On 1 April, TMEIC Corporation Americas completed the acquisition of the ports and terminals division of Orbita Ingeniería, S.L. (Orbita) through its wholly-owned subsidiary, TMEIC Port Technologies, S.L.
The acquisition of Virginia-based Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC) of Orbita’s ports and terminals division will allow it to expand its offerings to new and existing ports and terminals customers in the form of industry-leading and time-tested OCR capabilities as well an expanded menu of automation options, according to a statement.
“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,” commented Manmeet S. Bhatia, president and CEO of TMEIC Corporation Americas.
Francisco J. Grau Cavanillas, managing director of the Ports & Terminals Division at Valencia-headquartered Orbita Ingeniería, S.L., commented, “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.”
