The private shareholders of Industrial Concepts, Inc. have sold the company to Palm Ventures/Heartland Steep Products, Inc. for US$6.1 million.
Industrial Concepts, Inc. is a leading integrator of robotics, fixtures and material handling systems for automotive assembly and other factory settings, including automatically guided vehicles (AGVs).
Palm Ventures/Heartland Steep Products, Inc. is a prominent family office investor that has made significant investments in USA manufacturing, education, healthcare, and oil and gas service companies.
Oaklins' team in Dallas acted on behalf of the seller in this transaction.
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