Keyence Corp., the ¥754 billion ($6.95 billion) Japanese robotics powerhouse, has purchased Germany’s Cadenas Technologies, a specialist in parts management databases using 3D computer-aided design.
The acquisition, announced Tuesday, marks a strategic step for Osaka-based Keyence to deploy its substantial cash reserves, which investors have long urged the company to utilize. Founded in 1992, Augsburg-based Cadenas develops software solutions connecting component manufacturers with buyers across various industries.
Keyence, which manufactures factory automation equipment including sensors and vision systems, anticipates synergies from integrating Cadenas’ software capabilities with its hardware offerings. The deal extends Keyence’s global reach beyond its existing operations in 16 countries and could accelerate its expansion in European markets.
Neither company disclosed financial terms of the transaction. Keyence, known for its high profit margins and conservative financial management, currently trades at $440.85 per share with a market capitalization of $107 billion.
