Addtronics, a mission-driven holding company focused on acquiring and growing leading robotic automation solution providers, has announced its acquisition of Bow Robotics. Based in West Chester, Ohio, Bow specializes in spare-parts, rebuild and repair services, and preventative maintenance for industrial robots used across various industries nationwide. This marks Addtronics’ third addition to its family of companies, following the acquisitions of Dynamic Design Solutions and Missouri Tooling and Automation.
The acquisition enables Addtronics to enhance its portfolio by adding aftermarket parts and services. Kaho Partners, a thesis-driven private equity firm, backs Addtronics.
The terms of the deal were not disclosed. Holland & Knight, PLLC served as counsel to Kaho in the transaction.
Bow Robotics, founded in 2009 by William Bow, brings nearly 30 years of experience in the robotics industry. Mr. Bow will continue to lead the organization as President and work closely with the Addtronics leadership team.
Mr. Bow expressed his enthusiasm for joining Addtronics, stating, “The Bow Robotics team is excited to join Addtronics and leverage our aftermarket services expertise to further accelerate the growth of both Bow and Addtronics. Joining the Addtronics family of companies strengthens our position as a leading aftermarket services provider, and it provides an even stronger platform from which we can better serve our customers.”
Jerry Osborn, President of Addtronics, highlighted the significance of the Bow acquisition, stating that it contributes to Addtronics’ growth and brings substantial scale and capabilities to the organization. Osborn also expressed his respect for Bill Bow’s strong reputation in the industry, emphasizing the partnership’s alignment with Addtronics’ mission of revitalizing American manufacturing.
Max Katzenstein, Co-founder of Addtronics and Managing Partner of Kaho, discussed the strategic expansion into aftermarket services facilitated by the Bow Robotics acquisition. Katzenstein noted that it strengthens Addtronics’ position in system design and integration while broadening its service offerings to customers.
Addtronics is actively seeking additional businesses to join its family of robotic automation solution providers. The company values autonomy and the entrepreneurial spirit, and ideal candidates will align with its mission-driven approach.
