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Solar Holding Inc., a U.S. subsidiary of Roth & Rau, is buying 100% of the shares of Romaric Corp., a manufacturing execution systems company based in Salt Lake City. In addition to boosting its presence in the U.S. market, Roth & Rau said it hopes to use Romaric's extensive experience in the field of software automation for semiconductor and other highly standardized manufacturing companies to extend its own products and services offering to its customers in the solar photovoltaic sector.
Romaric, which has a longstanding partnership with Roth & Rau's AIS Automation subsidiary, specializes in products that can simulate virtual factories already in the planning stage and long before completion of construction work. It also has tools that can test software interfaces without the need for the physical installation of the hardware to be controlled.
The purchase price was in the "low single-digit million U.S. dollar" range, according to the companies.
"By making this takeover, we are expanding our international presence in the field of factory
automation, a strategically important business area not only for our turnkey production lines,
but also for the management of our individual equipment business," said Carsten Bovenschein, who is responsible for IT in his role as CFO of Roth & Rau. "Together with our subsidiary AIS Automation Dresden, Romaric will make a key contribution toward standardising the photovoltaics industry in this area."
