Frontmatec Enters Into Partnership With AIRA

Frontmatec has entered into an agreement to acquire 40% of the shares in ASSESSORAMENT INDUSTRIAL ROBÒTICA I AUTOMATITZACIÓ, S.L. (“AIRA”), a leading supplier of advanced robotic solutions for the meat industry. The current owner and founder Xavi Jané López will continue as Managing Director and majority shareholder. The partnership will provide Frontmatec with unique competencies in robotic solutions, complementing the already strong automation portfolio of Frontmatec. The partnership will focus on supporting the increasing level of automation in the global meat industry.

“Currently we are seeing a rapid increase in the demand for advanced robotic solutions in the market and, thus we are very pleased about the partnership with Xavi and his team. The partnership will position Frontmatec/AIRA as the undisputed leader supplying robotic solutions to the industry and we are looking very much forward to begin the journey together.”

- Henrik Andersen, CEO

Founded in 2001, AIRA is a highly reputable Spanish company offering advanced robotic solutions to the meat industry. AIRA has a large installed base and is located near Barcelona with 23 highly skilled employees.

“I am very pleased about the partnership agreement with Frontmatec. I am confident that the global position of Frontmatec combined with our unique products and solutions will result in mutual benefits for both companies.”

- Xavi Jané López, Founder of AIRA

Going forward, AIRA will become the “competence center” of robotic solutions for slaughter line and other related application in close cooperation with Frontmatec R&D teams worldwide. AIRA will continue to commercialize its solutions in Spain while utilizing the global position of Frontmatec outside Spain.

The completion of the transaction is subject to final closing, which is expected to happen within the coming months.