TMEIC Corporation America’s has completed its acquisition of the Ports and Terminals of Division of Orbita Ingeniería S.L. (Orbita).
The takeover was done through TMEIC’s wholly owned subsidiary – TMEIC Port Technologies, S.L.
The move will allow the US-based crane control firm to expand its offerings to new and existing ports and terminals customers in the form of industry-leading and time-tested Optical Character Recognition (OCR) capabilities as well as an expanded menu of automation options.
The existing Ports and Terminals Division will be provided with expanded opportunities for growth and advancement with financial support, technical backing, and market reach.
“It is my pleasure to announce that Orbita’s expertise is now available to TMEIC,” said Manmeet S. Bhatia, President and CEO of TMEIC Corporation Americas.
“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.”
Declan Daly, Vice President of Industrial Systems at TEMIC Corporation America’s, added: “Orbita’s expertise and experience enhances our Port Automation offering.
“Together, we can provide a more complete portfolio of both automated gate and yard systems as well as enhanced automated crane solutions, bringing TMEIC closer to providing an integrated solution of IT and OT systems for container terminal automation.”
Francisco J. Grau Cavanillas, Managing Director of the Ports & Terminals Division at Orbita, commented: “We were looking for an industry leader that provides the necessary support and enthusiasm for our growing business but also a company culture aligned with our values.
“In TMEIC, we have found a great partner that will bring Orbita new capacities. Our clients will benefit from the commercial, technological, and financial strength of a world-class company without losing our closeness and service-oriented identity.”
Orbita’s Ports and Terminals Division delivers solutions in the maritime terminal sector by providing automation services and engineering aimed to enhance its customer’s processes at their respective facilities.
