Gullegem, Belgium – LVD Company nv and Pullmax AB, Göteborg, Sweden, have announced entering into an agreement providing for the operational merger of the companies to combine sales, service, production and research and development facilities.
The agreement will expand the product offerings and market reach of both companies and will create one of the industry’s largest sheet metalworking equipment manufacturers with manufacturing facilities in Belgium, Central Europe, the US, and China, providing representation in over 50 countries worldwide, including 20 direct sales and service subsidiaries.
Under the agreement, each company will maintain its independent corporate identity, but will combine key operations in the areas of sales, service, production, and engineering development. Under the terms of the operational merger, LVD will manufacture Pullmax punching machines for the world market and will collaborate with Pullmax on research and development efforts for future punching products and technology. Pullmax will represent the breadth of LVD laser cutting, punching, bending, and shearing equipment, as well as LVD software and mid-range automation products.
The complete range of Pullmax punching machines will be added to LVD’s existing punch press product portfolio. The result will be a highly comprehensive punching product offering with a broad range of capabilities and an extensive line of automated systems.
In Scandinavia and the UK, LVD and Pullmax sales and service operations will be merged at a country level to provide an integrated sales and service network for LVD and Pullmax customers alike. For all other markets, LVD will provide sales and service support via an extensive network of subsidiaries and agents.
Pullmax is recognized as a leader in advanced production machinery and system solutions. The 73-year-old company, once a division of ESAB, has more than 50,000 machines installed worldwide and has a reputation for robust, innovative and reliable punching systems.
Established in 1952, LVD’s core business focus is punching, laser cutting, bending and offline software process integration. A leader in bending technology, the company was the first to introduce a PC-based control for the press brake and has led the market in adaptive bending technology and custom forming solutions.
Moving forward, LVD and Pullmax will combine design and engineering resources to address market requirements, jointly developing and introducing new sheet metal fabrication products.
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