Germany-based KUKA signed a letter of intent to acquire an interest in Reis Robotics, Elgin, Ill. KUKA proposes to purchase a 51% stake in the systems integration manufacturer with an option to acquire additional shares. The Reis family is currently the company's sole owner and will retain a 49% share upon deal closing. Other details about the transaction are subject to approval by the anti-trust authorities.
Reis is a systems integrator, as well as developer and maker of industrial robotics and robot controllers for a wide range of market sectors. The company applies robots and systems in numerous industrial processes such as welding, cutting and laser machining, as well making castings and plastic components.