GF Machining Solutions to Acquire Microlution
This enlarges their technology portfolio to meet the needs of aerospace, medical, and other targeted industry segments.
Posted: May 25, 2016
GF Machining Solutions (Lincolnshire, IL) has announced an agreement to purchase 100 percent of the shares of Microlution Inc. (Chicago, IL), a developer of micro-machining products that incorporate milling and laser technologies. The acquisition is in line with the strategy to enlarge their technology portfolio to fully meet the needs of manufacturers in targeted industry segments, including aerospace and medical. Both companies have mutually agreed to keep the sales conditions confidential.
“We warmly welcome them,” stated Yves Serra, the chief executive office of GF Machining Solutions. “They have developed, within a short time, a remarkable know-how in micromachining that complements our technology portfolio very well. We look forward to supporting them in widening our presence in the U.S. and worldwide.”
Microlution was founded in 2005 by three engineers from the Chicago region. They specialize in 5-axis milling and femtosecond laser for hole drilling and micro-cutting applications for a wide range of industries, including aerospace, medical and automotive. They generated $10 million in sales in 2015 and employ 30 individuals. “We are excited for our team, products and technology to join forces with them,” stated Andy Phillip, the president and director of Microlution. “Our customers have benefited from our innovative systems for nearly ten years. With our new partner, we will increase our ability to serve customers and grow.”
GF Machining Solutions is a leading provider of machines, automation solutions and services to the tool and mold making industry and to manufacturers of precision components. Products range from electric discharge machines, high-speed and high-performance milling machines, including clamping and palletization systems, and 3D laser surface texturing machines, to services, spare parts and expendable parts, consumables and automation solutions. They are a global division of the Georg Fischer Group (Switzerland) and maintain a presence on 50 sites worldwide within its own organization of 2,873 employees that generated sales over $911 million in 2015.
www.gfms.com/us, www.microlution-inc.com
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