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Methods Machine Tools Set to Acquire Koch Machine Tool
Methods Machine Tools Inc. (Sudbury, MA) has signed an agreement with an intent to acquire Koch Machine Tool, a machine tool dealer and Methods’s avenue into the Texas machining market since 2010.
Sandvik Coromant Relocates U.S. Headquarters to Mebane, North Carolina
Sandvik Coromant has opened an updated 167,000-square-foot facility that houses the company’s U.S. headquarters, along with a new tech center and a production unit.
International Thermal Systems Moves Into New, Modern Facility
International Thermal Systems (ITS) has moved into its new, modern, and more expansive facility. The new site is only eight miles from its previous location.
September 2021 Manufacturing Technology Orders Total $590 Million
Orders of new manufacturing technology totaled $590 million in September 2021, according to the latest U.S. Manufacturing Technology Orders Report, which is published by AMT – The Association For Manufacturing Technology.
Robot Orders Increase 67 Percent in Q2 2021 Over Same Period in 2020
Association for Advancing Automation (A3) stats show positive outlook for automation industry.
COE Press Equipment Announces Newly Designed Website
COE Press Equipment (Sterling Heights, MI) has announced the launch of its redesigned website that reflects the company’s updated product line and application stories.
TRUMPF Names Christine Benz to Serve as Head of TruServices and Smart Services
TRUMPF Inc. (Farmington, CT) has named Christine Benz to serve as head of TruServices and smart services. In this role, Benz will report to Burke Doar, senior vice president of sales and marketing for TRUMPF.
Global Shop Solutions Names John Davis as Chief Technology Officer
Global Shop Solutions Inc. (The Woodlands, TX) has named John Davis to the position of chief technology officer (CTO).
OPEN MIND Technologies and HAIMER Collaborate to Machine a Panther Model
OPEN MIND Technologies AG (Wessling, Germany) and HAIMER GmbH (Igenhausen, Germany) teamed up to create a 20″-long panther out of aluminum through 5-axis machining.
Manufacturing-Equipment Finance Company Closes Security Transaction Worth $319 Million
Commercial Credit Group Inc. (CCG) has announced the closing of a 144a privately-placed, term asset-backed security (ABS) transaction worth $319,395,000.
KYZEN to Exhibit Mild Alkaline, All-Metal Cleaner at Westec 2021
KYZEN Corp. (Nashville, TN) will exhibit at Westec 2021, which will be held Nov. 16-18 at the Long Beach Convention Center in Long Beach, CA. KYZEN will be in Booth 1857 and will highlight its METALNOX M6314.
Velo3D Gets $274 Million through Merger, Debuts on New York Stock Exchange
On Sept. 29, Velo3D Inc. (Campbell, CA) announced that it had completed its merger with JAWS Spitfire Acquisition Corp., a special purpose acquisition company. On Sept. 30, Velo3D began trading on the New York Stock Exchange under the ticker symbol “VLD.”