International technology group Körber, headquartered in Hamburg, Germany, is planning to acquire the company Fargo Automation, Inc., based in Fargo, North Dakota, US, subject to the approval of the Körber AG supervisory board.
Fargo Automation designs and manufactures automated packaging equipment for the pharmaceutical and medical device industries. The objective of the acquisition is to further expand the Körber Group’s business area Pharma Systems. This business area offers solutions for safe and efficient processes in the manufacture and packaging of pharmaceutical products as well as pharmaceutical traceability.
As the holding company of the business area Pharma Systems, Körber Medipak Systems AG and its Northern American subsidiary, Körber Medipak Systems NA, Inc., are aiming to utilise the acquisition to extend offerings for their pharmaceutical and biopharmaceutical customers.
“We highly welcome the opportunity to expand our activities in the growing pharma market together with Fargo Automation,” emphasised the chairman of the Executive Board of Körber AG, Stephan Seifert. “Integrating Fargo Automation into our technology portfolio will add exciting new products and solutions for our customers and at the same time will broaden our international footprint.”
“Within our business area, Fargo Automation can benefit from our extensive technological know-how and long-time experience in the pharmaceutical market,” added Clemens Berger, CEO of Körber Medipak Systems. “Fargo will be a perfect match for the existing Medipak Systems companies, as the products are complementary to each other. Thus, we will be able to support our customers in the North American markets with a much wider spectrum of integrated offerings.
“Körber will be the ideal strategic partner for us,” said Kevin Biffert, president of Fargo Automation. “Becoming part of Medipak Systems will add value for our existing and potential customers while the acquisition will open up new, long-term and international perspectives for us.”