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Seale & AssociatesCreative Solutions. Trusted Advice.
INDUSTRIAL AUTOMATION
2021
INDUSTRIAL AUTOMATION
Seale & AssociatesCreative Solutions. Trusted Advice.
Industrial Automation2021
The rising implementation of industrial automation has led to productivity
increases optimum operation costs, better safety conditions in work
environments, and an overall higher-quality production.
• Fixed / Hard Automation: Fixed
and repetitive operations to
produce more efficiently
• Programmable Automation:
Assembling or processing
operations can be changed by
modifying the control program of
the automated equipment
• Flexible / Soft Automation:
Flexible for making changes in
the product design; changes
can be performed quickly
through commands (codes)
Sources: Gartner, GlobeNewswire
Seale & AssociatesCreative Solutions. Trusted Advice.
INDUSTRY TRENDS
Sources: Gartner, GlobeNewswire, Oxford Economics
• Higher use of autonomous mobile robots (AMRs) in manufacturing and
logistics, increasing productivity and efficiency in warehouses and along
supply chains. Currently, each newly installed robot replaces, on average, 1.6
workers within the manufacturing industry
• Higher use of machine vision, combining both image capturing and
processing into a single device. It facilitates automatic inspections and
process controls
• Artificial intelligence (AI) and sensor technology continue to allow pattern
identification within data related to mechanical issues and breakdown,
striving to correct and solve failures without further intervention
• Collaborative robot applications will allow individuals to simultaneously
focus on other tasks, aiming to exploit their own skill sets
• Better simulation will help reduce the need for physical prototypes and
testing by allowing to digitally design and model assembly lines, processes,
resources and objects that will then be physically replicated and implemented
within facilities
Industrial Automation2021
Seale & AssociatesCreative Solutions. Trusted Advice.
INDUSTRY REVENUE
Sources: BIS Research, Fortune Business Insights, Mordor Intelligence
64.669.2
74.5
80.5
87.5
95.6
105.1
0
20
40
60
80
100
2019 2020 2021 2022 2023 2024 2025
Global Smart Factory and Manufacturing Market Revenue (US billion)
Revenue Share by System Type
15.1%
12.9%
10.3%
9.8%9.6%
9.5%
7.3%
5.3%
4.4%
15.9%
Supervisory Control and Data Acquisition System (SCADA)
Electric Motors
Distributed Control System (DCS)
Process Safety Systems
Sensors & Transmitters
Human Machine Interface (HMI)
Programmable Logic Controller (PLC)
Manufacturing Execution System (MES)
Valves & Actuators
Other
The global industrial automation industry is expected to reach US$105.1 billion in
revenue by 2025.
Industrial Automation2021
Seale & AssociatesCreative Solutions. Trusted Advice.
GLOBAL MARKET SHARE
Sources: BIS Research, Mordor Intelligence
13.5%
11.0%
10.0%
8.5%
6.0%
50.0%
Smart Factory and Manufacturing Global Market Share
Market Size: US$64.6 billion (2020)
Industrial Automation2021
Others
Seale & AssociatesCreative Solutions. Trusted Advice.
INDUSTRIAL AUTOMATION
Sources: National Center for Biotechnology Information, RobotIQ, SME Org
Automotive: Collaborativerobots (cobots) areincreasingly being used forrepetitive and dangeroustasks, while workingalongside humans
Electronics: Byhandling simple tasks,companies are usingrobots to keep up withthe increasing demandfor devices such assmartphones, TVs, andtablets
OTHER INDUSTRIES
BENEFITTED BY AUTOMATION
Medical: Medical robots areincreasingly being used insurgeries to accuratelymanipulate instrumentsthrough small incisions
Welding: Uses robotsto increase theprocess’ speed,precision and quality,through aprogrammed path
Food Service: Robots thatperform simple cooking taskslike spreading and mixingingredients, or addingtoppings, are helpingrestaurant chains to ensurequality standards
Industrial Automation2021
GLOBAL INDUSTRY – COMPARABLE PUBLIC COMPANIES
Seale & AssociatesCreative Solutions. Trusted Advice.
Sources: Capital IQ, S&P Market IntelligenceIndustrial Automation2021
2019 2020EV/
EBITDA
EV/
Revenue
ABB Ltd CHE $59,011 $60,953 $26,134 10.5% 14.0x 15.8x 20.9x 2.5x
AMETEK, Inc. USA $28,186 $29,560 $4,540 28.7% 16.0x 17.2x 21.8x 6.5x
Datalogic S.p.A. ITA $1,117 $1,170 $608 10.2% 10.1x 9.9x 16.9x 1.9x
Emerson Electric Co. USA $54,627 $60,633 $16,795 22.0% 12.4x 11.6x 15.4x 3.6x
Honeywell International Inc. USA $143,677 $151,917 $32,637 23.5% 14.0x 14.5x 19.1x 4.7x
Mitsubishi Electric
CorporationJPN $32,442 $31,524 $40,239 10.4% 5.9x 6.3x 7.5x 0.8x
Murata Manufacturing Co.,
Ltd.JPN $54,838 $53,524 $15,343 27.4% 8.6x 10.6x 13.3x 3.7x
National Instruments
CorporationUSA $5,626 $5,455 $1,287 12.4% 21.6x 20.0x NR 4.2x
OMRON Corporation JPN $16,190 $14,513 $6,291 12.5% 10.3x 15.6x 19.1x 2.4x
Rockwell Automation, Inc. USA $29,398 $31,476 $6,211 19.6% 14.4x 18.0x 23.5x 5.1x
Schneider Electric S.E. FRA $80,930 $90,133 $30,776 18.1% 11.2x 12.7x 16.4x 3.0x
Siemens Aktiengesellschaft DEU $122,925 $162,010 $70,379 13.1% 11.6x 12.3x 18.4x 2.4x
STMicroelectronics N.V. CHE $30,570 $29,747 $10,219 22.2% 7.7x 12.0x 13.1x 3.0x
TE Connectivity Ltd. CHE $43,029 $46,454 $12,526 20.5% 11.0x 12.1x 18.1x 3.7x
Yokogawa Electric
CorporationJPN $5,181 $4,880 $3,651 13.6% 9.2x 7.4x 10.0x 1.4x
NR: Not Relevant Mean 11.9x 13.1x 16.7x 3.3x
Median 11.2x 12.3x 17.5x 3.0x
Company Country
Market
Cap.
US$MM
Enterprise
Value
US$MM
Revenue
US$MM
EBITDA
Margin
Annual Average
EV/EBITDA
Last Update
Mar. 5, 2021
REPRESENTATIVE GLOBAL INDUSTRY TRANSACTIONS
Seale & AssociatesCreative Solutions. Trusted Advice.
Sources: Capital IQ, S&P Market IntelligenceIndustrial Automation2021
Nov-20 Cimetrix, Inc. USA
Develops a software for equipment
connectivity, and control and analytics
in smart manufacturing
Acquired for US$35.0 million
Nov-20 MFI GmbH DEU
Provides intralogistic solutions and
robot systems solutions for in-house
material flow
-
Oct-20 WEBfactory GmbH DEU
Develops system integration software
for supervisory control and data
acquisition (SCADA) projects
Acquired the remaining 25.1% stake
Oct-20 Oakwood Technologies BVBA BEL
Develops an artificial intelligence-
based robotic process automation
(RPA) software
Acquired for US$3.5 million
Oct-20 Progea Srl ITA
Develops industrial automation
software products for visualization,
data acquisition, and management
-
Aug-20Another Monday Service
GmbH DeutschlandDEU
Designs, develops, and offers robotic
process automation (RPA) software-
Apr-20 ProLeiT AG DEU
Develops automation and process
control technology software solutions
for industrial process plants
-
Feb-20Industrial Automation
Partners B.V.NLD
Develops automation solutions for the
process industry and infrastructure
Industrial Automation Partners
B.V.-
Nov-19 BobCAD-CAM Inc. USA
Develops computer-aided design
(CAD) and computer-aided
manufacturing (CAM) software
-
Oct-19AIS Automation Dresden
GmbHDEU
Develops software for control and
automation solutions, and production
oriented IT solutions
Acquired for US$14.1 million
Jul-19Provectus Robotics
Solutions, Inc.CAN
Designs, develops, and controls
advanced robotic system and ARIS
software
-
Jul-19 Digitize.AI Inc. USA
Develops Robotic Process Automation
(RPA) and Artificial Intelligence (AI)
technological solutions
-
Mar-19 EnableSoft, Inc. USA
Provides Foxtrot, a robotic process
automation software solution for data
entry tasks
-
Feb-19 MH-Automation ApS DNKProvides industrial automation
solutionsMH-Automation ApS -
Jan-19 Emulate3d, Inc. USA
Develops cost-effective software
products that facilitate the
demonstration, understanding, and
sale of Automated Material Handling
-
Nov-18 MVP Systems Software, Inc. USAProvides IT automation and
optimization solutions-
Oct-18 Turnkey Solutions Corp. USA
Develops end-to-end business
process testing and test data
management solutions
Turnkey Solutions Corp. -
Apr-18 ThinkSmart LLC USA
Develops digital transaction
management (DTM) software that
helps design, build, and deploy
automated workflows
-
Nov-17 A & D Automation Oy FINDesigns and implements process and
machine automation applicationsA & D Automation Oy -
Jul-17 nxtControl GmbH AUTDevelops automation software and
hardware-
Sep-16Perfection Automatiseringen
BVNLD
Provides automation services to
administrative and logistical
processes
-
Buyer Additional NotesDate Target Country Description Seller
REPRESENTATIVE GLOBAL ENGAGEMENTS
Holding company of
has partnered with
a subsidiary of
has sold
to
Its sanitaryware
businesses
and
a business unit of
has sold
Cosmocel Química
to
intelectiva®
has acquired
KFC Costa Rica
from
Grupo Galaz, S.A de C.V.
dealerships from
Workshop and store in
Mexico City from
has acquired
has acquired has been acquired by
has been acquired by
has acquired
has acquired
has been acquired by
has been acquired by
has merged its
beverage division
with
has sold its concrete
pumping business tohas acquired a majority
stake in
Washington, D.C. | Miami | Mexico City | Monterrey
has been acquired by
has been acquired by
Grupo Educativo
IEJV
has acquired
The Zinc Recycling
Business
of
has sold
to
GE Power
Systems
has acquired has acquired has acquired
has sold
to
and
JBI Holding SAS
has been acquired by
a subsidiary of
has sold
to
and
A division of Carrier Commercial Refrigeration, Inc.
has been
recapitalized by
has sold the North
American
guarding business of
to
has acquired
has been acquired by
has sold
to
and
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ADVISOR TO LEADING COMPANIES WORLDWIDE
CONTACT INFORMATION
Please contact us if you would like further information about M&A trends and/or specific transaction multiples for your industry
Contact Information
James A. Seale
President
Brett M. Carmel
Senior Managing Director
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Senior Director
Sergio Garcia del Bosque
Managing Director
Adan Sierra
Managing Director
Carlos Hernandez
Managing Director
Alejandro Montemayor
Vice President
Armando RiosAssociate
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Sofia Felix
Business Development
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Andre de LachicaJunior Analyst
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