Glaston has acquired the industrial property rights to all Glassrobots products.
As a result of the deal, concluded on 8 August 2014 the industrial property rights and related documentation of Finnish glass processing machine manufacturer Glassrobots flat toughening and bending machines and also of its automotive products and other equipment will transfer to Glaston.
“The acquisition will strengthen our position in the heat treatment machine segment, where we are already strong,” says Glaston Corporation’s President & CEO, Arto Metsänen.
“The deal will support our technological competitive advantage, in addition to which it will strengthen our service business, because through our extensive geographical network we will be able to supply Glassrobots’ customers with more comprehensive maintenance services,” explains Metsänen.
The industrial property rights include three major patents, which Glaston can use in its own product development.
Through the acquisition, the company can also continue the active defence of its intellectual property rights in the market.
In addition, the industrial property rights, documentation and supplier network will give Glaston the exclusive right to supply Glassrobots’ customers with original spare parts and technical support.
Glaston will establish a separate Glassrobots service team. Materials management and logistics will be combined at Glaston’s distribution centre in Tampere, Finland.
This will ensure for existing Glassrobots customers continuity of aftermarket business and, in future, more comprehensive lifecycle services for spare parts, maintenance work and modernisations