mission-critical applications and regulatory compliance Genuen delivers custom test systems, hardware-in-the-loop (HIL) simulation, hydraulic test, dynamometer test, test platform development, and production robotics automation and control development. Headquartered in Lenexa, KS, Genuen has offices and facilities across the United States and serves clients in multiple industries including aerospace, medical device, automotive, transportation and national security. The company's Quality Management System (QMS) is certified to ISO 9001. Contact: Morgan Norris morgan@trewmarketing.com SOURCE Genuen

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed