Convergix Automation Solutions in Troy, backed by Crestview Partners of New York, has acquired AGR Automation, a UK-based provider of custom high-performance automation design and systems integrations, primarily for the life sciences industry. Terms of the transaction were not disclosed.
Following Convergix’s acquisitions of JMP Solutions in August 2021 and Classic Design in February 2022, AGR marks the third investment in Crestview’s strategy to build Convergix into a diversified automation solutions provider targeting the global market of 500+ billion, with a particular focus on the $70 billion global market. the systems integration and connectivity segments.
“The acquisition of AGR and its subsidiary Aylesbury Automation accelerates Convergix’s planned global expansion and marks our first foray into Europe,” said Mike DuBose, Executive Chairman of Convergix. “AGR brings industry-leading technical capabilities and exposure to strategic end markets such as life sciences and consumer goods, while expanding Convergix’s ability to grow.
“We are excited to partner with the AGR team to continue to build a world-class provider of custom automation solutions for global customers. AGR’s focus on quality engineering and commitment to customer satisfaction are well aligned with Convergix’s culture and strategy.We look forward to leveraging our existing operations in North America and India to create more opportunities for AGR to deliver exceptional customer solutions.
Founded in 1970, AGR designs, develops and integrates high value-added automated systems for multinational clients in various industries, including life sciences and consumer goods. With end-to-end systems integration capabilities and a focus on precision applications, AGR’s approximately 130 employees work across three sites in Scotland, England and Northern Ireland.
Derek Gaston, Managing Director of AGR, will remain in an advisory role, and his senior executives will continue in their current leadership roles.
“I am honored to have been part of building an innovative, high-quality automation systems provider that would not have been possible without the hard work and commitment of our exceptional team members and the loyalty of our customers,” says Gaston. “The AGR team is excited to join Convergix and leverage their operational expertise to accelerate AGR’s growth and improve our ability to serve our valued customers.”