Roanoke-based TMEIC Corp. Americas buys Spanish division
Orbita's ports division transferred April 1
Published
The Roanoke-based subsidiary of crane automator Toshiba Mitsubishi-Electric Industrial Systems Corp. has completed the acquisition of Spanish maritime terminal business Orbita Ingeniería S.L.’s ports and terminals division, as of April 1.
The companies did not divulge financial details. The acquisition was completed through TMEIC Port Technologies S.L.
TMEIC Corp. Americas, with presences in Roanoke and Katy, Texas, designs and develops advanced automation systems, large AC and DC motors, and photovoltaic inverters. Orbita, based in Valencia, Spain, offers automation services and engineering for ports and terminals customers.
“It is my pleasure to announce that Orbita’s expertise is now available to TMEIC,” President and CEO Manmeet S. Bhatia said in a statement. “Orbita has an international reputation for on-time, on-budget delivery of sophisticated port control projects. This acquisition will allow the new business to leverage the TMEIC Group’s global footprint.”
Operations in Roanoke and Spain will remain the same, according to a spokesperson from TMEIC, and the acquisition will not immediately create any jobs. Orbita’s Ports and Terminals Division will become employees of TMEIC Port Technologies in Spain.
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