Bystronic is expanding its digital expertise with the acquisition of the Spanish software specialist Kurago and thus strengthening its service portfolio with additional innovative solutions.
Within the framework of its growth strategy, Bystronic is committed to increasing its focus on the growing demand for automation and digital processes in the sheet metal processing sector by offering new, intelligent software solutions and networking its customers’ manufacturing processes.
The acquisition of the Spanish software specialist Kurago marks the next important step towards achieving this goal. On March 26, 2021, Bystronic took over one hundred percent of the shares from Kurago’s founders. The two companies have agreed not to disclose the purchase price. Kurago will continue to operate on the market under its own successful brand.
The two companies have been engaged in an innovation partnership since 2019, during which they jointly developed open smart factory software solutions. Most notably, the Bystronic Smart Factory Software Suite, which integrates manufacturing infrastructures across brands. This enables customers to boost their productivity and efficiency.
Alex Waser, CEO of Bystronic and member of the Conzzeta AG Executive Committee, commented:
After successfully collaborating to develop smart factory solutions over the past two years, the acquisition of Kurago marks another milestone in our growth strategy. Together, we will develop intelligent end-to-end solutions to continue to drive forward the digitalization of our customers’ manufacturing processes.
Kurago was founded in September 2019. The privately held Spanish company has 52 employees in Bilbao and Vitoria-Gasteiz. The company founders’ roots lie in industry and they can draw on vast expertise in the development of solutions for the sheet metal processing sector. The company is a certified Microsoft Gold Partner, which underlines the innovative capacity of the software specialist.