RobotWorx: SCOTT TECHNOLOGY ACQUIRES ROBOTWORX

RobotWorx, an integrator of new and used robots for industrial automation, has been acquired by Scott Technology Limited, the New Zealand-based, publically-listed engineering and automation company.The principals of MelCap Partners, a middle market investment banking advisory firm representing businesses with sales between US$10m and US$250m, represented RobotWorx and its owner, Keith Wanner, in the sale of the business to Scott Technology. After a thorough, yet confidential, sales and marketing process carried out by MelCap, Scott was selected as the most logical strategic buyer for the business. Albert D. Melchiorre, president, and Marc Fleagle, vice president, led the team at MelCap, which has a long-standing working relationship with RobotWorx. The time zone difference - New Zealand is 16 hours ahead of the US Eastern Time Zone - led to communications challenges during the deal, said Melchiorre. "We needed to plan ahead and make sure we were coordinated in our communications."In terms of business benefits for RobotWorx, Scott will bring a much more sophisticated engineering capability to the company, which already boasts a strong industry presence as one of the most recognized robot integrators in the industry, said Melchiorre. "Through their dominant internet presence, Scott will be able to gain a much wider recognition in the US and abroad," he added.www.melcap.coal@melcap.comarc@melcap.co