About the Deal
KRONES INC., headquartered in Franklin, Wisconsin, is part of Krones Group, a world leader in the manufacture of fully integrated packaging and bottling line systems as well as integrated brew house and processing systems, IT solutions and warehouse logistics systems. With annual revenues of €3.17 billion and over 13,000 employees, Krones Group includes Krones AG and more than 80 sales and service companies around the world.
PROCESS AND DATA AUTOMATION is based in Erie, Pennsylvania, and is a leading industrial control systems integrator across a number of sectors including liquid food.
The acquisition of PDA represents a further step in executing the Krones digitization strategy and increasing the international footprint.
BRIDGEWOOD ADVISORS initiated this transaction, assisted in negotiations, and provided strategic and financial advisory services to Krones.