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AMI Automation Acquired by Electrodes Manufacturer Resonac Holdings
06/19/2023 - Graphite electrodes maker Resonac Holdings Corp. is exercising an option to fully acquire Mexico’s AMI Automation, a move that will allow it to provide a wider range of services for electric arc furnace (EAF) operators.
In a statement, Resonac said it is buying the remaining 50% stake in AMI after taking a 50% stake in the business in 2021. It expects to close on the acquisition in the third quarter, it said.
“The acquisition of 100% of the shares in AMI will allow Resonac to make its graphite business evolve from the simple provision of electrode products into provision of total solution services for EAFs, including support to digitalization of production process,” Resonac said in a statement.
“We have already started to provide AMI’s digital automation and optimization solutions that enhance EAF operating efficiencies, promote safety, energy conservation, and reduce greenhouse gas emissions while delivering greater value to customers.”
Resonac said that with AMI fully under its own roof, AMI engineers will work with Resonac’s Research Center for Computational Science and Informatics as well as the chief digital officer to accelerate digital transformation across the Resonac Group.
