Advertisements

Barnes Group Continues to Grow

Barnes Group 123 Main Street Bristol CT

Bristol based Barnes Group a global provider engineered products and differentiated industrial technologies, announced that it completed its acquisition of privately held Gimatic S.r.l. (“Gimatic”).

Gimatic designs and develops robotic grippers, advanced end-of-arm tooling systems, sensors and related components for industrial automation applications in end markets such as automotive, packaging, healthcare, and food and beverage.

Gimatic, headquartered in Brescia, Italy, has approximately 240 employees worldwide, with a sales and service network extending across Europe, North America and Asia.

Barnes Group purchased Gimatic for €370 million, subject to certain closing and post-closing adjustments. Barnes Group financed the transaction with cash on hand and additional borrowings under its existing credit agreement. Gimatic will operate as a business unit within Barnes Group’s Industrial segment.

“We are very pleased to complete the Gimatic transaction as it represents another significant milestone in the execution of our strategy to transform the Barnes Group portfolio,” said Patrick Dempsey, President and CEO of Barnes Group Inc. “Gimatic’s patented technologies and intellectual property based solutions, coupled with its strong market position, provide a highly attractive gateway into the industrial automation market.”

“We are excited to welcome Gimatic’s highly-skilled team to Barnes Group,” said Scott Mayo, Senior Vice President Barnes Group Inc. and President, Barnes Industrial. “With the accelerating adoption of robotic technologies, we expect favorable long-term industry trends will continue to support Gimatic’s growth into the future.”

Barnes Group products and services are used in far-reaching applications including aerospace, transportation, manufacturing, healthcare, and packaging.

Advertisements

The Central Connecticut Roundup is a popular local magazine covering central Connecticut news, Statewide news, National news, local events, commentary, and more.

 

The Roundup currently has over 5,700 subscriptions and a local social media following of over 95,000 readers across multiple social media sites, apps, pages, and groups.

 

The Roundup is also a proud member of WordPress. This affiliation offers readers more news from FOX 61 and CBS Connecticut on The Roundup.

Latest Stories From Roundup Partner : FOX 61

Wallingford hockey team dedicates season to coach who died of cancer

Wallingford hockey team dedicates season to coach who died of cancer

FOX61 first introduced you to the Wallingford Hawks, an under 12 hockey team that racked up several trophies en route to a New England Regional Championship. But it’s their tribute to their late assistant coach that has impressed so many. Scott DeFilio lost his battle with cancer during the season, but the Hawks rallied around the DeFilio family to dedicate the season to Scott’s memory. FOX61’s sports Kainani Stevens has their story.

UConn holds off Buffalo for 26th straight trip to Sweet 16

UConn holds off Buffalo for 26th straight trip to Sweet 16

STORRS— Napheesa Collier scored 27 points and grabbed 16 rebounds as UConn held off 10th seeded Buffalo 84-72 on Sunday night to move into the Sweet 16 for a 26th consecutive season. Katie Lou Samuelson and freshman Christyn Williams each added 17 points for the No. 2 seed Huskies (33-2). Cierra Dillard, the nation’s second leading scorer, had 29 points to lead Buffalo, which made a big run in the fourth quarter but could not overcome a 24-point second-half deficit. […]

Van crashes into Danbury church rectory

Van crashes into Danbury church rectory

DANBURY — A van crashed through a church rectory in Danbury Sunday. Fire officials said that they responded to 39 New Street on calls of a vehicle hitting a building. Once on scene, firefighters said that a full-sized van crashed through a building owned by the Philadelphia Pentecostal Church. The building was used a rectory. The van caused considerable damage to the structural supports to the second floor. Firefighters were able to use their rescue skills and specialized tool to […]

Rocky Hill firefighters rescue victim from roof of hotel

Rocky Hill firefighters rescue victim from roof of hotel

ROCKY HILL — Firefighters rescued a person from the roof of a hotel in Rocky Hill Sunday. According to the Rocky Hill Facebook page, firefighters were called to the Hampton Inn on Cromwell Avenue. A “stokes basket” was used to safely extricate the victim from the roof of the pool building. The victim was said to have sustained non-life threatening injuries and was taken to the local hospital. Multiple crews were dispatched to the scene and helped with the rescue.

Comments

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.