DAUCHINGEN, GERMANY – KSL Kuttler Automation Systems said its newest investor, Tao Zipeng, has taken over management of the firm’s staff.

The manufacturer of automation systems reportedly has increased staff 20% since April, and plans to add two more sales team members and invest some $3.4 million in research and development.

Management expects revenue of $68.2 million in 2015, up as much as 50% year-over-year. Revenue is growing in the US, but Europe and Germany in particular are seeing stable growth, the firm says.

 

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