Glaston acquires industrial property rights to Glassrobots
Aug. 20, 2014 – Glaston has acquired the industrial property rights to all Glassrobots
products. The acquisition strengthens Glaston's position in glass processing machines and as a provider of the industry's most
extensive lifecycle services.
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 Oy's flat tempering and bending machines and also of
its automotive products and other equipment will transfer to Glaston. The deal
is conditional on the approval of the Glassrobots Oy bankruptcy estate
"The acquisition will significantly strengthen our position in the heat
treatment machine segment, where we are already very 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 significantly more
comprehensive maintenance services," explains Metsänen.
The industrial property rights include, among other things, three major
patents, which Glaston can in future utilise 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
Glaston will establish a separate Glassrobots service team. Materials
management and logistics will be combined at Glaston's distribution centre in
Tampere. 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.
For more information